Smith-Midland Q1 revenue down 31% to $10.4M; net loss $0.1M vs prior year profit

SMITH MIDLAND CORP

2022-Q1 EPS reported -$0.02 revenue$10,435,000

Revenue $10.4M (down 31% YoY); operating loss $0.2M vs operating income $3.8M in Q1 2021.
Net loss $0.1M ($0.02 loss per share) vs net income $2.9M ($0.55 EPS) in prior year.
Backlog up 13% to $32.7M; core rental barrier fleet revenue grew 12% despite total rental revenue decline.
Subsequent awards: $6.6M NC plant contract (largest ever), $2M HRBT soundwall contract; rental fleet to more than double.
Company attributes results to non-recurring special projects and operational delays; cash $14.8M, debt $6.9M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.