BROADWIND INC
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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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.
Jun 30, 2024 · Filed Aug 13, 2024
BWEN$2.96+4.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $ 36,452 | $ 50,843 | $ 74,068 | $ 99,716 |
| Cost of sales | 30,886 | 42,510 | 61,865 | 84,407 |
| Gross profit | 5,566 | 8,333 | 12,203 | 15,309 |
| OPERATING EXPENSES: | ||||
| Selling, general and administrative | 4,143 | 5,952 | 8,537 | 11,478 |
| Intangible amortization | 166 | 165 | 331 | 333 |
| Total operating expenses | 4,309 | 6,117 | 8,868 | 11,811 |
| Operating income | 1,257 | 2,216 | 3,335 | 3,498 |
| OTHER EXPENSE, net: | ||||
| Interest expense, net | (726) | (751) | (1,258) | (1,239) |
| Other, net | 4 | (22) | 7 | (24) |
| Total other expense, net | (722) | (773) | (1,251) | (1,263) |
| Net income before provision for income taxes | 535 | 1,443 | 2,084 | 2,235 |
| Provision for income taxes | 53 | 28 | 92 | 51 |
| NET INCOME | 482 | 1,415 | 1,992 | 2,184 |
| NET INCOME PER COMMON SHARE—BASIC: | ||||
| Net income | $ 0.02 | $ 0.07 | $ 0.09 | $ 0.10 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC | 21,783 | 21,091 | 21,689 | 20,981 |
| NET INCOME PER COMMON SHARE—DILUTED: | ||||
| Net income | $ 0.02 | $ 0.07 | $ 0.09 | $ 0.10 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED | 22,003 | 21,409 | 21,904 | 21,390 |
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