SHLS Q2 2023 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q2 2023 Earnings

Income Statement

Revenue

$119M+62.2% YoY

Gross Profit

$51M42.4% margin

Operating Income

$32M26.5% margin

Net Income

$19M15.9% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

+13.4%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$26M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$819M

Total Liabilities

$289M

Stockholders' Equity

$529M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$119M	$73M	+62.2%
Gross Profit	$51M	$29M	+76.7%
Operating Income	$32M	$13M	+143.7%
Net Income	$19M	$4M	+329.9%

Revenue Segments

System Solutions

$102M86%

Components

$17M14%