Solo Brands Q1 revenue $82.2M (+19%), net loss $3.2M; names Somer Webb CFO, adds two directors

Solo Brands, Inc.

2022-Q1 EPS reported -$0.03 revenue$82,203,000

Net sales $82.2M, up 19%; net loss $3.2M vs prior year net income.
Adjusted EBITDA $14M, down 51% YoY; adjusted EPS $0.19.
CFO Sam Simmons steps down May 16; succeeded by Somer Webb, ex-CFO of Kent Outdoors.
Board expands to 8; appoints Mike Dennison (Fox CEO) and Dave Powers (Deckers CEO) as independent directors.
Full-year 2022 guidance reaffirmed: revenue $540-570M, adjusted EBITDA $121-132M.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Somer Webb

Chief Financial Officer

SBDS · Solo Brands, Inc.

Effective: 2022-05-16
Filed: May 12, 2022, 7:59 PM ET

the Board of Directors (the “Board”) of the Company appointed Somer Webb as the Company’s Chief Financial Officer, effective upon the Effective Date.

Departed

Sam Simmons

Chief Financial Officer

SBDS · Solo Brands, Inc.

Effective: 2022-05-16
Successor: Somer Webb
Filed: May 12, 2022, 7:59 PM ET

On May 12, 2022, the Company announced that Mr. Simmons will step down as Chief Financial Officer, effective May 16, 2022 (the “Effective Date”),

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Somer Webb was appointed as Chief Financial Officer at Solo Brands, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Board of Directors (the “Board”) of the Company appointed Somer Webb as the Company’s Chief Financial Officer, effective upon the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sam Simmons departed as Chief Financial Officer at Solo Brands, Inc..

Action: stepped down
Role: Chief Financial Officer

Exact text from the filing

On May 12, 2022, the Company announced that Mr. Simmons will step down as Chief Financial Officer, effective May 16, 2022 (the “Effective Date”),

View on SEC.gov

Solo Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001870600-22-000022

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