Broadwind Announces First Quarter 2026 Results
Rhea-AI Summary
Broadwind (Nasdaq: BWEN) reported first quarter 2026 revenue of $34.1 million, down 7.5% year-over-year, with a GAAP net loss of $0.5 million, or $0.02 per diluted share. Non-GAAP Adjusted EBITDA was $2.2 million, or 6.5% of revenue.
Total orders reached $37.4 million, up 23% year-over-year. Gearing and Industrial Solutions revenue grew 42% and 64%, respectively, while Heavy Fabrications revenue declined 35%. Broadwind sold its Abilene facility in April 2026 for net cash proceeds of approximately $17.2 million and plans to exit wind tower production in the third quarter 2026.
AI-generated analysis. Not financial advice.
Positive
- Total orders increased 23% year-over-year to $37.4 million
- Gearing segment revenue rose 42% to $8.5 million
- Industrial Solutions revenue grew 64% to $9.2 million
- Gearing operating loss narrowed to $0.1 million from $0.9 million
- Industrial Solutions operating income increased to $1.6 million from $0.3 million
- Abilene facility sale generated approximately $17.2 million in net cash
- Net debt to trailing twelve-month Adjusted EBITDA at 1.7x as of March 31, 2026
- Record Industrial Solutions backlog of $43.3 million; Gearing backlog $30.5 million
Negative
- Total revenue decreased 7.5% year-over-year to $34.1 million
- GAAP net loss widened to $0.5 million from $0.4 million
- Consolidated Adjusted EBITDA declined to $2.2 million from $2.4 million
- Heavy Fabrications revenue fell 35% to $16.4 million
- Heavy Fabrications operating income declined to $0.8 million from $2.2 million
- Raw material supply issue and lower PRS demand impacted Heavy Fabrications performance
- Planned exit from wind tower production expected to result in a smaller company near term
News Market Reaction – BWEN
On the day this news was published, BWEN gained 117.24%, reflecting a significant positive market reaction. Argus tracked a peak move of +130.2% during that session. Our momentum scanner triggered 153 alerts that day, indicating very high trading interest and price volatility. This price movement added approximately $57M to the company's valuation, bringing the market cap to $106.49M at that time. Trading volume was exceptionally heavy at 71.0x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BWEN fell 5.14% while close peers were mixed: SHMD -2.28%, XCH -7.54%, HURC +2.00%, TAYD -2.41%, OPTT +2.09%. This points to a company-specific reaction rather than a uniform sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Q3 2025 earnings | Positive | +18.7% | Strong Q3 growth, raised 2025 revenue guidance, solid adjusted EBITDA and orders. |
| Aug 12 | Q2 2025 earnings | Negative | -14.5% | Net loss despite higher revenue and increased leverage tied to wind production. |
| May 13 | Q1 2025 earnings | Neutral | +2.5% | Revenue decline and loss offset by higher orders and reiterated full-year guidance. |
| Mar 05 | FY 2024 earnings | Neutral | +4.0% | Mixed Q4 results but solid full-year EBITDA, order growth, and higher backlog. |
| Nov 13 | Q3 2024 earnings | Positive | -3.5% | Healthy EBITDA margin and order growth despite revenue pressure and wind weakness. |
Earnings releases have produced mixed but generally moderate moves, with both rallies and selloffs. Positive quarters sometimes saw gains, but there are instances where strong fundamentals or guidance coincided with negative price reactions.
Recent earnings for Broadwind show fluctuating results as the company reshapes its portfolio. Q3 2024 and Q3 2025 delivered solid revenue and adjusted EBITDA with order and backlog strength, while Q2 and Q1 2025 were more mixed, including a swing to net loss and softer segment trends. Balance sheet metrics such as net debt to adjusted EBITDA between 0.6x and 3.0x have remained central. Today’s Q1 2026 report, with lower revenue but strong orders in Gearing and Industrial Solutions, fits into this transition toward power generation and critical infrastructure.
Historical Comparison
In the past five earnings releases, BWEN’s average next-day move was about ±1.44%. Today’s -5.14% reaction to Q1 2026 results is meaningfully larger on the downside than typical earnings-day volatility.
Earnings have reflected a shift away from wind, with growing emphasis on power generation, Industrial Solutions, and Gearing performance.
Market Pulse Summary
The stock surged +117.2% in the session following this news. A strong positive reaction aligns with Broadwind’s history of occasionally rewarding earnings that reinforce its pivot toward power generation and critical infrastructure. Investors have previously reacted strongly to quarters with improving backlog and adjusted EBITDA, as seen in Q3 2025. However, prior selloffs after guidance changes and strategic shifts—such as the May 2026 wind exit—highlight that enthusiasm can fade if future quarters fail to sustain growth and margin improvements.
