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Income Statement

Income Statement

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Consolidated Statements of Operations        
Revenue $ 132,753 $ 139,531 $ 266,704 $ 260,080
Cost of revenue 115,352 123,733 229,270 230,995
Gross profit 17,401 15,798 37,434 29,085
Operating expenses:        
Selling, general and administrative expenses 17,079 13,685 33,124 29,351
Amortization of intangibles 175 336 350 671
Total operating expenses 17,254 14,021 33,474 30,022
Operating income (loss) 147 1,777 3,960 (937)
Other income (expenses):        
Interest expense, net (1,597) (799) (2,430) (1,568)
Gain on disposition of property and equipment 9 24 21 40
Loss on debt extinguishment (513)   (513)  
Loss on change in fair value of warrant liability (103)   (103)  
Total other expenses (2,204) (775) (3,025) (1,528)
Income (loss) before income taxes (2,057) 1,002 935 (2,465)
Income tax provision (benefit) (553) 293 293 (750)
Net income (loss) (1,504) 709 642 (1,715)
Dividends on cumulative redeemable convertible preferred stock 0 0 0 (113)
Premium paid on partial preferred redemption 0 0 0 2,219
Net income (loss) attributable to Limbach Holdings, Inc. common stockholders $ (1,504) $ 709 $ 642 $ (3,821)
Basic earnings (loss) per share for common stock:        
Net earnings (loss) attributable to Limbach Holdings, Inc. common stockholders $ (0.20) $ 0.09 $ 0.08 $ (0.51)
Diluted earnings (loss) per share for common stock:        
Net earnings (loss) attributable to Limbach Holdings, Inc. common stockholders $ (0.20) $ 0.09 $ 0.08 $ (0.51)
Weighted average number of shares outstanding:        
Basic 7,643,133 7,542,503 7,643,133 7,541,965
Diluted 7,643,133 7,807,768 7,717,484 7,541,965

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