BGSF INC

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

BGSF$4.07+3.6%Stored close · as of Nov 10, 2026

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Contents

Unaudited Consolidated Statements of Cash Flows

For the Thirteen Week Periods Ended March 31, 2024 and April 2, 2023

2024 · 2023
Cash flows from operating activities
Net loss			$(792)				$(16,466)
Adjustments to reconcile net loss to net cash provided by activities:
	Depreciation		94			127
	Amortization		1,913			1,630
	Impairment losses		—			22,545
	Loss on disposal of property and equipment		8			—
	Amortization of debt issuance costs		49			46
	Interest expense on contingent consideration payable		(45)			22
	Provision for credit losses		625			79
	Share-based compensation		235			361
	Deferred income taxes, net of acquired deferred tax liability		(127)			(5,193)
Net changes in operating assets and liabilities, net of effects of acquisitions:
		Accounts receivable		3,733			3,666
		Prepaid expenses		462			(784)
		Other current assets		513			1,247
		Deposits		593			—
		Software as a service		180			180
		Accounts payable		129			(36)
		Accrued payroll and expenses		(24)			(3,014)
		Accrued interest		(218)			(103)
		Income taxes receivable and payable		52			(310)
		Operating leases		1			(58)
	Net cash provided by operating activities		7,381			3,939
Cash flows from investing activities
Capital expenditures		(494)			(745)
	Net cash used in investing activities		(494)			(745)

Cash flows from financing activities
	Net payments under line of credit		(4,874)			(646)
	Principal payments on long-term debt		—			(1,000)
	Payments of dividends		(1,639)			(1,618)
	Issuance of ESPP shares		112			145
	Issuance of shares under the 2013 Long-Term Incentive Plan, net of exercises		102			—
	Debt issuance costs		(538)			(5)
		Net cash used in financing activities		(6,837)			(3,124)
Net change in cash and cash equivalents		50			70
Cash and cash equivalents, beginning of period		—			—
Cash and cash equivalents, end of period	$50			$70
Supplemental cash flow information:
	Cash paid for interest, net		$1,400			$1,183
	Cash paid for taxes, net of refunds		$40			$34

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.