$Shoals Technologies (SHLS.US)$ In their Q3 2024 earnings ca...

In their Q3 2024 earnings call, Shoals Technologies Group (SHLS) reported quarterly revenue of $102.2 million, with a gross profit margin of 24.8% (37.9% on an adjusted basis). Despite robust sales and project engagements, Shoals posted a small net loss of $0.3 million but achieved an adjusted EBITDA of $24.5 million. Management raised the midpoint of their full-year revenue guidance, showing confidence in continued growth despite challenges.

The company also discussed progress on an ITC ruling in their favor against Voltage, LLC, suggesting ongoing efforts to protect their intellectual property. Shoals emphasized its commitment to supporting the energy transition market through EBOS (electrical balance of systems) solutions, highlighting strong demand across its customer base.

This call also noted their involvement in upcoming investor events later in November, where they plan to provide further strategic updates.