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![Shoals Technologies Group, Inc. [SHLS] reports annual net loss of $0.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSHLS.png&w=1200&q=75)
Shoals Technologies Group, Inc. [SHLS] has reported a net loss of $0.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $0.0
Based in PORTLAND, Tennessee, Shoals Technologies Group, Inc. operates in the MANUFACTURING sector.
In the Consolidated Statements of Operations for Shoals Technologies Group, Inc., the financial results for the years ended December 31, 2021, and December 31, 2023, were compared as follows:
1. Revenue:
- Revenue for the year ended December 31, 2023, was $326.94 million, a decrease from $488.94 million in the previous year ended December 31, 2021.
2. Cost of Goods Sold:
- Cost of revenue for the year ended December 31, 2023, was $195.63 million, compared to $320.64 million in the previous year ended December 31, 2021.
3. Net Income:
- Net income attributable to Shoals Technologies Group, Inc. for the year ended December 31, 2023, was $127.61 million, while it was $39.97 million for the year ended December 31, 2021.
4. Earnings per Share:
- Basic earnings per share for Class A common stock were $0.24 for the year ended December 31, 2023, an increase from $0.00 in the previous year ended December 31, 2021.
- Diluted earnings per share for Class A common stock were $0.24 for the year ended December 31, 2023, compared to $0.00 in the previous year ended December 31, 2021.
These financial metrics indicate a decrease in revenue and cost of goods sold, but a significant increase in net income and earnings per share for Shoals Technologies Group, Inc. in the year ended December 31, 2023, compared to the previous year ended December 31, 2021.
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