SPAR Group Inc (FRA:PMH)

Q1 2026 SPAR Group Inc Earnings Call Transcript

May 12, 2026 / 01:00 PM GMT

Release Date Price: €0.505 (-4.72%)

Transcript 10-Q8-K

Key Points

Positve

SPAR Group Inc (SGRP) returned to positive EBITDA in the first quarter of 2026.
The company achieved gross margins of 22.3%, reflecting the strength of its evolving business model.
U.S. Merchandising revenue grew by 5% and Canada returned to growth with a 3% increase.
SG&A expenses were $1.9 million below the normalized average quarter of 2025, demonstrating significant restructuring benefits.
The company announced a partnership with Repositrack, enhancing inventory accuracy and reducing out-of-stocks.

Negative

Net revenues for the first quarter totaled $30.5 million, down 10.3% year-over-year.
The company reported a GAAP net loss of $553,000 or $0.02 per diluted share.
Adjusted net loss was $274,000 or $0.01 per diluted share, compared to adjusted net income in the prior year.
Consolidated adjusted EBITDA declined to $737,000 from $1.5 million in the prior year.
SPAR Group Inc (SGRP) is currently not in compliance with Nasdaq listing requirements regarding net worth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SGRP.OQ - SPAR Group Inc
Q1 2026 SPAR Group Inc Earnings Call
May 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and welcome to the SPAR Group First Quarter 2026 Financial Results Conference Call.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch tone phone. To withdraw your question, please press star, then two. Please note this event is being recorded.

I would now like to turn the conference over to Sandy Martin with three-part advisors. Please go ahead.

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Unidentified_2 [2]
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