Solo Brands Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 7, 2024
SBDS$2.61-12.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In thousands, except per unit data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $94,139 | $110,324 | $311,013 | $329,458 |
| Cost of goods sold | 54,820 | 42,065 | 138,513 | 123,725 |
| Gross profit | 39,319 | 68,259 | 172,500 | 205,733 |
| Operating expenses | ||||
| Selling, general & administrative expenses | 61,119 | 57,016 | 180,337 | 165,162 |
| Restructuring, contract termination and impairment charges | 83,618 | 4,317 | 83,618 | 4,317 |
| Depreciation and amortization expenses | 6,574 | 7,052 | 19,255 | 19,579 |
| Other operating expenses | 3,294 | 1,199 | 8,688 | 3,736 |
| Total operating expenses | 154,605 | 69,584 | 291,898 | 192,794 |
| Income (loss) from operations | (115,286) | (1,325) | (119,398) | 12,939 |
| Non-operating (income) expense | ||||
| Interest expense, net | 3,683 | 2,766 | 10,352 | 7,542 |
| Other non-operating (income) expense | (619) | (983) | (378) | (6,861) |
| Total non-operating (income) expense | 3,064 | 1,783 | 9,974 | 681 |
| Income (loss) before income taxes | (118,350) | (3,108) | (129,372) | 12,258 |
| Income tax expense (benefit) | (6,897) | (6,191) | (7,398) | (3,272) |
| Net income (loss) | (111,453) | 3,083 | (121,974) | 15,530 |
| Less: net income (loss) attributable to noncontrolling interests | (41,589) | (1,045) | (45,597) | 3,054 |
| Net income (loss) attributable to Solo Brands, Inc. | $(69,864) | $4,128 | $(76,377) | $12,476 |
| Other comprehensive income (loss) | ||||
| Foreign currency translation, net of tax | $82 | $(593) | $6 | $(472) |
| Comprehensive income (loss) | (111,371) | 2,490 | (121,968) | 15,058 |
| Less: other comprehensive income (loss) attributable to noncontrolling interests | (24) | (214) | 3 | (171) |
| Less: net income (loss) attributable to noncontrolling interests | (41,589) | (1,045) | (45,597) | 3,054 |
| Comprehensive income (loss) attributable to Solo Brands, Inc. | $(69,758) | $3,749 | $(76,374) | $12,175 |
| Net income (loss) per Class A common stock | ||||
| Basic | $(1.19) | $0.07 | $(1.31) | $0.20 |
| Diluted | $(1.19) | $0.07 | $(1.31) | $0.20 |
| Weighted-average Class A common stock outstanding | ||||
| Basic | 58,545 | 57,883 | 58,303 | 61,370 |
| Diluted | 58,545 | 58,368 | 58,303 | 61,581 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.