Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024
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Shoals Technologies Group, Inc. reported its Q3 2024 financial results, highlighting a revenue of $102.2 million, a gross profit percentage of 24.8%, and an adjusted EBITDA of $24.5 million. The company also secured a favorable initial ruling in an ITC case against Voltage, LLC, and raised the midpoint of its full-year revenue outlook.
November 12, 2024 | 12:15 pm
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Shoals Technologies reported Q3 2024 revenue of $102.2 million and a net loss of $0.3 million. The company secured a favorable ruling in an ITC case and raised its full-year revenue outlook.
The positive financial results, including a significant revenue figure and a favorable legal ruling, are likely to boost investor confidence. The raised revenue outlook further supports a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100