Ark Restaurants | 10-Q: FY2025 Q3 Revenue: USD 43.72 M

Revenue: As of FY2025 Q3, the actual value is USD 43.72 M.

EPS: As of FY2025 Q3, the actual value is USD -0.96.

EBIT: As of FY2025 Q3, the actual value is USD -3.114 M.

Segment Revenue

• Food and Beverage Sales: $42,937,000 for the 13 weeks ended June 28, 2025, compared to $49,176,000 for the same period in 2024, a decrease of 12.7%.
• Other Revenue: $778,000 for the 13 weeks ended June 28, 2025, compared to $1,220,000 for the same period in 2024, a decrease of 36.2%.

Operational Metrics

• Operating Income (Loss): Operating loss of $3,415,000 for the 13 weeks ended June 28, 2025, compared to operating income of $824,000 for the same period in 2024.
• Net Income (Loss) Attributable to Ark Restaurants Corp.: Net loss of $3,454,000 for the 13 weeks ended June 28, 2025, compared to net income of $640,000 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $1,119,000 for the 39 weeks ended June 28, 2025, compared to $3,926,000 for the same period in 2024.
• Net Cash Provided by Investing Activities: $4,662,000 for the 39 weeks ended June 28, 2025, compared to cash used in investing activities of $1,204,000 for the same period in 2024.
• Net Cash Used in Financing Activities: $3,729,000 for the 39 weeks ended June 28, 2025, compared to $4,670,000 for the same period in 2024.

Unique Metrics

• Impairment Losses: Recognized impairment charges of $2,940,000 and $1,760,000 related to Sequoia’s ROU and long-lived assets during the 13 weeks ended June 28, 2025.
• Goodwill Impairment: Non-cash impairment charge of $3,440,000 for the 39 weeks ended June 28, 2025.

Future Outlook and Strategy

• Core Business Focus: The company continues to operate Bryant Park Grill & Cafe and The Porch at Bryant Park as a holdover tenant while pursuing legal action to secure lease extensions. The outcome of these proceedings could materially affect the company’s business and financial condition.
• Non-Core Business: The company intends to sell all condominium units at the Island Beach Resort in Jensen Beach, FL, subject to market forces.