Broadwind Q4 net loss $4.1M ($0.21/sh) on $26M revenue; expects Q1 2022 adj. EBITDA loss of $0.5M

BROADWIND, INC.

Q4 revenue $26.0M (-35% YoY); net loss $4.1M vs loss $2.0M in Q4 2020.
Full-year 2021 revenue $145.6M (-27% YoY); adjusted EBITDA $13.2M (+65% YoY).
Orders totaled $55.8M in Q4 (+55% YoY); backlog rose 15% to $106.4M.
Heavy Fabrications segment sales fell $15.1M to $14.7M; Gearing segment sales up $3.4M to $8.3M (+70% YoY).
Q1 2022 guidance: non-GAAP adjusted EBITDA loss of $0.5M, subject to market conditions.

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