Quarterly ResultMay 6, 2026, 04:20 PM
BGSF Q1 Net Loss $(0.47)M; EPS $(0.04)
AI Summary
BGSF, Inc. reported a net loss of $(0.47) million, or $(0.04) per share, for the thirteen weeks ended March 29, 2026, an improvement from a net loss of $(0.72) million, or $(0.07) per share, in the prior year. Revenues remained stable at $20.88 million. The company recognized a $0.92 million gain on the sale of its Professional segment, which was completed in September 2025, and received $4.4 million from holdback escrow and working capital adjustment in March 2026. However, net cash provided by operating activities significantly decreased.
Key Highlights
- Net loss for Q1 2026 was $(0.47) million, improving from $(0.72) million in Q1 2025.
- Diluted EPS for Q1 2026 was $(0.04), compared to $(0.07) in Q1 2025.
- Revenues for Q1 2026 were $20.88 million, flat compared to $20.88 million in Q1 2025.
- Operating loss improved to $(1.55) million in Q1 2026 from $(1.77) million in Q1 2025.
- Recognized a $0.92 million gain on the sale of the Professional segment in Q1 2026.
- Received $4.4 million in March 2026 from holdback escrow and working capital adjustment.
- Cash and cash equivalents decreased to $13.90 million as of March 29, 2026, from $19.02 million.
- Net cash provided by operating activities was $4 thousand in Q1 2026, down from $1.06 million in Q1 2025.