BGSF, INC.

For the period ended Mar 30, 2025. Filed May 7, 2025.

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 30, 2025 · Filed May 7, 2025

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 30, 2025 and March 31, 2024

2025 · 2024
Cash flows from operating activities
Net loss			$(722)				$(792)
Adjustments to reconcile net loss to net cash provided by activities:
	Depreciation		98			94
	Amortization		1,573			1,913
	Software as a service		176			180
	Loss on disposal of property and equipment		11			8
	Amortization of debt issuance costs		124			49
	Interest expense (income) on contingent consideration payable		44			(45)
	Provision for credit losses		260			625
	Share-based compensation		186			235
	Deferred income taxes, net of acquired deferred tax liability		(155)			(127)
Net changes in operating assets and liabilities:
		Accounts receivable		(2,620)			3,733
		Prepaid expenses		38			462
		Other current assets		(192)			513
		Deposits		6			593
		Accounts payable		1,525			129
		Accrued payroll and expenses		537			(24)
		Accrued interest		63			(218)
		Income taxes receivable and payable		54			52
		Operating leases		58			1
	Net cash provided by operating activities		1,064			7,381
Cash flows from investing activities
Capital expenditures		(23)			(494)
	Net cash used in investing activities		(23)			(494)

Cash flows from financing activities
	Net borrowings (payments) under line of credit		1,604			(4,874)
	Principal payments on long-term debt		(956)			—
	Payments of dividends		—			(1,639)
	Issuance of ESPP shares		87			112
	Issuance of shares under the 2013 Long-Term Incentive Plan		—			102
	Payments of debt issuance costs		(79)			(538)
		Net cash provided by (used in) financing activities		656			(6,837)
Net change in cash and cash equivalents		1,697			50
Cash and cash equivalents, beginning of period		353			—
Cash and cash equivalents, end of period	$2,050			$50
Supplemental cash flow information:
	Cash paid for interest, net		$868			$1,400
	Cash paid for taxes, net of refunds		$14			$40

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.