secwatch.observer — SEC 8-K summary
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Issuer:     GENCOR INDUSTRIES INC (GENC)
CIK:        0000064472
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0001193125-22-037057
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gencor reports Q1 FY2022 net loss of $0.3M vs net income of $1.6M YoY; backlog rises to $58M
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- Net loss $274,000 ($0.02 per share) vs net income $1.5M ($0.11 per share) in prior year.
- Net revenue $20.1M (+6% YoY); gross margin improved to 18.4% from 15.7%.
- Backlog $58.0M, up 81% from $32.1M a year ago, citing infrastructure bill optimism.
- Cash and marketable securities $116.9M; no debt outstanding.
- Operating loss $(1,043,000) modestly improved from $(1,058,000); higher expenses offset revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64472/000119312522037057/0001193125-22-037057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64472/000119312522037057/d487615d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-037057

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