---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-006730"
form_type: "8-K"
ticker: "SMID"
cik: "0000924719"
company_name: "SMITH MIDLAND CORP"
filed_at: "2022-05-13T23:59:59+00:00"
generated_at: "2026-06-25T17:27:14.597066+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-006730
- form_type: 8-K
- ticker: SMID
- cik: 0000924719
- company_name: SMITH MIDLAND CORP
- filed_at: 2022-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924719/000165495422006730/0001654954-22-006730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495422006730/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-006730
- JSON: https://secwatch.observer/filing/0001654954-22-006730.json
- Plain text: https://secwatch.observer/filing/0001654954-22-006730.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.