Who is Williams Industrial

Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 56,059 $ 91,571 $ 125,618 $ 152,422
Cost of revenue 53,778 82,218 117,628 136,971
Gross profit 2,281 9,353 7,990 15,451
Operating expenses        
Selling and marketing expenses 402 231 732 442
General and administrative expenses 6,294 6,372 12,365 12,683
Depreciation and amortization expense 46 46 112 87
Total operating expenses 6,742 6,649 13,209 13,212
Operating income (loss) (4,461) 2,704 (5,219) 2,239
Interest expense, net        
Interest expense, net 1,261 1,213 2,480 2,506
Other income, net (240) (1,232) (419) (1,592)
Total other (income) expense, net 1,021 (19) 2,061 914
Income (loss) from continuing operations before income tax (5,482) 2,723 (7,280) 1,325
Income tax expense (benefit) (171) 77 58 262
Income (loss) from continuing operations (5,311) 2,646 (7,338) 1,063
Discontinued operations:        
Income (loss) from discontinued operations before income tax (47) 243 (47) 164
Income tax expense (benefit) (640) 18 (623) 37
Income (loss) from discontinued operations 593 225 576 127
Net income (loss) $ (4,718) $ 2,871 $ (6,762) $ 1,190
Basic loss per common share        
Income (loss) from continuing operations $ (0.20) $ 0.10 $ (0.28) $ 0.04
Income from discontinued operations 0.02 0.01 0.02 0.01
Basic income (loss) per common share (0.18) 0.11 (0.26) 0.05
Diluted income (loss) per common share        
Income (loss) from continuing operations (0.20) 0.10 (0.28) 0.04
Income from discontinued operations 0.02 0.01 0.02 0.01
Diluted income (loss) per common share $ (0.18) $ 0.11 $ (0.26) $ 0.05

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