SMITH MIDLAND CORP

For the period ended Sep 30, 2024. Filed Nov 14, 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.

Sep 30, 2024 · Filed Nov 14, 2024

SMID$21.51-17.8%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 Income (Loss)

(in thousands, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue
Product sales	$10,753	$10,898	$34,621	$29,842
Barrier rentals	7,053	784	9,303	2,604
Royalty income	958	822	2,403	1,827
Shipping and installation revenue	4,818	3,147	13,650	8,918
Total revenue	23,582	15,651	59,977	43,191
Cost of sales	17,004	12,074	44,353	35,662
Gross profit	6,578	3,577	15,624	7,529
Operating expenses
General and administrative expenses	1,720	1,187	4,938	4,420
Selling expenses	1,010	888	2,655	2,533
Total operating expenses	2,730	2,075	7,593	6,953
Operating income (loss)	3,848	1,502	8,031	576
Other income (expense)
Interest expense	(56)	(64)	(175)	(192)
Interest income	22	6	36	17
Gain on sale of assets	16	53	19	252
Other income (expense)	14	16	50	72
Total other income (expense)	(4)	11	(70)	149
Income (loss) before income tax expense (benefit)	3,844	1,513	7,961	725
Income tax expense (benefit)	694	247	1,683	160
Net income (loss)	$3,150	$1,266	$6,278	$565
Basic and diluted earnings (loss) per common share	$0.59	$0.24	$1.18	$0.11
Weighted average number of common shares outstanding:
Basic	5,304	5,256	5,283	5,256
Diluted	5,304	5,298	5,283	5,293

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.