SHLS Q4 2022 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q4 2022 Earnings

Income Statement

Revenue

$95M+97.0% YoY

Gross Profit

$40M42.7% margin

Operating Income

$23M24.7% margin

Net Income

$113M119.0% margin

EPS (Diluted)

$0.70

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$34M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$595M

Total Liabilities

$294M

Stockholders' Equity

$291M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$95M	$48M	+97.0%
Gross Profit	$40M	$16M	+153.6%
Operating Income	$23M	$3M	+772.2%
Net Income	$113M	-$2M	+6230.2%

Revenue Segments

System Solutions

$81M86%

Components

$13M14%