Solo Brands Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
SBDS$2.61-12.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands, except per unit data) | 2024 | 2023 |
| Net sales | $85,324 | $88,207 |
| Cost of goods sold | 34,780 | 33,804 |
| Gross profit | 50,544 | 54,403 |
| Operating expenses | ||
| Selling, general & administrative expenses | 48,410 | 44,622 |
| Depreciation and amortization expenses | 6,275 | 6,178 |
| Other operating expenses | 2,211 | 405 |
| Total operating expenses | 56,896 | 51,205 |
| Income (loss) from operations | (6,352) | 3,198 |
| Non-operating (income) expense | ||
| Interest expense, net | 3,106 | 2,286 |
| Other non-operating (income) expense | 221 | (332) |
| Total non-operating (income) expense | 3,327 | 1,954 |
| Income (loss) before income taxes | (9,679) | 1,244 |
| Income tax expense (benefit) | (3,195) | 311 |
| Net income (loss) | (6,484) | 933 |
| Less: net income (loss) attributable to noncontrolling interests | (3,082) | 9 |
| Net income (loss) attributable to Solo Brands, Inc. | $(3,402) | $924 |
| Other comprehensive income (loss) | ||
| Foreign currency translation, net of tax | $43 | $13 |
| Comprehensive income (loss) | (6,441) | 946 |
| Less: other comprehensive income (loss) attributable to noncontrolling interests | 15 | 4 |
| Less: net income (loss) attributable to noncontrolling interests | (3,082) | 9 |
| Comprehensive income (loss) attributable to Solo Brands, Inc. | $(3,374) | $933 |
| Net income (loss) per Class A common stock | ||
| Basic | $(0.06) | $0.01 |
| Diluted | $(0.06) | $0.01 |
| Weighted-average Class A common stock outstanding | ||
| Basic | 58,068 | 63,670 |
| Diluted | 58,068 | 63,890 |
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