SHLS Q4 2023 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q4 2023 Earnings

Income Statement

Revenue

$130M+37.8% YoY

Gross Profit

$55M42.5% margin

Operating Income

$32M24.4% margin

Net Income

$17M12.7% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$24M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$844M

Total Liabilities

$299M

Stockholders' Equity

$545M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$130M	$95M	+37.8%
Gross Profit	$55M	$40M	+37.2%
Operating Income	$32M	$23M	+36.3%
Net Income	$17M	$113M	-85.3%

Revenue Segments

System Solutions

$106M81%

Components

$25M19%