---
schema_version: "secwatch.filing_event.v1"
accession: "0001831651-23-000089"
form_type: "8-K"
ticker: "SHLS"
cik: "0001831651"
company_name: "Shoals Technologies Group, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:08:16.313453+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0001831651-23-000089
- form_type: 8-K
- ticker: SHLS
- cik: 0001831651
- company_name: Shoals Technologies Group, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831651/000183165123000089/0001831651-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831651/000183165123000089/shls-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831651-23-000089
- JSON: https://secwatch.observer/filing/0001831651-23-000089.json
- Plain text: https://secwatch.observer/filing/0001831651-23-000089.txt

## Key facts
- Earnings Releases
  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
  source text: Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2023 – Record Quarterly Revenue of $134.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831651/000183165123000089/0001831651-23-000089-index.htm

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