Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements of Operations        
Revenue $ 147,768 $ 135,062 $ 414,472 $ 395,142
Cost of revenue 129,977 124,372 359,247 355,367
Gross profit 17,791 10,690 55,225 39,775
Operating expenses:        
Selling, general and administrative expenses 16,568 13,325 49,691 42,676
Amortization of intangibles 149 304 499 975
Total operating expenses 16,717 13,629 50,190 43,651
Operating income (loss) 1,074 (2,939) 5,035 (3,876)
Other income (expenses):        
Interest expense, net (1,759) (787) (4,190) (2,355)
Gain on disposition of property and equipment 17 36 38 76
Loss on debt extinguishment 0 0 (513) 0
Gain on change in fair value of warrant liability 525 0 422 0
Impairment of goodwill (4,359) 0 (4,359) 0
Total other expenses (5,576) (751) (8,602) (2,279)
Loss before income taxes (4,502) (3,690) (3,567) (6,155)
Income tax benefit (1,090) (185) (797) (936)
Net loss (3,412)   (2,770) (5,219)
Dividends on cumulative redeemable convertible preferred stock 0 0 0 (113)
Premium paid on partial preferred redemption 0 0 0 2,219
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (3,412) $ (3,505) $ (2,770) $ (7,325)
Basic loss per share for common stock:        
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (0.44) $ (0.46) $ (0.36) $ (0.97)
Diluted loss per share for common stock:        
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (0.44) $ (0.46) $ (0.36) $ (0.97)
Weighted average number of shares outstanding:        
Basic 7,673,517 7,574,545 7,653,372 7,552,945
Diluted 7,673,517 7,574,545 7,653,372 7,552,945