{"schema_version":"secwatch.filing_event.v1","accession":"0001870600-24-000043","form_type":"8-K","ticker":"SBDS","cik":"0001870600","company_name":"Solo Brands, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.033114+00:00","generated_at":"2026-06-02T07:10:32.099269+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Solo Brands Q1 net loss $6.5M, revenue down 3.3% to $85.3M; reaffirms FY2024 guidance","bullets":["Net loss of $6.5M vs $0.9M net income in Q1 2023; diluted EPS $(0.06) vs $0.01.","Adjusted EBITDA $4.3M, down 72.1% YoY; adjusted net income $1.7M, down 83.8%.","Direct-to-consumer revenue fell 6.8% to $51.0M; wholesale grew 2.5% to $34.3M.","Gross margin declined 250 bps to 59.2% on channel mix shift to lower-margin wholesale.","FY2024 guidance reaffirmed: revenue $490M-$510M, adjusted EBITDA margin 10%-12%."],"urls":{"canonical":"https://secwatch.observer/filing/0001870600-24-000043","json":"https://secwatch.observer/filing/0001870600-24-000043.json","markdown":"https://secwatch.observer/filing/0001870600-24-000043.md","text":"https://secwatch.observer/filing/0001870600-24-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1870600/000187060024000043/0001870600-24-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1870600/000187060024000043/dtc-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:10:32.099269+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"429ec421d5753b76664f6cd9ecffef7dc3e84d6d","claim":"Solo Brands, Inc. reported first quarter ended March 31, 2024 results: revenue $85.3 million, net income $6.5 million, EPS $(0.06) per diluted share. Guidance reaffirmed.","evidence_excerpt":"people and processes in place to position us to generate consistent long-term growth.” Consolidated First Quarter 2024 Highlights Compared to First Quarter 2023 • Net sales of $85.3 million, down $2.9 million or 3.3% • Net loss of $6.5 million, down $7.4 million • Net loss per Class A common stock - basic and diluted of $0.06, down $0.07 • Adjusted net income (1)(2)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1870600/000187060024000043/0001870600-24-000043-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$85.3 million"},{"label":"Net income","value":"$6.5 million"},{"label":"EPS","value":"$(0.06) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}