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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenues $ 37,788 $ 67,333 $ 163,771 $ 197,649
Related party - cost of revenues 0 1,628 0 4,807
Cost of revenues 29,346 52,332 131,801 152,235
Gross profit 8,442 13,373 31,970 40,607
Selling, general and administrative expense 8,558 11,284 27,707 32,345
Gain on sale of businesses 922 0 (11,154) 0
Depreciation and amortization 454 548 1,443 1,574
Operating (loss) income (1,492) 1,541 13,974 6,688
Interest expense 582 380 1,678 1,248
Other expense (income), net 472 (164) 184 (347)
(Loss) Income before income tax expense (2,546) 1,325 12,112 5,787
Income tax (benefit) expense (2,314) 227 1,088 1,806
Net (loss) income (232) 1,098 11,024 3,981
Net loss (income) attributable to non-controlling interest 88 (839) (914) (2,217)
Net (loss) income attributable to SPAR Group, Inc. $ (144) $ 259 $ 10,110 $ 1,764
Basic (loss) income per common share attributable to SPAR Group, Inc. (in dollars per share) $ (0.01) $ 0.01 $ 0.43 $ 0.08
Diluted (loss) income per common share attributable to SPAR Group, Inc. (in dollars per share) $ (0.01) $ 0.01 $ 0.43 $ 0.08
Weighted-average common shares outstanding – basic (in shares) 23,435 23,237 23,591 23,201
Weighted-average common shares outstanding – diluted (in shares) 23,435 23,376 23,768 23,350
Net income $ (232) $ 1,098 $ 11,024 $ 3,981
Other comprehensive loss        
Foreign currency translation adjustments (72) (497) (1,220) (359)
Comprehensive (loss) income (304) 601 9,804 3,622
Comprehensive (income) loss attributable to non-controlling interest 45 (688) 142 (1,788)
Comprehensive (loss) income attributable to SPAR Group, Inc. $ (259) $ (87) $ 9,946 $ 1,834