SHLS Q2 2022 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q2 2022 Earnings

Income Statement

Revenue

$73M+23.1% YoY

Gross Profit

$29M38.9% margin

Operating Income

$13M17.7% margin

Net Income

$4M6.0% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+8.1%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$18M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$497M

Total Liabilities

$488M

Stockholders' Equity

$15M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$73M	$60M	+23.1%
Gross Profit	$29M	$26M	+9.2%
Operating Income	$13M	$14M	-7.9%
Net Income	$4M	$5M	-3.4%

Revenue Segments

System Solutions

$57M77%

Solar Components

$17M23%