Founder and Significant Shareholder Robert G. Brown Recommends SPAR Group's Board to Act to Increase Shareholder Value Ready to Announce with Confidence?
Palm Beach Gardens, Florida--(Newsfile Corp. - May 27, 2026) - Robert G. Brown ("Mr. Brown"), founder, former Chairman and Chief Executive Officer, former director, and a significant shareholder of SPAR Group, Inc. (NASDAQ: SGRP) (hereinafter referred to as "SPAR Group" or the "Company"), today issued the following recommendations that the Company's Board of Directors (the "Board") implement to increase shareholder value:
"SPAR Group shareholders need assurance that their stock will not be diluted at depressed prices. The Company should focus on protecting existing shareholders by the following actions:
For 2025, SPAR reported $136.1 million in revenue, 1 $21.7 million in gross profit, 2 $32.2 million in selling, general and administrative expense, 3 a net loss attributable to SPAR Group of $24.6 million 4 and net cash used in operating activities of approximately $18.4 million. 5 As of March 31, 2026, SPAR reported cash and cash equivalents of approximately $4.31 million, 6 a secured revolving credit facility with a $36.0 million total facility for the U.S. and Canada, approximately $22.9 million total outstanding under the facility, and approximately $11.4 million of unused availability. 7
I recommend:
Nasdaq compliance is not just a technical issue. It is directly tied to shareholder confidence, market value, investor perception, and the Board's willingness to protect shareholders.
Summary
SPAR Group's Board should act to implement a plan to increase shareholder value, including:
About Robert G. Brown
Robert G. Brown is a founder, former Chairman and Chief Executive Officer, former director, and significant shareholder of SPAR Group, Inc.
For questions regarding the matters set forth above, please contact Robert Brown via email at rbrown6@msn.com.
Forward-Looking Statement Note
This Press Release contains forward-looking statements with respect to SPAR Group and potential future actions. Statements that are not historical facts, including statements regarding Mr. Brown's views concerning the Company's strategic direction, operational performance, governance, management, capital allocation, valuation, strategic alternatives, potential transactions, or opportunities to enhance shareholder value, are forward-looking statements.
Forward-looking statements are based on Mr. Brown's current beliefs, expectations, estimates, and assumptions and involve known and unknown risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, changes in market conditions, the Company's financial performance and strategic decisions, regulatory and legal developments, actions taken by the Company or other shareholders, the availability and terms of financing, macroeconomic conditions, and other factors beyond Mr. Brown's control.
No assurance can be given that any proposals, discussions, initiatives, objectives, or potential transactions referenced in this press release will be pursued, consummated, or achieve any particular outcome. Mr. Brown reserves the right to change his views, intentions, plans, or proposals at any time and disclaims any obligation to publicly update any forward-looking statements, except as required by law.
They are for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to buy, sell or hold any securities.
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1 SPAR Grp., Inc., Annual Report (Form 10-K) 15 (Mar. 31, 2026).
2 Id. at 29.
3 Id. at 15.
4 Id.
5 Id. at 29.
6 SPAR Grp., Inc., Quarterly Report (Form 10-Q) 2 (May. 12, 2026).
7 SPAR Grp., Inc., Quarterly Report (Form 10-Q) 9 (May. 12, 2026).
8 SPAR Group, Inc. (SGRP) Stock Price, News, Quotes & History, Yahoo! Finance, https://finance.yahoo.com/quote/SGRP/ (last visited May 26, 2026).
9 SPAR Grp., Inc. Annual Report (Form 8-K) (Sept. 8, 2022).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299053
Source: Robert G. Brown
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