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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 102M | 2.9% |
| Gross Profit | 25M | 36.6% |
| Cost of Revenue | 77M | 29.6% |
| Operating expense | 21M | 2.6% |
| Net Income | -270,000 | 102.3% |
| EBITDA | 3.7M | 77.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 801M | 1.6% |
| Total Liabilities | 256M | 5% |
| Total Equity | 545M | 0.1% |
| Shares Outstanding | 167M | 1.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 16M | 58.5% |
| Cash from investing | -2.4M | 18.7% |
| Cash from financing | -5.4M | 88.7% |
EPS
Financial Highlights for Shoals Technologies Group in Q3 '24
Shoals Technologies Group reported a revenue of 102M, which is a 2.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 25M, marking a -36.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 77M, a 29.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 21M, showing a -2.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -270,000, showing a -102.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.7M, showing a -77.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Shoals Technologies Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
