Solo Brands Q3 net sales $102.2M (+47% YoY); revises FY22 revenue growth to 15-20% from mid-20%

Solo Brands, Inc.

2022-Q3 EPS reported -$0.26 revenue$320,384,000

Q3 net sales $102.2M (+47.1% YoY); adj net income $7.6M (-52.1%); adj EPS $0.15.
Recorded $30.6M impairment charge for ISLE goodwill ($27.9M) and trademark ($2.7M).
Guides FY22 revenue growth 15-20% (down from prior mid-20%); maintains adj gross margin >60% and adj EBITDA margin mid-teens.
DTC revenue $86.3M (+48.6%); wholesale $15.9M (+39.7%); gross margin 63.3% vs 67.0% adj.
Cash $17.2M; $175M total borrowings; inventory $165.8M, up 62% from Dec 2021.

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

Solo Brands, Inc. reported third quarter fiscal 2022 ended September 30, 2022 results: revenue Net sales of $102.2 million, net income Net loss of $4.0 million, EPS Loss per Class A common stock - basic and diluted of $0.03.

Period: third quarter fiscal 2022 ended September 30, 2022
Revenue: Net sales of $102.2 million
Net income: Net loss of $4.0 million
EPS: Loss per Class A common stock - basic and diluted of $0.03
Result: reported results

Exact text from the filing

Net sales increased 47.1% to $102.2 million, compared to $69.4 million in the third quarter of 2021.

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Source: SEC EDGAR

accession 0001870600-22-000057

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