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 Statements of Operations
(in thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $35,503 | $57,163 | $109,571 | $156,879 |
| Cost of sales | 30,306 | 46,996 | 92,171 | 131,403 |
| Gross profit | 5,197 | 10,167 | 17,400 | 25,476 |
| OPERATING EXPENSES: | ||||
| Selling, general and administrative | 3,854 | 4,635 | 12,391 | 16,113 |
| Intangible amortization | 165 | 165 | 496 | 498 |
| Total operating expenses | 4,019 | 4,800 | 12,887 | 16,611 |
| Operating income | 1,178 | 5,367 | 4,513 | 8,865 |
| OTHER EXPENSE, net: | ||||
| Interest expense, net | (1,058) | (932) | (2,316) | (2,171) |
| Other, net | (5) | (13) | 2 | (37) |
| Total other expense, net | (1,063) | (945) | (2,314) | (2,208) |
| Net income before provision for income taxes | 115 | 4,422 | 2,199 | 6,657 |
| Provision for income taxes | 41 | 28 | 133 | 79 |
| NET INCOME | 74 | 4,394 | 2,066 | 6,578 |
| NET INCOME PER COMMON SHARE—BASIC: | ||||
| Net income | $0.00 | $0.21 | $0.09 | $0.31 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC | 22,029 | 21,337 | 21,803 | 21,101 |
| NET INCOME PER COMMON SHARE—DILUTED: | ||||
| Net income | $0.00 | $0.20 | $0.09 | $0.31 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED | 22,100 | 21,574 | 21,904 | 21,451 |
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