Smith-Midland Q3 net income $5K on revenue $12M; backlog hit record $51.4M

SMITH MIDLAND CORP

2022-Q3 EPS reported $0.15 revenue$35,644,000

Revenue $12.0M (down 8.4% YoY); net income $5K ($0.00 EPS) vs $3.7M ($0.71) including $2.7M PPP gain.
Record backlog of $51.4M (+80% YoY); awarded $8.6M NCDOT contract post-quarter.
Royalty revenue $833K (+23%); Easi-Set building revenue $1.523M (+168%).
Cash $10.8M, debt $6.6M; capital spending $1.8M vs $0.3M in Q3 2021.
Completed crash test for low-profile barriers targeting Texas and Florida markets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SMITH MIDLAND CORP reported third quarter ended September 30, 2022 results: revenue $12.0 million, net income $5,000, EPS breakeven on a diluted share basis.

Period: third quarter ended September 30, 2022
Revenue: $12.0 million
Net income: $5,000
EPS: breakeven on a diluted share basis
Result: reported results

Exact text from the filing

80 percent to $51.4 million, a record for the Company · Royalty revenue increased 23% to $833,000 · Easi-Set building revenue increased 168% to $1,523,000 · Total revenue of $12.0 million, compared to $13.1 million · Product sales of $7.1 million, compared to $7.2 million Additional Items Subsequent to the Quarter · Awarded $8.6 million contract (included in

View on SEC.gov

Browse all earnings releases →

SMITH MIDLAND CORP filing history →

Source: SEC EDGAR

accession 0001654954-22-014652

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.