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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues $ 70,254 $ 5,561
Cost of revenues 58,671 8,082
Gross profit 11,583 (2,521)
Operating expenses:    
Selling, general and administrative expense 8,126 12,019
Depreciation and amortization 5,323 1,082
Recovery of bad debt (60) 0
Other operating income (18) 0
Total operating expenses 13,371 13,101
Loss from operations (1,788) (15,622)
Loss on extinguishment of debt (26,019) (250)
Other income (expense) (583) 313
Interest expense (8,039) (734)
Loss from continuing operations before income taxes (36,429) (16,293)
Income tax expense 241 16
Loss from continuing operations, net of income taxes (36,670) (16,309)
Discontinued operations (Note 3)    
Income from discontinued operations, net of income taxes (953) (1,643)
Net loss (37,623) (17,952)
Less: net loss attributable to noncontrolling interest (22) 0
Net loss attributable to Orbital Energy Group, Inc. $ (37,601) $ (17,952)
Basic and diluted weighted average common shares outstanding (in shares) 83,126,709 44,564,868
Loss from continuing operations per common share - basic and diluted (in dollars per share) $ (0.44) $ (0.36)
Income from discontinued operations - basic and diluted (in dollars per share) (0.01) (0.04)
Loss per common share - basic and diluted (in dollars per share) $ (0.45) $ (0.40)