NEW YORK (AP) — NEW YORK (AP) — Ark Restaurants Corp. (ARKR) on Monday reported a loss of $1.9 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 53 cents. Losses, adjusted for non-recurring gains, came to 59 cents per share.
The restaurant and bar operator posted revenue of $37.3 million in the period.
For the year, the company reported that its loss widened to $11.5 million, or $3.18 per share. Revenue was reported as $165.8 million.
Ark Restaurants shares have fallen 38% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.86, a decrease of 49% in the last 12 months.
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