SHLS Q3 2022 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q3 2022 Earnings

Income Statement

Revenue

$91M+51.8% YoY

Gross Profit

$36M39.7% margin

Operating Income

$20M22.0% margin

Net Income

$8M8.8% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+23.6%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$12M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$530M

Total Liabilities

$507M

Stockholders' Equity

$26M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$60M	+51.8%
Gross Profit	$36M	$22M	+65.6%
Operating Income	$20M	$10M	+108.8%
Net Income	$8M	$2M	+220.1%

Revenue Segments

System Solutions

$69M77%

Components

$21M23%