{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-012805","form_type":"8-K","ticker":"SMID","cik":"0000924719","company_name":"SMITH MIDLAND CORP","filed_at":"2023-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.427904+00:00","generated_at":"2026-06-10T01:56:39.883152+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Smith-Midland Q2 revenue up 11% to $14.7M but net loss of $782K due to panel rework and wire fraud","bullets":["Revenue $14.7M (+11% YoY); product sales $10.7M (+58% YoY) driven by Soundwall and SlenderWall.","Net loss of $782K ($0.15 loss per share) vs net income of $910K ($0.17 EPS) in Q2 2022.","Gross margin fell to 12.2% from 24.4% due to $400K cost for remaking architectural panels and lower-margin product mix.","Cybersecurity incident caused $342K wire fraud loss; $67K recovered from insurance; further recovery expected.","Record backlog of $60.9M as of Aug 1, 2023, with preliminary Q3 2023 revenue growth exceeding 20% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-012805","json":"https://secwatch.observer/filing/0001654954-23-012805.json","markdown":"https://secwatch.observer/filing/0001654954-23-012805.md","text":"https://secwatch.observer/filing/0001654954-23-012805.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924719/000165495423012805/0001654954-23-012805-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924719/000165495423012805/smid_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:56:39.883152+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"67fbf6dec93683ba4de9986c6a73eed47ac988fb","claim":"SMITH MIDLAND CORP reported the second quarter of 2023 results: revenue $14.7 million, net income loss per share of $0.15, EPS $0.15.","evidence_excerpt":"Financial Officer 3 --- EX-99.1 (EX-99.1) --- smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports Second Quarter 2023 Financial Results Revenue Increased 11% from Prior Year to $14.7 Million; Record Backlog of $60.9 Million Announces Preliminary Third Quarter Year-over-Year Revenue Growth in Excess of 20% MIDLAND, VA – October 11, 2023 – Smith-Midland Corporation","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924719/000165495423012805/0001654954-23-012805-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Revenue","value":"$14.7 million"},{"label":"Net income","value":"loss per share of $0.15"},{"label":"EPS","value":"$0.15"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}