earnings
confidence high
sentiment negative
materiality 0.80
Solo Brands Q1 net loss $18.6M on sales down 9.5%; Chubbies up 44% but Solo Stove plunges 49%
Solo Brands, Inc.
2025-Q1 EPS reported
-$0.21
revenue$77,252,000
- Net sales $77.3M, down 9.5% YoY; net loss $18.6M ($0.21/sh) vs $6.5M loss ($0.06/sh) last year.
- Chubbies segment sales up 43.9% to $42.7M with segment EBITDA margin 26.5%; Solo Stove sales down 49.2% to $26.1M, segment EBITDA -$1.5M.
- Adjusted EBITDA $3.5M (4.5% of sales) vs $4.3M (5.0%) prior year; adjusted net loss $6.2M ($0.08/sh) vs adj net income $1.7M.
- Cash $206.4M from $277.3M revolver draw; total debt $428.8M; non-compliance with covenants likely; going concern doubt reiterated.
- NYSE trading suspended April 22; stock now quoted OTC Pink under DTCB; appeal pending.