secwatch.observer — SEC 8-K summary
======================================

Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0001831651-22-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoals Technologies Q4 revenue $48M (+24% YoY); net loss $2.2M; guides FY2022 revenue $300-350M
--------------------------------------------------------------------------------

- Q4 revenue $48.0M, up 24% YoY; gross margin 33.1% vs 38.3% due to $1M higher material/logistics costs.
- Net loss of $2.2M ($0.04 diluted loss per share) vs net income $4.2M in prior year; adjusted EBITDA $11.3M down from $14.1M.
- Backlog and awarded orders hit record $299M, nearly double YoY (+94%) and up 10% sequentially.
- Guides Q1 2022 revenue $68-74M, adjusted EBITDA $16-20M; full year 2022 revenue $300-350M, adj. EBITDA $79-97M.
- System Solutions revenue grew 29% YoY; BLA customers quadrupled year-over-year; IEC certification in Europe received.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165122000006/0001831651-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165122000006/shls-20220310.htm
  HTML page:      https://secwatch.observer/filing/0001831651-22-000006

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