Home / Restatements / SPAR Group, Inc.
Filed 2025-07-16 路 Form 8-K 路 Accession 0001437749-25-022831 nano
Price before filing: $0.948 (2025-07-15 close, split/dividend-adjusted)
Market cap at flag: $22.2M (2025-07-16) 路 Latest: $17.6M (2026-08-17)
| Window | SGRP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +19.2% | +3.4% | +15.8% | 2025-08-15 |
| 90 days | +10.8% | +6.7% | +4.0% | 2025-10-14 |
| 180 days | -9.2% | +12.4% | -21.6% | 2026-01-12 |
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 $1K (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2025-07-16: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-17 to 2025-08-15. 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 July 16, 2025, the management of the Company and the audit committee of the board of directors of the Company (the " Audit Committee "), in consultation with BDO USA P.C. (" BDO "), the Company's independent registered public accounting firm, determined that the Company's audited consolidated financial statements (collectively, the " Financial Statements ") for the fiscal years ended December 31, 2024 and..."
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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