If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period to comply with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ The number of shares of the Registrant's common stock, par value $0.001, outstanding as of February 29, 2024, was 21,566,364. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant's Proxy Statement for the Registrant's 2024 Annual Meeting of Stockholders ...

CICERO, Ill., March 05, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the fourth quarter and full-year 2023. Total revenue of $46.6 million, +16.3% y/y Total gross profit of $7.0 million, +$4.5 million y/y Net income of $1.1 million, or $0.05 per diluted share Total non-GAAP adjusted EBITDA of $4.4 million, +$4.3 million y/y Total tower sections sold +37.5% ...

CICERO, Ill., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue fourth quarter and full-year 2023 results before the market opens on Tuesday, March 5, 2024. A conference call will be held that same day at 12:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and acc ...

While the concept of undervalued stocks under $5 sounds straightforward enough, investors need to apply more caution in this arena rather than for securities that are near the good side of $50. Fundamentally, it just comes down to this reality: if a publicly traded company drops that low, there might be a reason for it.At the same time, you’re not going to get rich just by exclusively betting on enterprises that everybody else believes in. Put another way, the reason why blue chips represent stable investme ...

Broadwind, Inc. (NASDAQ:BWEN) Q3 2023 Results Conference Call November 13, 2023 12:00 PM ET Company Participants Eric Blashford - CEO Tom Ciccone - VP, CFO Conference Call Participants Amit Dayal - H.C. Wainwright Martin Malloy - Johnson Rice Eric Stine - Craig-Hallum Justin Clare - ROTH MKM Operator Greetings, and welcome to Broadwind's Third Quarter 2023 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your ...

Financial Performance - Revenues for the three months ended September 30, 2023, were $57,163, representing a 27.5% increase from $44,843 in the same period of 2022[67] - Gross profit for the third quarter of 2023 was $10,167, a significant increase of 171.3% compared to $3,748 in the third quarter of 2022[67] - Net income for the three months ended September 30, 2023, was $4,394, compared to a net loss of $1,772 in the same period of 2022, marking a 348.0% improvement[68] - For the nine months ended September 30, 2023, revenues increased by $20,180, driven by higher sales across all segments, with wind tower revenue up 13%[73] - The Industrial Solutions segment revenue increased by 46% for the nine months ended September 30, 2023, primarily due to higher shipments of Pressure Reducing Systems[73] Operating Expenses and Cash Flow - Total operating expenses for the third quarter of 2023 were $4,800, representing 8.4% of total revenue, compared to 9.5% in the same quarter of 2022[67] - Net cash used in operating activities for the nine months ended September 30, 2023, totaled $22,593, an increase from $10,271 in the prior year period, mainly due to a rise in accounts receivable[81] - Interest expense for the third quarter of 2023 was $932, a decrease of 24.5% from $1,234 in the same period of 2022[67] Market Demand and Orders - Gearing segment orders decreased by 81% year-over-year, primarily due to reduced demand from oil & gas, mining, and industrial customers[70] Corporate Actions - The Company filed a shelf registration statement on Form S-3 on September 22, 2023, allowing for the offering of various securities for general corporate purposes[79]

Broadwind, Inc. (NASDAQ:BWEN) Q2 2023 Earnings Conference Call August 14, 2023 11:00 AM ET Company Participants Tom Ciccone - CFO Eric Blashford - President and CEO Conference Call Participants Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Justin Clare - ROTH MKM Operator Greetings, and welcome to Broadwind's Second Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instruc ...

Announced a $175 million wind tower order to be fulfilled in 2023 and 2024 Annual tower production @ 100% utilization(1) 325 towers Average benefit per tower(5) $93,000 Quantifying potential impact of the 45x advanced manufacturing credit (1) Broadwind has an estimated 1,300 sections of annual optimal tower capacity; assuming each tower is four sections, the Company has the theoretical capacity to produce up to 325 towers (2) Common OEM platforms range from 2.8 to 3.4 MW per tower Inflation Reduction Act of ...

The components of inventories as of June 30, 2023 and December 31, 2022 are summarized as follows: NOTE 6 — INTANGIBLE ASSETS As of June 30, 2023, estimated future amortization expense was as follows: | --- | --- | --- | --- | --- | --- | |-------------------------------------------------|-------|-------|-----------------------------|-------|-----------------------------| | Accrued payroll and benefits | | $ | June 30, 2023 \n4,011 | $ | December 31, 2022 \n3,110 | | Accrued property taxes | | | 419 | | 17 ...

Broadwind, Inc. (NASDAQ:BWEN) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Thomas Ciccone - VP & CFO Eric Blashford - CEO, President & Director Conference Call Participants Eric Stine - Craig-Hallum Justin Clare - ROTH MKM Amit Dayal - H.C. Wainwright & Co. Operator Greetings, and welcome to Broadwind's First Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Ope ...