Home / Restatements / SPAR Group, Inc.
Filed 2025-05-15 路 Form 8-K 路 Accession 0001437749-25-017177 nano
Price before filing: $1.04 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $25.3M (2025-05-15) 路 Latest: $17.6M (2026-08-17)
| Window | SGRP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +2.9% | +2.6% | +0.3% | 2025-06-16 |
| 90 days | +9.6% | +10.1% | -0.5% | 2025-08-13 |
| 180 days | +1.9% | +16.9% | -15.0% | 2025-11-11 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $6K (1 sale); 1 insider bought $7K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-15 | BROWN ROBERT G/ 10% owner | Purchase | 5,000 | $1.10 | $6K | no | Form 4 |
| 2025-04-21 | BROWN ROBERT G/ 10% owner | Purchase | 1,000 | $1.09 | $1K | no | Form 4 |
| 2025-05-12 | BROWN ROBERT G/ 10% owner | Sale | 6,000 | $1.05 | $6K | no | Form 4 |
| 2025-05-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On May 14, 2025, the management and the Audit Committee of the Company, in consultation with BDO USA P.C. (" BDO "), the Company's independent registered public accounting firm, determined that the Company's unaudited condensed consolidated financial statements (collectively, the " Prior Period Financial Statements ") for the quarterly and year-to-date periods ended June 30, 2024 and September 30, 2024, included in..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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