secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019724
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America Q1 net loss $5M, revenue $81M; reaffirms FY2023 outlook
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- Revenue $81.0M on 738 railcar deliveries; gross margin 9.2% ($7.5M gross profit).
- Net loss ($5.0M) or ($0.19)/share; Adjusted Net Loss ($5.7M) or ($0.21)/share.
- Adjusted EBITDA $2.1M vs $3.3M in Q1 2022 and $1.2M in prior quarter.
- Received orders for 1,960 railcars; backlog 3,667 railcars valued at $413M.
- Signed deal to issue non-convertible preferred stock to reduce debt and provide growth capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023019724/0000950170-23-019724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023019724/rail-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019724

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer