Solo Brands Inc. Reports Net Loss of $11.98M with EPS of $(0.20) in 2024; Net Sales Steady at $454.55M

Reuters
06/19
Solo Brands Inc. Reports Net Loss of $11.98M with EPS of $(0.20) in 2024; Net Sales Steady at $454.55M

Solo Brands Inc. has released its unaudited pro forma consolidated financial statements for the year ended December 31, 2024. The company reported net sales of $454.6 million, unchanged from the previous year. The net loss attributable to Solo Brands, Inc. was reported at $12.2 million, a significant deterioration compared to the previous year when the company posted a $210,000 net income. Operating expenses included selling, general, and administrative expenses amounting to $262.2 million, which after adjustments stood at $260.3 million. Additionally, restructuring, contract termination, and impairment charges were noted at $136.1 million. The financial results reflect a comprehensive loss attributable to Solo Brands, Inc. of $113.5 million, which, after adjustments, resulted in a loss of $112.7 million. The company reported a net loss per Class A common stock of $1.94, which after adjustments indicated a $1.93 loss per share. The weighted-average Class A common stock outstanding was recorded at 58,388 shares. No specific guidance or outlook for future periods was provided in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solo Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001870600-25-000076), on June 18, 2025, and is solely responsible for the information contained therein.

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