Bowman Consulting Q4 revenue up 40% YoY to $41.9M; raises FY 2022 guidance

Bowman Consulting Group Ltd.

Gross revenue $41.9M in Q4 (+40% YoY); net service billing $37.8M (+44% YoY).
Net loss of $0.6M in Q4; full-year net income $0.3M.
Adjusted EBITDA Q4 $3.5M (9.3% margin); full-year $16.5M (+19% YoY).
Gross backlog $167M at year-end, up 48% YoY and 20% from Q3.
Raises FY 2022 net service billing guidance to $170-185M (from $150-170M) and adjusted EBITDA to $23-27M (from $20-24M).

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