Key Terms
non-gaap adjusted ebitda financial
net debt financial
backlog financial
credit facility financial
AI-generated analysis. Not financial advice.
CICERO, Illinois, May 12, 2026 (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 first quarter 2026.
FIRST QUARTER 2026 RESULTS
(As compared to the first quarter 2025)
- Total revenue of
$34.1 million - GAAP net loss of (
$0.5) million , or ($0.02) per diluted share - Non-GAAP Adjusted EBITDA of
$2.2 million , or6.5% of total revenue* - Total orders of
$37.4 million , +23% y/y - Ratio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.7x as of March 31, 2026
*For a reconciliation of GAAP to non-GAAP metrics, please see the appendix of this release
MANAGEMENT COMMENTARY
“During the first quarter, we continued to advance our business transformation strategy, while delivering strong revenue growth, margin realization, and order growth in our core gearing and industrial solutions segments,” stated Eric Blashford, President and CEO of Broadwind. “First quarter revenue in the gearing and industrial solutions segments increased more than
“With the recently announced sale of our Abilene facility and related strategic exit from Wind tower production in the third quarter of 2026, Gearing and Industrial Solutions will represent our core businesses, moving forward,” continued Blashford. “Excluding the divested product lines within the Heavy Fabrications segment, Broadwind generated approximately
“While our exit from the Wind market will result in a smaller company over the near term, our remaining businesses are higher-growth, more predictable, and more profitable, with a meaningfully improved quality of earnings profile, going forward,” noted Blashford. “We intend to use our core gearing and industrial solutions segments as a platform upon which to grow a business of increasing scale and profitability, over time.”
“Within the Gearing segment, orders increased
“From the sale of our Abilene facility in April 2026, we received net cash proceeds of approximately
CONSOLIDATED FIRST QUARTER 2026 FINANCIAL RESULTS
Broadwind reported a net loss of (
Revenue decreased
Total orders increased
At the end of the first quarter, Broadwind had total cash on hand and availability under its credit facility of
SEGMENT RESULTS
Heavy Fabrications Segment
Broadwind provides large, complex and precision fabrications, and proprietary industrial processing equipment, to customers in a broad range of industrial markets. Key products include wind towers and compressed natural gas pressure reducing systems.
Heavy Fabrications segment sales decreased by
Gearing Segment
Broadwind provides custom gearboxes, loose gearing, precision machined components and heat treat services to a broad set of customers in diverse markets, including power generation, oil & gas production, surface and underground mining, wind energy, steel, material handling and other infrastructure markets.
Gearing segment sales increased by
Industrial Solutions Segment
Broadwind provides supply chain solutions, light fabrication, inventory management, kitting and assembly services, primarily serving the combined cycle natural gas turbine market as well as other clean technology markets.
Industrial Solutions segment sales increased by
FIRST QUARTER 2026 RESULTS CONFERENCE CALL
Broadwind will host a conference call today, May 12, 2026, at 11:00 a.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 accompanying presentation materials will be available in the Investor Relations section of the Company’s corporate website at https://investors.bwen.com/investors. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.
To participate in the live teleconference:
Live Teleconference: 877-407-9716
To listen to a replay of the teleconference, which will be available through Tuesday, May 19, 2026:
Teleconference Replay: 844-512-2921
Conference ID: 13760011
ABOUT BROADWIND
Broadwind (Nasdaq: BWEN) is a precision manufacturer of structures, equipment and components for power generation, critical infrastructure, and other specialized applications. With facilities throughout the U.S., our talented team is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com
NON-GAAP FINANCIAL MEASURES
The Company provides non-GAAP adjusted EBITDA (earnings before interest, income taxes, depreciation, amortization, share-based compensation and other stock payments, restructuring costs, impairment charges, other non-cash gains and losses, and the gain from the sale of the Manitowoc industrial fabrication operations) as supplemental information regarding the Company’s business performance. The Company’s management uses this supplemental information when it internally evaluates its performance, reviews financial trends and makes operating and strategic decisions. The Company believes that this non-GAAP financial measure is useful to investors because it provides investors with a better understanding of the Company’s past financial performance and future results, which allows investors to evaluate the Company’s performance using the same methodology and information as used by the Company’s management. The Company's definition of adjusted EBITDA may be different from similar non-GAAP financial measures used by other companies and/or analysts.
FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements”—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”), that reflect our current expectations regarding our future growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities, as well as assumptions made by, and information currently available to, our management. We have tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “expect,” “intend,” “will,” “should,” “may,” “plan” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements include any statement that does not directly relate to a current or historical fact. Our forward-looking statements may include or relate to our beliefs, expectations, plans and/or assumptions with respect to the following: (i) the impact of our sale of the Abilene, Texas production facility and its effect on our financial results, (ii) our expectations and beliefs with respect to our financial guidance as set forth in our press releases from time to time, (iii) the impact of global health concerns on the economies and financial markets and the demand for our products; (iv) state, local and federal regulatory frameworks affecting the industries in which we compete, including the wind energy industry, and the related phase out, extension, continuation or renewal of federal tax incentives and grants, including the advanced manufacturing tax credits, and state renewable portfolio standards as well as new or continuing tariffs on steel or other products imported into the United States; (v) our customer relationships and our substantial dependency on a few significant customers and our efforts to diversify our customer base and sector focus and leverage relationships across business units; (vi) our ability to operate our business efficiently, comply with our debt obligations, manage capital expenditures and costs effectively, and generate cash flow; (vii) the economic and operational stability of our significant customers and suppliers, including their respective supply chains, and the ability to source alternative suppliers as necessary; (viii) our ability to continue to grow our business organically and through acquisitions; (ix) the production, sales, collections, customer deposits and revenues generated by new customer orders and our ability to realize the resulting cash flows; (x) information technology failures, network disruptions, cybersecurity attacks or breaches in data security; (xi) the sufficiency of our liquidity and alternate sources of funding, if necessary; (xii) our ability to realize revenue from customer orders and backlog; (xiii) the economy and the potential impact it may have on our business, including our customers; (xiv) the state of the wind energy market and other energy and industrial markets generally, including the availability of tax credits, and the impact of competition and economic volatility in those markets; (xv) the effects of market disruptions and regular market volatility, including fluctuations in the price of oil, gas and other commodities; (xvi) competition from new or existing industry participants including, in particular, increased competition from foreign tower manufacturers; (xvii) the effects of the change of administrations in the U.S. federal government; (xviii) our ability to successfully integrate and operate acquired companies and to identify, negotiate and execute future acquisitions; (xix) the potential loss of tax benefits if we experience an “ownership change” under Section 382 of the Internal Revenue Code of 1986, as amended; (xx) the effects of proxy contests and actions of activist stockholders; (xxi) the limited trading market for our securities and the volatility of market price for our securities; (xxii) our outstanding indebtedness and its impact on our business activities (including our ability to incur additional debt in the future); and (xxiii) the impact of future sales of our common stock or securities convertible into our common stock on our stock price. These statements are based on information currently available to us and are subject to various risks, uncertainties and other factors that could cause our actual growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities to differ materially from those expressed in, or implied by, these statements including, but not limited to, those set forth under the caption “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025. We are under no duty to update any of these statements. You should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or other factors that could cause our current beliefs, expectations, plans and/or assumptions to change. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results.
