Who is Williams Industrial

Income Statement

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 83,343 $ 56,059 $ 186,813 $ 125,618
Cost of revenue 87,293 53,778 183,072 117,628
Gross profit (loss) (3,950) 2,281 3,741 7,990
Operating expenses        
Selling and marketing expenses 182 402 318 732
General and administrative expenses 5,976 6,294 11,905 12,365
Depreciation and amortization expense 43 46 98 112
Total operating expenses 6,201 6,742 12,321 13,209
Operating loss (10,151) (4,461) (8,580) (5,219)
Interest expense, net        
Interest expense, net 1,971 1,261 3,764 2,480
Goodwill and intangible impairment expense 47,900   47,900  
Income expense, net (86) (240) (147) (419)
Total other expense, net 49,785 1,021 51,517 2,061
Loss from continuing operations before income tax (59,936) (5,482) (60,097) (7,280)
Income tax expense (benefit) (3,162) (171) (3,177) 58
Loss from continuing operations (56,774) (5,311) (56,920) (7,338)
Discontinued operations:        
Loss from discontinued operations before income tax (44) (47) (88) (47)
Income tax benefit (721) (640) (718) (623)
Income from discontinued operations 677 593 630 576
Net loss $ (56,097) $ (4,718) $ (56,290) $ (6,762)
Basic income (loss) per common share        
Loss from continuing operations $ (2.13) $ (0.20) $ (2.14) $ (0.28)
Income from discontinued operations 0.03 0.02 0.02 0.02
Basic loss per common share (2.10) (0.18) (2.12) (0.26)
Diluted income (loss) per common share        
Loss from continuing operations (2.13) (0.20) (2.14) (0.28)
Income from discontinued operations 0.03 0.02 0.02 0.02
Diluted loss per common share $ (2.10) $ (0.18) $ (2.12) $ (0.26)

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