Who is Williams Industrial

Income Statement

v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 103,470,000 $ 69,559,000
Cost of revenue 95,779,000 63,850,000
Gross profit 7,691,000 5,709,000
Operating expenses    
Selling and marketing expenses 136,000 330,000
General and administrative expenses 5,929,000 6,071,000
Depreciation and amortization expense 55,000 66,000
Total operating expenses 6,120,000 6,467,000
Operating income (loss) 1,571,000 (758,000)
Interest expense, net    
Interest expense, net 1,793,000 1,219,000
Other income, net (61,000) (179,000)
Total other expense, net 1,732,000 1,040,000
Loss from continuing operations before income tax (161,000) (1,798,000)
Income tax expense (benefit) (14,567) 229,000
Loss from continuing operations (146,000) (2,027,000)
Discontinued operations:    
Loss from discontinued operations before income tax (44,000)  
Income tax expense 3,000 17,000
Loss from discontinued operations (47,000) (17,000)
Net loss $ (193,000) $ (2,044,000)
Basic loss per common share    
Loss from continuing operations $ (0.01) $ (0.08)
Basic loss per common share (0.01) (0.08)
Diluted loss per common share    
Loss from continuing operations (0.01) (0.08)
Diluted loss per common share $ (0.01) $ (0.08)

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