Who is Williams Industrial

Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 69,559 $ 60,851
Cost of revenue 63,850 54,753
Gross profit 5,709 6,098
Operating expenses    
Selling and marketing expenses 330 211
General and administrative expenses 6,071 6,311
Depreciation and amortization expense 66 41
Total operating expenses 6,467 6,563
Operating loss (758) (465)
Interest expense, net    
Interest expense 1,219 1,293
Other income, net (179) (360)
Total other expense, net 1,040 933
Loss from continuing operations before income tax (1,798) (1,398)
Income tax expense 229 185
Loss from continuing operations (2,027) (1,583)
Discontinued operations:    
Loss from discontinued operations before income tax   (79)
Income tax expense 17 19
Loss from discontinued operations (17) (98)
Net loss $ (2,044) $ (1,681)
Basic loss per common share    
Loss from continuing operations $ (0.08) $ (0.06)
Loss from discontinued operations   (0.01)
Basic loss per common share (0.08) (0.07)
Diluted loss per common share    
Loss from continuing operations (0.08) (0.06)
Loss from discontinued operations   (0.01)
Diluted loss per common share $ (0.08) $ (0.07)

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