secwatch.observer — SEC 8-K summary
======================================

Issuer:     Willdan Group, Inc. (WLDN)
CIK:        0001370450
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001558370-21-010582
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Willdan Q2 net loss $4.6M but adjusted EPS $0.24; LA DWP program restarted, SCE contracts approved
--------------------------------------------------------------------------------

- Q2 contract revenue $84.2M (+0.7%), net revenue $47.3M (+9.4%) YoY.
- GAAP net loss $4.6M ($0.37 loss/share); adjusted net income $3.0M ($0.24/share).
- Adjusted EBITDA $3.3M; operating cash flow negative $6.4M in Q2.
- CEO: restarted largest LA DWP contract on June 28; CPUC approved 3 SoCal Edison contracts.
- Expects 7 new CA IOU contracts to ramp; double-digit organic growth target for 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370450/000155837021010582/0001558370-21-010582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370450/000155837021010582/wldn-20210805x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-010582

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