How did Shoals Technologies' revenue and expenses trend in Q4 2024 compared to previous quarters?
5/9/2025 04:17am
Shoals Technologies' revenue and expenses in Q4 2024 showed a significant increase compared to the previous quarter, Q3 2024:
1. **Revenue Trend**: The company's total revenue for Q4 2024 was $399.21 million, which is a substantial increase from the $292.22 million reported in Q3 2024. This indicates a strong revenue growth during the period.
2. **Expense Trend**: The total expenses for Q4 2024 are not provided, but the cumulative expenses for Q3, Q2, and Q1 2024 were $90.81 million, $190.06 million, and $292.22 million, respectively. Given the increasing trend of expenses from Q3 to Q2 and Q2 to Q1, it is reasonable to assume that the expenses in Q4 2024 would be higher than those in Q3 2024, considering the overall upward trajectory of expenses over the previous three quarters.
In summary, Shoals Technologies experienced a notable rise in revenue and, likely, in expenses in Q4 2024, reflecting a period of strong financial performance and growth for the company.