SHLS FY 2023 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

FY 2023 Earnings

Income Statement

Revenue

$489M+49.6% YoY

Gross Profit

$168M34.4% margin

Operating Income

$79M16.2% margin

Net Income

$40M8.2% margin

EPS (Diluted)

$0.24

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

$81M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$844M

Total Liabilities

$299M

Stockholders' Equity

$545M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$489M	$327M	+49.6%
Gross Profit	$168M	$131M	+28.2%
Operating Income	$79M	$66M	+19.2%
Net Income	$40M	$128M	-68.7%