TestEquity revenue $270.5M in 2021, net loss narrows to $8.7M in acquisition amendment

Distribution Solutions Group, Inc.

Net revenue $270.5M in 2021 (+5.5% YoY); equipment sales $260.3M, rental $10.3M.
Net loss improved to $8.7M from $15.9M in 2020; gross profit $66.8M (+21.2% YoY).
Cash $5.5M, total assets $238.5M; members' equity $75.4M as of Dec 31, 2021.
Goodwill $70.1M, intangible assets $53.0M; rental equipment net $24.7M.
Acquired MCS Test Group in 2021 for $7.6M cash plus $1.4M seller note.

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