secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001171843-22-003372
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadwind Q1 revenue up 28% to $41.8M but net loss widens to $2.4M; Q2 EBITDA guidance $0.4M-$0.6M
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- Q1 revenue $41.8M (+28% YoY); net loss $2.4M ($0.12/sh) vs loss $1.2M ($0.07/sh) prior year.
- Adjusted EBITDA was $0.0M vs $1.2M prior year; excluding ERC tax credit, adj EBITDA increased $2.1M.
- Total orders $52.7M (+54% YoY); backlog $117.1M (+24%); Heavy Fabrications orders +64%, Gearing +42%.
- Q2 2022 non-GAAP adjusted EBITDA guidance range $0.4M-$0.6M.
- Gross margin improved 390 bps to 4.8%; nearly 50% of optimal 2022 tower capacity booked.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184322003372/0001171843-22-003372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184322003372/f8k_050522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003372

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