Shoals Technologies Reports Q3 2023 Revenue Up 48% to $134.2M, Net Loss of $9.8M from Wire Shrinkback Charges

Shoals Technologies Group, Inc.

2023-Q3 EPS reported $0.14 revenue$358,503,000

Record quarterly revenue of $134.2 million, up 48% year-over-year from $90.8 million
Gross margin fell to 10.5% due to $50.2 million in wire insulation shrinkback expenses
Net loss of $(9.8) million vs. net income of $12.8 million in prior-year quarter
Adjusted EBITDA rose 81% to $48.0 million; backlog and awarded orders up 34% to $633.3 million
Filed lawsuit against wire supplier Prysmian Cables and Systems USA for damages; raised 2023 Adjusted EBITDA and Adjusted net income outlook

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Shoals Technologies Group, Inc. reported three months ended September 30, 2023 results: revenue $134.2 million, net income $(9.8) million, EPS $(0.06). Guidance raised.

Period: three months ended September 30, 2023
Revenue: $134.2 million
Net income: $(9.8) million
EPS: $(0.06)
Guidance: raised
Result: reported results

Exact text from the filing

Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2023 – Record Quarterly Revenue of $134.2 million

View on SEC.gov

Browse all earnings releases →

Shoals Technologies Group, Inc. filing history →

Source: SEC EDGAR

accession 0001831651-23-000089

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.