Smith-midland reports second quarter 2023 financial results

Revenue increased 11% from prior year to $14.7 million; record backlog of $60.9 million announces preliminary third quarter year-over-year revenue growth in excess of 20% midland, va / accesswire / october 11, 2023 / smith-midland corporation (nasdaq:smid) a provider of innovative, high-quality proprietary and patented precast concrete products and systems announced its second quarter results for the period ended june 30, 2023. second quarter 2023 summary compared to second quarter 2022 revenue increased 11 percent from the prior year quarter to $14.7 million product sales increased 58 percent from the prior year quarter to $10.7 million net loss of $782,000, or loss per share of $0.15, primarily related to a pair of items isolated to the quarter selected to produce slenderwall architectural precast panels for $4.5 million hospital project awarded $2.1 million contract for architectural panels for bmw's campus in south carolina the company's second quarter 10-q filing was delayed due to the transition to a new independent registered accounting firm.
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