| BROADWIND, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS) (UNAUDITED) | |||||||||
| March 31, | December 31, | ||||||||
| 2026 | 2025 | ||||||||
| ASSETS | |||||||||
| CURRENT ASSETS: | |||||||||
| Cash | $ | 943 | $ | 456 | |||||
| Accounts receivable, net | 15,993 | 15,836 | |||||||
| AMP credit receivable | 2,572 | 2,564 | |||||||
| Contract assets | 314 | 900 | |||||||
| Inventories | 42,743 | 42,008 | |||||||
| Prepaid expenses and other current assets | 2,025 | 2,503 | |||||||
| Total current assets | 64,590 | 64,267 | |||||||
| LONG-TERM ASSETS: | |||||||||
| Property and equipment, net | 40,899 | 39,464 | |||||||
| Operating lease right-of-use assets, net | 11,445 | 11,892 | |||||||
| Intangible assets, net | 619 | 741 | |||||||
| Other assets | 415 | 441 | |||||||
| TOTAL ASSETS | $ | 117,968 | $ | 116,805 | |||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
| CURRENT LIABILITIES: | |||||||||
| Line of credit and current maturities of long-term debt | $ | 5,946 | $ | 5,036 | |||||
| Current portion of finance lease obligations | 2,028 | 2,111 | |||||||
| Current portion of operating lease obligations | 1,823 | 2,306 | |||||||
| Accounts payable | 17,613 | 17,357 | |||||||
| Accrued liabilities | 3,831 | 2,182 | |||||||
| Customer deposits | 2,377 | 2,692 | |||||||
| Total current liabilities | 33,618 | 31,684 | |||||||
| LONG-TERM LIABILITIES: | |||||||||
| Long-term debt, net of current maturities | 4,807 | 5,094 | |||||||
| Long-term finance lease obligations, net of current portion | 2,212 | 2,482 | |||||||
| Long-term operating lease obligations, net of current portion | 11,132 | 11,252 | |||||||
| Other | 22 | 4 | |||||||
| Total long-term liabilities | 18,173 | 18,832 | |||||||
| COMMITMENTS AND CONTINGENCIES | |||||||||
| STOCKHOLDERS' EQUITY: | |||||||||
| Preferred stock, | |||||||||
| or outstanding | - | - | |||||||
| Common stock, | |||||||||
| and 23,584,677 shares issued as of March 31, 2026 and | |||||||||
| December 31, 2025, respectively | 24 | 24 | |||||||
| Treasury stock, at cost, 273,937 shares as of March 31, 2026 and December 31, 2025, | |||||||||
| respectively | (1,842 | ) | (1,842 | ) | |||||
| Additional paid-in capital | 403,593 | 403,210 | |||||||
| Accumulated deficit | (335,598 | ) | (335,103 | ) | |||||
| Total stockholders' equity | 66,177 | 66,289 | |||||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 117,968 | $ | 116,805 | |||||
| BROADWIND, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Revenues | $ | 34,057 | $ | 36,838 | ||||
| Cost of sales | 29,364 | 32,512 | ||||||
| Gross profit | 4,693 | 4,326 | ||||||
| OPERATING EXPENSES: | ||||||||
| Selling, general and administrative | 4,182 | 3,977 | ||||||
| Intangible amortization | 122 | 165 | ||||||
| Total operating expense, net | 4,304 | 4,142 | ||||||
| Operating income | 389 | 184 | ||||||
| OTHER EXPENSE, net: | ||||||||
| Interest expense, net | (808 | ) | (516 | ) | ||||
| Other, net | (2 | ) | (2 | ) | ||||
| Total other expense, net | (810 | ) | (518 | ) | ||||
| Net loss before provision for income taxes | (421 | ) | (334 | ) | ||||
| Provision for income taxes | 74 | 36 | ||||||
| NET LOSS | $ | (495 | ) | $ | (370 | ) | ||
| NET LOSS PER COMMON SHARE - BASIC: | ||||||||
| Net loss | $ | (0.02 | ) | $ | (0.02 | ) | ||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC | 23,338 | 22,361 | ||||||
| NET LOSS PER COMMON SHARE - DILUTED: | ||||||||
| Net loss | $ | (0.02 | ) | $ | (0.02 | ) | ||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED | 23,338 | 22,361 | ||||||
| BROADWIND, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) (UNAUDITED) | |||||||||
| Three Months Ended March 31, | |||||||||
| 2026 | 2025 | ||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
| Net loss | $ | (495 | ) | $ | (370 | ) | |||
| Adjustments to reconcile net cash provided by (used in) operating activities: | |||||||||
| Depreciation and amortization expense | 1,479 | 1,702 | |||||||
| Deferred income taxes | 17 | (11 | ) | ||||||
| Stock-based compensation | 158 | 189 | |||||||
| Allowance for credit losses | (13 | ) | (16 | ) | |||||
| Common stock issued under defined contribution 401(k) plan | 225 | 286 | |||||||
| Gain on sale of assets | (80 | ) | - | ||||||
| Changes in operating assets and liabilities: | |||||||||
