secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001831651-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoals Q1 revenue $105M (+55% YoY); raises FY2023 guidance on record backlog
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- Revenue $105.1M (+55% YoY); System Solutions revenue $91.3M (+95% YoY) with gross margin 45.9% (+720bps).
- Backlog of $527.5M, up 75% YoY, reflecting strong demand for combine-as-you-go solutions.
- Net income $17.0M, diluted EPS $0.10; adjusted EPS $0.14 vs $0.05 prior year.
- Raising FY2023 outlook: revenue $480M-$510M; Adjusted EBITDA $145M-$160M; Adj. net income $92M-$102M.
- Six new BLA customers signed in Q1, bringing total to 42.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165123000045/0001831651-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165123000045/shls-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001831651-23-000045

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