SHLS Q3 2024 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q3 2024 Earnings

Income Statement

Revenue

$102M-23.9% YoY

Gross Profit

$25M24.8% margin

Operating Income

$5M4.4% margin

Net Income

$3M3.1% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$801M

Total Liabilities

$256M

Stockholders' Equity

$545M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$102M	$134M	-23.9%
Gross Profit	$25M	$14M	+79.3%
Operating Income	$5M	-$11M	+142.8%
Net Income	$3M	-$10M	+131.9%

Revenue Segments

System Solutions

$79M77%

Components

$24M23%