2023-05-08 16:46:40 ET
- Shoals Technologies press release ( NASDAQ: SHLS ): Q1 GAAP EPS of $0.10 beats by $0.04 .
- Revenue of $105.09M (+54.6% Y/Y) beats by $7.53M .
- System Solutions Revenue of $91.3 million, Nearly Double the Prior Year Period and Representing 87% of First Quarter Revenue
- Gross Margin of 45.9%, Expanding 720 bps Over the Prior Year Period
- The Company’s backlog and awarded orders as of March 31, 2023 were $527.5 million, representing a 75% increase versus the same time last year and a 23% sequential increase from December 31, 2022.
- 2023 Outlook: Revenue to be in the range of $480 million to $510 million
- Adjusted EBITDA to be in the range of $145 million to $160 million
- Adjusted net income to be in the range of $92 million to $102 million.
- Shares +12.58% .
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Shoals Technologies GAAP EPS of $0.10 beats by $0.04, revenue of $105.09M beats by $7.53M