secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001831651-21-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165121000026/0001831651-21-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165121000026/shls-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001831651-21-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer