secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001193125-23-205632
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman reports Q2 revenue $82.8M (+33% YoY), net loss $0.6M; raises FY23 guidance
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- Gross revenue $82.8M vs $62.4M YoY; net loss $(0.6)M vs $(0.3)M.
- Adjusted EBITDA $11.1M (+46%); net service billing $73.8M (+31%).
- Backlog $295M, up 43% YoY; closed 5 acquisitions with ~$36M annualized revenue.
- FY23 outlook raised: net service billing $300-$315M, adjusted EBITDA $47-$52M.
- Credit facility expanded to $70M from $50M via amendment, term extended to July 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523205632/0001193125-23-205632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523205632/d505373d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-205632

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