SecBot SecBot
8-K ·Filed Apr 13, 2026

SGRP

SPAR Group, Inc.
BEARISH
Impact 7/10
Horizonimmediate Processed6mo ago SEC0001437749-26-012159
8-K material event: Items 4.01
Actionable Insight ▼ Bearish

Monitor for potential restatements or delays in future filings, as auditor changes with material weaknesses present can indicate underlying financial reporting issues. The market may react negatively to this development.

DirectionBearish
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
SGRP ▲ +45.56% at T+60d
SHORT call ✗ call lost -45.56% · α vs SPY -37.04% · entry $0.5900 → $0.8588
Entry = T+0 close
Apr 13, 2026
via day close
T+1d
+1.69%
call -1.69% · α -0.92%
$0.6000
settled 7mo ago
T+5d
+1.69%
call -1.69% · α -0.30%
$0.6000
settled 6mo ago
T+20d
+8.47%
call -8.47% · α -2.18%
$0.6400
settled 6mo ago
T+60d
+45.56%
call -45.56% · α -37.04%
$0.8588
settled 4mo ago

Price Chart

Loading chart...

Executive Summary

SPAR Group, Inc. dismissed its auditor BDO USA, P.C. and engaged Grant Thornton LLP as its new independent registered public accounting firm. This change raises concerns as BDO previously identified material weaknesses in internal controls related to financial statement close processes and accounting for deconsolidation of international components.

Key Facts

  • Dismissed BDO USA, P.C. as independent registered accounting firm
  • Engaged Grant Thornton LLP as new independent registered public accounting firm
  • BDO identified material weaknesses in internal controls over financial reporting
  • Material weaknesses related to financial statement close process and accounting for deconsolidation of international components
  • No disagreements or reportable events with BDO other than the material weaknesses

Financial Impact

Potential financial impact due to auditor change and material weaknesses in internal controls

internal controlsaudit qualityfinancial reporting reliability

Risk Factors

  • Potential restatements of financial statements
  • Delays in future SEC filings
  • Continued material weaknesses in internal controls

Market Snapshot

Exchange
Nasdaq
Sector
Services-Business Services, NEC

Investment Themes

Software & IT

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001437749-26-012159
Document: 0001437749-26-012159-index-headers.html0001437749-26-012159
Document: 0001437749-26-012159-index.html0001437749-26-012159
Document: 0001437749-26-012159.txt0001437749-26-012159
18 reports for SGRP
Performance horizon
50% Hit rate @ T+1 4 of 8 directional calls Went positive at some point 7 of 8 best @ T+60▲ +29.54%Mar 31, 2026
Filters
Rows
Reports for SGRP — sortable, filterable
TypeNow
Oct 27, 2026
today
SC 13D/A
NEUTRAL ★ 3/10
$0.6400awaiting T+1—$0.7000 (+9.37%)
Oct 27, 2026
today
SC 13D/A
NEUTRAL ★ 3/10
$0.6400awaiting T+1—$0.7000 (+9.37%)
Oct 21, 2026
6d ago
SC 13G
NEUTRAL ★ 3/10
$0.2875 $0.2875· 0.00%▲ +1.18%$0.7000 (+143.48%)
Oct 7, 2026
20d ago
SC 13D/A
NEUTRAL ★ 4/10
$0.2875 $0.2875· 0.00%▲ +0.42%$0.7000 (+143.48%)
Aug 13, 2026
10w ago
8-K
BEARISH ★ 6/10
$0.2875 $0.2875· 0.00%▼ −0.20%$0.7000 (−143.48%)
Aug 13, 2026
10w ago
Press Release
MIXED ★ 5/10
$0.2875 $0.2875· 0.00%▲ +0.20%$0.7000 (+143.48%)
Jul 23, 2026
13w ago
3
NEUTRAL ★ 3/10
$0.3900 $0.3800▼ −2.56%▼ −2.67%$0.7000 (+79.49%)
Jul 22, 2026
13w ago
Press Release
BEARISH ★ 7/10
$0.3900 $0.3800▲ +2.56%▲ +2.67%$0.7000 (−79.49%)
Jun 3, 2026
20w ago
8-K
BEARISH ★ 6/10
$0.7400 $0.7400· 0.00%▼ −2.60%$0.7000 (+5.41%)
May 12, 2026
24w ago
8-K
MIXED ★ 5/10
$0.6800 $0.6700▼ −1.47%▼ −2.05%$0.7000 (+2.94%)
Showing 10 of 18

US Market Status

Market Closed — Opens Thu (9h 38m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Apr 13, 2026