SHLS Q3 2023 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q3 2023 Earnings

Income Statement

Revenue

$134M+47.8% YoY

Gross Profit

$14M10.5% margin

Operating Income

-$11M-7.9% margin

Net Income

-$10M-7.3% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+12.6%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$24M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$840M

Total Liabilities

$316M

Stockholders' Equity

$525M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$134M	$91M	+47.8%
Gross Profit	$14M	$36M	-60.7%
Operating Income	-$11M	$20M	-152.9%
Net Income	-$10M	$8M	-223.5%

Revenue Segments

System Solutions

$99M74%

Components

$35M26%