---
schema_version: "secwatch.filing_event.v1"
accession: "0001831651-22-000031"
form_type: "8-K"
ticker: "SHLS"
cik: "0001831651"
company_name: "Shoals Technologies Group, Inc."
filed_at: "2022-05-17T23:59:59+00:00"
generated_at: "2026-06-25T12:33:01.231686+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shoals Q1 revenue up 49% to $68M record; lowers high end of FY22 outlook due to industry headwinds

## Summary
- Q1 revenue $68.0M (+49% YoY); gross margin 38.7% (up 550+ bps sequentially, down 250 bps YoY).
- Diluted EPS $0.02 vs $(0.06) loss YoY; Adjusted diluted EPS $0.05 vs $0.05 YoY.
- Backlog and awarded orders record $302.3M, up 67% YoY.
- FY2022 revenue outlook lowered at high end to $300M-$325M; cites Commerce Dept investigation uncertainty.
- Converted 7 BLA customers in Q1, three international; BLA customer count 6x vs year ago.

## SEC filing metadata
- accession: 0001831651-22-000031
- form_type: 8-K
- ticker: SHLS
- cik: 0001831651
- company_name: Shoals Technologies Group, Inc.
- filed_at: 2022-05-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831651/000183165122000031/0001831651-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831651/000183165122000031/shls-20220516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831651-22-000031
- JSON: https://secwatch.observer/filing/0001831651-22-000031.json
- Plain text: https://secwatch.observer/filing/0001831651-22-000031.txt

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