2023-05-11 07:06:08 ET
- Broadwind press release ( NASDAQ: BWEN ): Q1 Non-GAAP EPS of $0.07 beats by $0.12 .
- Revenue of $48.9M (+17.0% Y/Y) beats by $0.77M .
- The company reported adjusted EBITDA, a non-GAAP measure, of $4.1 million in the first quarter 2023, an increase of $4.1 million when compared to the prior-year period.
- Total backlog of $287.8 million, +$170.7 million y/y.
- Total gross profit of $7.0 million, +$5.0 million y/y.
- FULL-YEAR 2023 FINANCIAL GUIDANCE : Broadwind provided updated full-year 2023 financial guidance on April 20, 2023.
- Total revenue of between $205 million to $220 million vs. consensus of $213.15B.
- Anticipate positive GAAP net income for the full-year 2023.
- Total non-GAAP adjusted EBITDA of between $16 million to $18 million.
For further details see:
Broadwind beats Q1 top and bottom line estimates; updates FY23 outlook