---
schema_version: "secwatch.filing_event.v1"
accession: "0001831651-21-000026"
form_type: "8-K"
ticker: "SHLS"
cik: "0001831651"
company_name: "Shoals Technologies Group, Inc."
filed_at: "2021-11-10T23:59:59+00:00"
generated_at: "2026-06-28T10:13:57.575761+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Shoals Q3 revenue up 14% to $59.8M, net income down to $5.3M; backlog record $270.7M

## Summary
- Revenue $59.8M (+14% YoY); System Solutions revenue $38.6M (+5% YoY); gross margin 36.4% vs 39.3%.
- Net income $5.3M ($0.02 EPS) vs $15.0M prior year; adjusted net income $11.6M ($0.07 adjusted EPS).
- Backlog and awarded orders $270.7M, up 101% YoY, a record; acquired ConnectPV for cash+stock, accretive to 2022 EPS.
- Guides Q4 2021 revenue $40-50M, adj EBITDA $11-15M; Q1 2022 revenue $71-76M (adj EBITDA $22-24M).
- Supply chain delays shifting Q4 revenue to Q1; no order cancellations.

## SEC filing metadata
- accession: 0001831651-21-000026
- form_type: 8-K
- ticker: SHLS
- cik: 0001831651
- company_name: Shoals Technologies Group, Inc.
- filed_at: 2021-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831651/000183165121000026/0001831651-21-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831651/000183165121000026/shls-20211109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831651-21-000026
- JSON: https://secwatch.observer/filing/0001831651-21-000026.json
- Plain text: https://secwatch.observer/filing/0001831651-21-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.