BROADWIND INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 13, 2024
BWEN$2.96+4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $1,384 | $1,099 |
| Accounts receivable, net | 13,361 | 19,231 |
| AMP credit receivable | 2,899 | 7,051 |
| Contract assets | 1,764 | 1,460 |
| Inventories | 40,381 | 37,405 |
| Prepaid expenses and other current assets | 2,278 | 3,500 |
| Total current assets | 62,067 | 69,746 |
| LONG-TERM ASSETS: | ||
| Property and equipment, net | 46,584 | 47,123 |
| Operating lease right-of-use assets, net | 14,299 | 15,593 |
| Intangible assets, net | 1,568 | 2,064 |
| Other assets | 606 | 630 |
| TOTAL ASSETS | $125,124 | $135,156 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Line of credit and current maturities of long-term debt | $11,367 | $5,903 |
| Current portion of finance lease obligations | 2,270 | 2,153 |
| Current portion of operating lease obligations | 2,059 | 1,851 |
| Accounts payable | 17,351 | 20,728 |
| Accrued liabilities | 4,006 | 6,477 |
| Customer deposits | 4,366 | 16,500 |
| Total current liabilities | 41,419 | 53,612 |
| LONG-TERM LIABILITIES: | ||
| Long-term debt, net of current maturities | 5,581 | 6,250 |
| Long-term finance lease obligations, net of current portion | 4,135 | 3,372 |
| Long-term operating lease obligations, net of current portion | 14,334 | 15,888 |
| Other | 14 | 15 |
| Total long-term liabilities | 24,064 | 25,525 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding | — | — |
| Common stock, $0.001 par value; 45,000,000 shares authorized; 22,387,984 and 21,840,301 shares issued as of September 30, 2024, and December 31, 2023, respectively | 22 | 22 |
| Treasury stock, at cost, 273,937 shares as of September 30, 2024 and December 31, 2023 | (1,842) | (1,842) |
| Additional paid-in capital | 400,892 | 399,336 |
| Accumulated deficit | (339,431) | (341,497) |
| Total stockholders’ equity | 59,641 | 56,019 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $125,124 | $135,156 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.