Broadwind Announces Fourth Quarter and Full-Year 2020 Results

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Go back to Broadwind Announces Fourth Quarter and Full-Year 2020 Results

Broadwind Energy (BWEN) Reports In-Line Q4 EPS

February 25, 2021 7:49 AM EST

Broadwind Energy (NASDAQ: BWEN) reported Q4 EPS of ($0.12), in-line with the analyst estimate of ($0.12). Revenue for the quarter came in at $40.3 million versus the consensus estimate of $40.81 million.

FOURTH QUARTER 2020 RESULTS(As compared to the fourth quarter 2019)

Total revenue of $40.3 million, (18%) y/yTotal gross profit of $2.7 million, (33%) y/yTotal net loss of ($2.0) million, or ($0.12) per basic shareTotal non-GAAP adjusted EBITDA of $0.2 million, (87%) y/yTotal cash and excess availability of $24.1 million, +27% y/y

MANAGEMENT COMMENTARY

For the full-year 2020, total revenue, margin capture, free cash flow and... More