Financial Snapshot

Revenue
$476.3M
TTM
Gross Margin
55.54%
TTM
Net Earnings
-$245.8M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
157.24%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$303.2M
Q3 2024
Book Value
$250.0M
Q3 2024
Cash
Q3 2024
P/E
-0.4364
Nov 29, 2024 EST
Free Cash Flow
$7.127M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $494.8M $517.6M $403.7M $133.4M $39.85M
YoY Change -4.41% 28.22% 202.57% 234.81%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $494.8M $517.6M $403.7M $133.4M $39.85M
Cost Of Revenue $192.6M $199.5M $144.8M $46.46M $17.22M
Gross Profit $302.2M $318.2M $258.9M $86.97M $22.64M
Gross Profit Margin 61.07% 61.47% 64.13% 65.18% 56.8%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $249.4M $259.0M $159.5M $40.01M $16.37M
YoY Change -3.71% 62.39% 298.67% 144.45%
% of Gross Profit 82.55% 81.42% 61.61% 46.01% 72.31%
Research & Development $700.0K $1.100M $300.0K
YoY Change -36.36% 266.67%
% of Gross Profit 0.23% 0.35% 0.12%
Depreciation & Amortization $26.59M $24.59M $18.23M $5.667M $823.0K
YoY Change 8.14% 34.91% 221.65% 588.58%
% of Gross Profit 8.8% 7.73% 7.04% 6.52% 3.64%
Operating Expenses $530.0M $317.8M $190.0M $107.4M $51.30M
YoY Change 66.77% 67.23% 76.91% 109.41%
Operating Profit -$227.9M $364.0K $68.86M -$20.46M -$28.66M
YoY Change -62696.15% -99.47% -436.62% -28.63%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$11.00M -$6.271M -$10.14M -$3.207M -$519.0K
YoY Change 75.47% -38.13% 216.03% 517.92%
% of Operating Profit -1722.8% -14.72%
Other Income/Expense, Net -$3.707M -$6.983M -$10.34M -$440.0K -$353.0K
YoY Change -46.91% -32.49% 2250.68% 24.65%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$231.6M -$6.619M $58.52M -$24.10M -$29.54M
YoY Change 3398.37% -111.31% -342.78% -18.39%
Income Tax -$36.23M $1.001M $2.025M $99.00K $3.000K
% Of Pretax Income 3.46%
Net Earnings -$111.3M -$4.945M $10.69M -$24.20M -$29.54M
YoY Change 2151.71% -146.25% -144.17% -18.07%
Net Earnings / Revenue -22.5% -0.96% 2.65% -18.14% -74.12%
Basic Earnings Per Share -$1.84 -$0.08 $0.17
Diluted Earnings Per Share -$1.84 -$0.08 $0.17 -$250.0K -$305.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $19.84M $23.29M $25.10M $32.75M $5.025M
YoY Change -14.82% -7.2% -23.36% 551.8%
Cash & Equivalents $19.84M $23.29M $25.10M $32.75M $5.025M
Short-Term Investments
Other Short-Term Assets $12.64M $9.889M $328.0K $143.0K
YoY Change 27.81% 2914.94% 129.37%
Inventory $116.6M $133.0M $102.3M $14.35M $5.837M
Prepaid Expenses
Receivables $42.73M $26.18M $21.51M $4.166M $1.280M
Other Receivables $16.93M $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $196.1M $195.1M $158.8M $51.60M $12.29M
YoY Change 0.5% 22.83% 207.86% 319.98%
Property, Plant & Equipment $58.64M $49.43M $10.60M $980.0K $135.0K
YoY Change 18.64% 366.14% 981.94% 625.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.95M $534.0K $506.0K $149.0K $83.00K
YoY Change 2512.55% 5.53% 239.6% 79.52%
Total Long-Term Assets $463.2M $667.2M $678.9M $490.8M $93.21M
YoY Change -30.57% -1.72% 38.32% 426.55%
Total Assets $659.3M $862.3M $837.7M $542.4M $105.5M
YoY Change
Accounts Payable $21.85M $11.78M $11.77M $1.377M $75.00K
YoY Change 85.4% 0.08% 755.05% 1736.0%
Accrued Expenses $43.56M $31.20M $14.43M $11.41M $4.157M
YoY Change 39.62% 116.3% 26.46% 174.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.549M $5.000M $3.125M $450.0K $0.00
YoY Change 30.98% 60.0% 594.44%
Total Short-Term Liabilities $88.56M $67.01M $46.57M $137.3M $7.667M
YoY Change 32.16% 43.88% -66.07% 1690.48%
Long-Term Debt $144.0M $108.4M $125.0M $72.90M $23.61M
YoY Change 32.87% -13.31% 71.5% 208.81%
Other Long-Term Liabilities $37.17M $29.34M $729.0K $133.0K $70.00K
YoY Change 26.7% 3924.42% 448.12% 90.0%
Total Long-Term Liabilities $181.2M $137.7M $125.8M $73.03M $23.68M
YoY Change 31.55% 9.52% 72.19% 208.46%
Total Liabilities $418.1M $498.9M $476.9M $210.3M $31.34M
YoY Change -16.21% 4.63% 126.75% 570.99%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 60.50M shares 63.46M shares 63.01M shares
Diluted Shares Outstanding 60.50M shares 63.46M shares 63.01M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $107.25 Million

About Solo Brands, Inc.

Solo Brands, Inc. sells online outdoor products. The company is headquartered in Southlake, Texas and currently employs 400 full-time employees. The company went IPO on 2021-10-28. The firm operates six outdoor brands: Solo Stove, Oru Kayak, Inc. (Oru), International Surf Ventures, Inc. (ISLE), Chubbies, Inc. (Chubbies), Sconberg, LLC (TerraFlame) and IcyBreeze Cooling, LLC (IcyBreeze). Its brands develop products and market them directly to customers primarily through e-commerce channels. Its Solo Stoves include the Lite, Titan, and Campfire. Solo Stove Lite is an ultralight portable backpacking camp stove that can boil water in under 10 minutes using just twigs, sticks, and leaves. The Solo Stove fire pit products include the new tabletop Mesa, Ranger, Bonfire, Yukon, and Canyon. Its Oru brand includes five kayak models: the Inlet, Beach LT, Bay ST, Coast XT, and Haven. Its Chubbies brand offers apparel across five product lines: swim trunks, casual shorts, sport, polos and shirts, and lounge.

Industry: Sporting & Athletic Goods, NEC Peers: SMITH & WESSON BRANDS, INC. AMMO, INC. Clarus Corp HASBRO, INC. JAKKS PACIFIC INC JOHNSON OUTDOORS INC Latham Group, Inc. MARINE PRODUCTS CORP MasterCraft Boat Holdings, Inc. STURM RUGER & CO INC