Solo Brands Q4 net sales drop 34.5% to $94M; net loss $83.2M; adjusted EBITDA improves to $9.6M

Solo Brands, Inc.

Q4 net sales $94.0M, down 34.5% YoY; full year net sales $316.6M, down 30.4%.
Q4 net loss $83.2M; adjusted net income $2.3M flat YoY; full year net loss $145.4M.
Q4 adjusted EBITDA $9.6M (10.2% of sales) vs $6.3M (4.4%) YoY improvement.
Solo Stove Q4 sales down 38.3%; segment EBITDA $14.6M (20.3%) up from $6.1M (5.2%).
Cash $20M, inventory $81.6M, debt $253.1M as of year-end.

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