SHLSShoals Technologies Group, Inc.

$1B

Q3 2021 Earnings

Income Statement

Revenue

$60M+13.8% YoY

Gross Profit

$22M36.4% margin

Operating Income

$10M16.0% margin

Net Income

$2M4.2% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$7M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$383M

Total Liabilities

$394M

Stockholders' Equity

$855,000

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$53M	+13.8%
Gross Profit	$22M	$21M	+5.2%
Operating Income	$10M	$15M	-36.7%
Net Income	$2M	$15M	-83.4%

Revenue Segments

System Solutions

$39M65%

Solar Components

$21M35%

SHLS Q3 2021 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena