secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MIDLAND CORP (SMID)
CIK:        0000924719
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001654954-23-006731
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith-Midland Q1 revenue up 23% to $12.8M; net income $0.02/share, backlog $51.4M
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- Revenue $12.8M (+23% YoY); product sales $8.2M (+41%), service revenue flat at $4.6M.
- Net income $80k ($0.02 diluted) vs net loss $119k in Q1 2022; operating income $54k.
- Backlog $51.4M as of May 2023; awarded $6M architectural panels and $5M SoftSound noise wall contracts.
- Cash $3.9M, debt $6.2M at March 31, 2023; capital spending $1.2M in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924719/000165495423006731/0001654954-23-006731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924719/000165495423006731/smid_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006731

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