SPAR Group Inc. has released its financial results for the year ended December 31, 2024. The company reported a GAAP net loss of $3.15 million, a significant decline from the net income of $3.9 million in 2023. This change was influenced by a technical accounting adjustment related to the sale of its Brazilian joint venture. The adjustment led to a reported accounting loss of $1.6 million, despite the transaction producing an economic gain of $5.9 million. The company's GAAP earnings per share $(EPS)$ for 2024 stood at a loss of $0.13, contrasting with a gain of $0.17 per share in the previous year. However, on a non-GAAP basis, which accounts for the economic gain on the sale, SPAR Group reported a net income of $4.41 million with a basic earnings per share of $0.19. The results highlight the impact of accounting requirements on the reported financial outcomes, while management emphasizes the economic benefits of the transaction. This strategic sale was considered highly accretive, adding substantial economic value to the company, despite the technical accounting loss reported under GAAP.