SHLS Q1 2023 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q1 2023 Earnings

Income Statement

Revenue

$105M+54.6% YoY

Gross Profit

$48M45.9% margin

Operating Income

$26M24.8% margin

Net Income

$14M13.6% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$8M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$809M

Total Liabilities

$303M

Stockholders' Equity

$506M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$105M	$68M	+54.6%
Gross Profit	$48M	$26M	+83.5%
Operating Income	$26M	$10M	+160.8%
Net Income	$14M	$3M	+441.5%

Revenue Segments

System Solutions

$91M87%

Components

$14M13%