Who is Williams Industrial

Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 56,685 $ 73,351 $ 182,303 $ 225,773
Cost of revenue 55,936 66,590 173,564 203,561
Gross profit 749 6,761 8,739 22,212
Operating expenses        
Selling and marketing expenses 322 267 1,054 709
General and administrative expenses 6,657 4,248 19,022 16,931
Depreciation and amortization expense 61 50 173 137
Total operating expenses 7,040 4,565 20,249 17,777
Operating income (loss) (6,291) 2,196 (11,510) 4,435
Interest expense, net        
Interest expense, net 1,485 1,227 3,965 3,733
Other (income) expense, net (11,114) 181 (11,533) (1,411)
Total other (income) expense, net (9,629) 1,408 (7,568) 2,322
Income (loss) from continuing operations before income tax 3,338 788 (3,942) 2,113
Income tax expense (benefit) (272) (6) (214) 256
Income (loss) from continuing operations 3,610 794 (3,728) 1,857
Discontinued operations:        
Income (loss) from discontinued operations before income tax (45) (34) (92) 130
Income tax expense (benefit) (3) 22 (626) 59
Income (loss) from discontinued operations (42) (56) 534 71
Net income (loss) $ 3,568 $ 738 $ (3,194) $ 1,928
Basic income (loss) per common share        
Income (loss) from continuing operations $ 0.14 $ 0.03 $ (0.14) $ 0.07
Income (loss) from discontinued operations   0.00 0.02 0.00
Basic income (loss) per common share 0.14 0.03 (0.12) 0.07
Diluted income (loss) per common share        
Income (loss) from continuing operations 0.14 0.03 (0.14) 0.07
Income (loss) from discontinued operations (0.01) 0.00 0.02 0.00
Diluted income (loss) per common share $ 0.13 $ 0.03 $ (0.12) $ 0.07

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