secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001171843-23-001517
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadwind Q4 revenue up 54% to $40.1M; guides FY2023 revenue $200-220M, adj. EBITDA $14-16M
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- Q4 revenue $40.1M (+54% YoY); net loss ($2.9M) or ($0.14)/share vs ($4.1M) loss in Q4 2021.
- FY2022 revenue $176.8M (+21% YoY); adjusted EBITDA $2.4M, +$5.3M YoY excluding PPP/ERC benefits.
- Year-end backlog $297.2M, near-record; Jan 2023 received $175M in new tower orders from a leading wind turbine maker.
- FY2023 guidance: revenue $200-220M, adj. EBITDA $14-16M; expects IRA tax credits to improve margins.
- Cash & liquidity $40.1M at year-end, up from $14.8M in Q3; net leverage 0.7x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184323001517/0001171843-23-001517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184323001517/f8k_030823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001517

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