SHLS Q1 2022 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q1 2022 Earnings

Income Statement

Revenue

$68M+49.1% YoY

Gross Profit

$26M38.7% margin

Operating Income

$10M14.7% margin

Net Income

$3M3.9% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+41.5%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$27M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$474M

Total Liabilities

$476M

Stockholders' Equity

$8M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$68M	$46M	+49.1%
Gross Profit	$26M	$19M	+40.0%
Operating Income	$10M	$10M	+1.2%
Net Income	$3M	-$3M	+192.3%

Revenue Segments

System Solutions

$47M69%

Solar Components

$21M31%