Filing Flows › ARK Restaurants (ARKR) › Q4 FY24
ARK Restaurants (ARKR) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
ARK Restaurants (ARKR) reported revenue of $43.4M for the fourth quarter fiscal 2024 (Q4 FY24), -2% from a year earlier and -14% from the quarter before. Operating margin was -12.7%, net loss $5.0M (11.6% of revenue).
ARK Restaurants, Q4 FY24: revenue $43.4M (-2% year over year), operating margin -12.7%, net loss $5.0M, operating cash flow $728K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.4M | -14% | -2% |
| Operating profit | −$5.5M | — | — |
| Net earnings | −$5.0M | — | — |
| Operating cash flow | $728K | -77% | -52% |
What changed
Revenue was $43.4M in Q4 FY24, down 2% year over year and down 14% from the previous quarter. Food and Beverage was the largest line at 97% of revenue.
Operating costs exceeded revenue by $5.5M, an operating margin of -12.7%. Total costs fell 11% while revenue fell 2%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $5.0M, after a profit of $899K the previous quarter. Minority interests bore $578K of it: to shareholders the quarter was a loss of $4.5M.
Operating cash flow was $728K (down 52% year over year). Non-cash charges added back $909K of depreciation and amortization. Working capital and other items added $4.9M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$482K.
Questions
What was ARK Restaurants' revenue in the fourth quarter fiscal 2024?
ARK Restaurants (ARKR) reported revenue of $43.4M for the fourth quarter fiscal 2024 (Q4 FY24), -2% from a year earlier and -14% from the quarter before.
Was ARK Restaurants profitable in the fourth quarter fiscal 2024?
Operating loss was $5.5M (-12.7% of revenue) and net loss $5.0M.
Source: ARK Restaurants 10-K on SEC EDGAR.