| Accounts receivable | (144 | ) | 2,304 | ||||||
| AMP credit receivable | (8 | ) | (33 | ) | |||||
| Contract assets | 585 | (90 | ) | ||||||
| Inventories | (735 | ) | (9,566 | ) | |||||
| Prepaid expenses and other current assets | 480 | (394 | ) | ||||||
| Accounts payable | 232 | 6,815 | |||||||
| Accrued liabilities | 1,649 | 285 | |||||||
| Customer deposits | (315 | ) | (9,161 | ) | |||||
| Other non-current assets and liabilities | (130 | ) | 23 | ||||||
| Net cash provided by (used in) operating activities | 2,905 | (8,037 | ) | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
| Purchases of property and equipment | (2,778 | ) | (916 | ) | |||||
| Net proceeds from disposals of property and equipment | 90 | - | |||||||
| Net cash used in investing activities | (2,688 | ) | (916 | ) | |||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
| Proceeds from line of credit, net | 924 | 3,356 | |||||||
| Payments on long-term debt | (281 | ) | (361 | ) | |||||
| Payments for deferred financing costs | (20 | ) | - | ||||||
| Payments on finance leases | (353 | ) | (363 | ) | |||||
| Shares withheld for taxes in connection with issuance of restricted stock | - | (196 | ) | ||||||
| Net cash provided by financing activities | 270 | 2,436 | |||||||
| NET INCREASE (DECREASE) IN CASH | 487 | (6,517 | ) | ||||||
| CASH beginning of the period | 456 | 7,721 | |||||||
| CASH end of the period | $ | 943 | $ | 1,204 | |||||
| BROADWIND, INC. AND SUBSIDIARIES SELECTED SEGMENT FINANCIAL INFORMATION (IN THOUSANDS) (UNAUDITED) | |||||||
| Three Months Ended | |||||||
| March 31, | |||||||
| 2026 | 2025 | ||||||
| ORDERS: | |||||||
| Heavy Fabrications | $ | 9,667 | $ | 12,391 | |||
| Gearing | 13,187 | 7,960 | |||||
| Industrial Solutions | 14,568 | 10,104 | |||||
| Total orders | $ | 37,422 | $ | 30,455 | |||
| REVENUES: | |||||||
| Heavy Fabrications | $ | 16,367 | $ | 25,248 | |||
| Gearing | 8,454 | 5,966 | |||||
| Industrial Solutions | 9,236 | 5,647 | |||||
| Corporate and Other | - | (23 | ) | ||||
| Total revenues | $ | 34,057 | $ | 36,838 | |||
| OPERATING INCOME/(LOSS): | |||||||
| Heavy Fabrications | $ | 787 | $ | 2,241 | |||
| Gearing | (57 | ) | (892 | ) | |||
| Industrial Solutions | 1,626 | 330 | |||||
| Corporate and Other | (1,967 | ) | (1,495 | ) | |||
| Total operating income (loss) | $ | 389 | $ | 184 | |||
| BROADWIND, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (IN THOUSANDS) (UNAUDITED) | |||||||
| Consolidated | Three Months Ended March 31, | ||||||
| 2026 | 2025 | ||||||
| Net Loss | $ | (495 | ) | $ | (370 | ) | |
| Interest Expense | 808 | 516 | |||||
| Income Tax Provision | 74 | 36 | |||||
| Depreciation and Amortization | 1,479 | 1,702 | |||||
| Share-based Compensation and Other Stock Payments | 343 | 484 | |||||
| Adjusted EBITDA (Non-GAAP) | $ | 2,209 | $ | 2,368 | |||
| Heavy Fabrications Segment | Three Months Ended March 31, | ||||||
| 2026 | 2025 | ||||||
| Net Income | $ | 565 | $ | 1,717 | |||
| Interest Expense | 358 | 147 | |||||
| Income Tax (Benefit) Provision | (135 | ) | 378 | ||||
| Depreciation | 837 | 1,021 | |||||
| Share-based Compensation and Other Stock Payments | 82 | 185 | |||||
| Adjusted EBITDA (Non-GAAP) | $ | 1,707 | $ | 3,448 | |||
| Gearing Segment | Three Months Ended March 31, | ||||||
| 2026 | 2025 | ||||||
| Net Loss | $ | (113 | ) | $ | (961 | ) | |
| Interest Expense | 50 | 63 | |||||
| Income Tax Provision | 6 | 6 | |||||
| Depreciation and Amortization | 530 | 549 | |||||
| Share-based Compensation and Other Stock Payments | 85 | 99 | |||||
| Adjusted EBITDA (Non-GAAP) | $ | 558 | $ | (244 | ) | ||
| Industrial Solutions Segment | Three Months Ended March 31, | ||||||
| 2026 | 2025 | ||||||
| Net Income | $ | 1,397 | $ | 196 | |||
| Interest Expense | 172 | 114 | |||||
| Income Tax Provision | 56 | 13 | |||||
| Depreciation and Amortization | 95 | 114 | |||||
| Share-based Compensation and Other Stock Payments | 47 | 54 | |||||
| Adjusted EBITDA (Non-GAAP) | $ | 1,767 | $ | 491 | |||
| Corporate and Other | Three Months Ended March 31, | ||||||
| 2026 | 2025 | ||||||
| Net Loss | $ | (2,344 | ) | $ | (1,322 | ) | |
| Interest Expense | 228 | 192 | |||||
| Income Tax Provision (Benefit) | 147 | (361 | ) | ||||
| Depreciation and Amortization | 17 | 18 | |||||
| Share-based Compensation and Other Stock Payments | 129 | 146 | |||||
| Adjusted EBITDA (Non-GAAP) | $ | (1,823 | ) | $ | (1,327 | ) | |
IR CONTACT Noel Ryan or Brian Hawthorne BWEN@val-adv.com