Shimmick Corp

For the period ended Jun 28, 2024. Filed Aug 16, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 28, 2024 · Filed Aug 16, 2024

SHIM$2.29-1.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended		Six Months Ended
	June 28,	June 30,	June 28,	June 30,
	2024	2023	2024	2023
Revenue	$90,605	$155,189	$210,648	$319,297
Cost of revenue	121,736	155,646	257,639	313,532
Gross margin	(31,131)	(457)	(46,991)	5,765
Selling, general and administrative expenses	18,079	16,943	33,603	32,502
Amortization of intangibles	644	658	1,288	1,316
Total operating expenses	18,723	17,601	34,891	33,818
Equity in (loss) earnings of unconsolidated joint ventures	(1,854)	7,534	(1,591)	6,993
Gain on sale of assets	3,714	140	3,688	1,680
Loss from operations	(47,994)	(10,384)	(79,785)	(19,380)
Interest expense	1,496	576	2,393	607
Other expense (income), net	1,899	(649)	2,545	(343)
Net loss before income tax	(51,389)	(10,311)	(84,723)	(19,644)
Income tax expense	—	—	—	—
Net loss	(51,389)	(10,311)	(84,723)	(19,644)
Net loss attributable to non-controlling interests	-	(11)	(1)	(7)
Net loss attributable to Shimmick Corporation	$(51,389)	$(10,300)	$(84,722)	$(19,637)
Net loss attributable to Shimmick Corporation per common share
Basic	$(1.83)	$(0.47)	$(3.16)	$(0.90)
Diluted	$(1.83)	$(0.47)	$(3.16)	$(0.90)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.