SHLS Q1 2024 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q1 2024 Earnings

Income Statement

Revenue

$91M-13.6% YoY

Gross Profit

$36M40.2% margin

Operating Income

$12M12.8% margin

Net Income

$5M5.3% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-30.4%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$10M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$825M

Total Liabilities

$271M

Stockholders' Equity

$554M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$105M	-13.6%
Gross Profit	$36M	$48M	-24.4%
Operating Income	$12M	$26M	-55.6%
Net Income	$5M	$14M	-66.6%

Revenue Segments

System Solutions

$65M72%

Components

$26M28%