Broadwind, Inc. 10-Q: Debt Steady, Cash Dips
Ticker: BWEN · Form: 10-Q · Filed: Nov 13, 2024 · CIK: 1120370
| Field | Detail |
|---|---|
| Company | Broadwind, Inc. (BWEN) |
| Form Type | 10-Q |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financials, quarterly-report
Related Tickers: BWEN
TL;DR
BWND 10-Q: Debt flat at $45M, cash down slightly to $21.8M. Watch for future funding needs.
AI Summary
Broadwind, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported significant changes in its financial structure, including a substantial increase in long-term debt from $45 million to $45 million, and a decrease in cash and cash equivalents from $22.39 million to $21.84 million. The filing also details restricted stock units and variable lease costs.
Why It Matters
This filing provides insight into Broadwind's financial health and operational adjustments, which could impact its ability to fund future projects and its overall market valuation.
Risk Assessment
Risk Level: medium — The company's financial figures, including debt levels and cash flow, indicate potential financial pressures that warrant careful monitoring.
Key Numbers
- $45.0B — Long-term debt (Represents the company's total long-term debt obligations.)
- $21.8B — Cash and cash equivalents (Indicates the company's available liquid assets at the end of the reporting period.)
- 811,342 — Restricted stock units (Number of RSUs granted and outstanding, noted as anti-dilutive in prior periods.)
Key Players & Entities
- BROADWIND, INC. (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241113 (date) — Filing Date
- $45,000,000 (dollar_amount) — Long-term debt
- $22,387,984 (dollar_amount) — Cash and cash equivalents at beginning of period
- $21,840,301 (dollar_amount) — Cash and cash equivalents at end of period
FAQ
What was the net change in Broadwind's cash and cash equivalents during the nine months ended September 30, 2024?
Cash and cash equivalents decreased from $22,387,984 as of December 31, 2023, to $21,840,301 as of September 30, 2024.
What is the total amount of Broadwind's long-term debt as reported in this 10-Q?
Broadwind reported long-term debt of $45,000,000 as of September 30, 2024.
What specific costs are included in Broadwind's variable lease costs?
Variable lease costs primarily consist of taxes, insurance, utilities, and common area or other maintenance costs for the Company’s leased facilities and equipment.
Why were restricted stock units excluded from the computation of diluted earnings for the nine months ended September 30, 2022?
Restricted stock units were excluded due to their anti-dilutive effect resulting from the Company's net loss for the period.
What is Broadwind, Inc.'s fiscal year end?
Broadwind, Inc.'s fiscal year ends on December 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on November 13, 2024 regarding BROADWIND, INC. (BWEN).