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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues $ 67,333 $ 69,832 $ 197,649 $ 196,626
Related party - cost of revenues 1,628 2,535 4,807 7,201
Cost of revenues 52,332 54,457 152,235 151,806
Gross profit 13,373 12,840 40,607 37,619
Selling, general and administrative expense 11,284 10,614 32,345 29,952
Depreciation and amortization 548 506 1,574 1,524
Operating income 1,541 1,720 6,688 6,143
Interest expense, net 380 270 1,248 595
Other income, net (164) (126) (347) (363)
Income before income tax expense 1,325 1,576 5,787 5,911
Income tax expense 227 676 1,806 1,942
Net income 1,098 900 3,981 3,969
Net income attributable to non-controlling interest (839) (932) (2,217) (2,180)
Net income (loss) attributable to SPAR Group, Inc. $ 259 $ (32) $ 1,764 $ 1,789
Basic income per common share attributable to SPAR Group, Inc. (in dollars per share) $ 0.01 $ (0) $ 0.08 $ 0.08
Diluted income per common share attributable to SPAR Group, Inc. (in dollars per share) $ 0.01 $ (0) $ 0.08 $ 0.08
Weighted-average common shares outstanding – basic (in shares) 23,237 22,227 23,201 21,873
Weighted-average common shares outstanding – diluted (in shares) 23,376 22,227 23,350 22,010
Net income $ 1,098 $ 900 $ 3,981 $ 3,969
Foreign currency translation adjustments (497) (1,085) (359) (5,021)
Comprehensive income (loss) 601 (185) 3,622 (1,052)
Comprehensive (income) loss attributable to non-controlling interest (688) (303) (1,788) 1,696
Comprehensive income (loss) attributable to SPAR Group, Inc. $ (87) $ (488) $ 1,834 $ 644