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Stock impact report

Solo Brands Announces Third Quarter Fiscal 2021 Results

Solo Brands, Inc. (DTC) 
Company Research Source: Business Wire
Raises 2021 Guidance GRAPEVINE, Texas--(BUSINESS WIRE)--Solo Brands, Inc., (NYSE: DTC) a direct-to-consumer (DTC) platform for rapidly growing lifestyle brands (the “Company,” “we” or “our”), today announced its financial results for the three and nine month periods ended September 30, 2021.Third Quarter FY 2021 HighlightsTotal revenue grew 138.3% to $69.4 million as compared to $29.1 million in the third quarter last year.Net income of $2.1 million, a decrease of (79.4)% compared to $10.3 million in the third quarter last year.Adjusted net income(1) of $15.8 million compared to $11.3 million, an increase of 39.7% over third quarter 2020.Adjusted EBITDA(1) increased 56.7% to $18.2 million compared to $11.6 million in the third quarter last year.“I am proud that we have created an innovative platform encompassing four authentic and disruptive DTC brands. Our third quarter results reflect the strong momentum in our business across all of our brands with Solo Stove, our primary growth Show less Read more
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