Solo Brands Q4 net loss $210.9M on $165.3M revenue; guides FY2024 rev $490-510M

Solo Brands, Inc.

Q4 net loss $210.9M (EPS -$2.14) vs prior-year net income $19.5M; includes $249M goodwill/intangibles impairment.
Q4 adjusted EBITDA $14.9M (-61.6% YoY); adjusted EPS $0.13 vs $0.25.
Full-year net sales $494.8M (-4.4%); net loss $195.3M; adjusted EBITDA $70.2M (-19.9%).
2024 guidance: revenue $490M-$510M; adjusted EBITDA margin 10%-12% (vs 14.2% in 2023).
Inventory down to $111.6M; borrowings $151.3M; operating cash flow $62.4M, up 92.7%.

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 0.4

Solo Brands, Inc. reported financial results for fourth quarter and fiscal year ended December 31, 2023.

Period: fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 14, 2024, Solo Brands, Inc. (the “Company”) issued a press release regarding the Company’s financial results for its fourth quarter and fiscal year ended December 31, 2023.

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Solo Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001870600-24-000022

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