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Income Statement

Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue $ 135,062 $ 121,299 $ 395,142 $ 354,327
Cost of revenue 124,372 105,889 355,367 309,610
Gross profit 10,690 15,410 39,775 44,717
Operating expenses:        
Selling, general and administrative expenses 13,325 13,609 42,676 40,963
Amortization of intangibles 304 807 975 2,831
Total operating expenses 13,629 14,416 43,651 43,794
Operating income (loss) (2,939) 994 (3,876) 923
Other income (expenses):        
Interest expense, net (787) (545) (2,355) (1,562)
Gain (loss) on disposition of property and equipment 36 7 76 (130)
Total other expenses (751) (538) (2,279) (1,692)
Income (loss) before income taxes (3,690) 456 (6,155) (769)
Income tax provision (benefit) (185) 328 (936) (352)
Net income (loss) (3,505) 128 (5,219) (417)
Dividends on cumulative redeemable convertible preferred stock 0 149 (113) 631
Premium paid on redemption of redeemable convertible preferred stock 0 847 2,219 847
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (3,505) $ (868) $ (7,325) $ (1,895)
Basic loss per share for common stock:        
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (0.46) $ (0.12) $ (0.97) $ (0.25)
Diluted loss per share for common stock:        
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (0.46) $ (0.12) $ (0.97) $ (0.25)
Weighted average number of shares outstanding:        
Basic 7,574,545 7,471,587 7,552,945 7,460,277
Diluted 7,574,545 7,471,587 7,552,945 7,460,277

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