---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-014652"
form_type: "8-K"
ticker: "SMID"
cik: "0000924719"
company_name: "SMITH MIDLAND CORP"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T11:17:07.951167+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-014652
- form_type: 8-K
- ticker: SMID
- cik: 0000924719
- company_name: SMITH MIDLAND CORP
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924719/000165495422014652/0001654954-22-014652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495422014652/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-014652
- JSON: https://secwatch.observer/filing/0001654954-22-014652.json
- Plain text: https://secwatch.observer/filing/0001654954-22-014652.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/924719/000165495422014652/0001654954-22-014652-index.htm

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