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Shoals’ Revenue Drops 23.9% in Q3 2024 Amid Project Delays and Supply Chain Issues

Shoals reported a net loss of $300,000, improving from a $9.8 million loss in Q3 2023

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U.S.-headquartered Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage and emobility, reported a 23.9% year-over-year (YoY) dip in revenue to $102.2 million during the third quarter (Q3) of 2024, primarily due to project delays and supply chain issues.

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