Smith-Midland (NASDAQ: SMID) delays 2025 10-K; forecasts revenue up 18%
Smith-Midland Corporation (NASDAQ: SMID) announced a delay in filing its 2025 Form 10-K, citing the need to complete financial closing procedures, auditing, and an assessment of internal controls over financial reporting, which may reveal a material weakness. Despite the delay, the company provided preliminary guidance forecasting Q4 2025 revenue of $22–$24 million and full-year 2025 revenue of $92–$94 million, representing an 18% increase at the midpoint. This preliminary guidance suggests record annual net income, though all figures are subject to audit adjustments.
APR 1·Stock Titan→
Smith-Midland pushes back annual report as audit work continues
Smith-Midland Corporation filed a Form 12b-25 to announce a delay in filing its 2025 Annual Report on Form 10-K, now expected by April 15, 2026. The delay is due to the need for additional time to complete financial reporting processes, including an internal control assessment and audit procedures. Despite the delay, the company reiterated strong preliminary financial guidance for 2025, expecting significant revenue growth and record annual net income.
MAR 24·Stock Titan▲
Record 2025 revenue and net income expected at Smith-Midland (NASDAQ: SMID)
Smith-Midland Corporation (NASDAQ: SMID) anticipates record full-year 2025 revenue and net income, with revenue projected between $92 million and $94 million, an 18% increase from 2024 at the midpoint. Fourth-quarter revenue is expected to be $22-$24 million, up from $18.5 million in the prior year, driven by strong product sales and infrastructure demand. The company plans to file its Form 10-K for the year ended December 31, 2025, by March 31, 2026.
