Financial Performance - Net sales for the year ended December 31, 2022, reached $517.6 million, a 28.2% increase from $403.7 million in 2021[348]. - Gross profit for 2022 was $318.2 million, compared to $258.9 million in 2021, reflecting a gross margin of 61.4%[348]. - The company reported a net loss of $7.6 million for 2022, a significant decline from a net income of $56.5 million in 2021[348]. - Operating expenses increased to $317.8 million in 2022, up from $190.0 million in 2021, primarily due to higher selling, general, and administrative expenses[348]. - Cash flows from operating activities generated $32.4 million in 2022, contrasting with a cash outflow of $10.2 million in 2021[350]. - The company reported a net loss of $20.5 million for the year ended December 31, 2022, compared to a pro-forma net loss of $20.3 million for 2021[442]. - The total income (loss) before income taxes for 2022 was $(6,619) thousand, compared to $58,520 thousand in 2021[489]. - The basic and diluted net income (loss) per share of Class A common stock for 2022 was $(0.08), down from $0.17 in 2021[515]. Assets and Liabilities - As of December 31, 2022, the company reported total assets of $862.3 million, an increase from $837.7 million in 2021, reflecting a growth of approximately 2.3%[345]. - The company's inventory increased to $133.0 million in 2022 from $102.3 million in 2021, representing a rise of about 30.8%[345]. - Long-term debt decreased to $108.4 million in 2022 from $125.0 million in 2021, a reduction of approximately 13.3%[345]. - The company had total current liabilities of $67.0 million in 2022, compared to $46.6 million in 2021, marking an increase of approximately 43.7%[345]. - Accounts receivable increased to $26.2 million in 2022 from $21.5 million in 2021, reflecting a growth of about 21.9%[345]. - The cash and cash equivalents balance at the end of 2022 was $23.3 million, down from $25.1 million at the end of 2021[351]. - The total fair value of long-term debt, net, was $108.383 million as of December 31, 2022, down from $128.148 million in 2021[504]. Equity and Capital - The company reported a retained earnings (accumulated deficit) of $5.7 million in 2022, down from $10.7 million in 2021, indicating an improvement in financial health[345]. - The company has authorized 475 million shares of Class A common stock and 50 million shares of Class B common stock[506][507]. - Equity-based compensation expense for 2022 was $18.598 million, significantly up from $7.329 million in 2021[470]. - Unrecognized equity-based compensation as of December 31, 2022, totals $35.405 million[470]. Taxation - The total current income tax expense for 2022 was $11,502 thousand, significantly higher than $5,164 thousand in 2021[490]. - The company's effective income tax rate for 2022 was (15.11)%, a decrease from 3.44% in 2021[490]. - As of December 31, 2022, the company recorded valuation allowances of $26.9 million for deferred tax assets, a net increase of $0.4 million from $26.5 million in 2021[495]. Acquisitions - The acquisition of Oru Kayak, Inc. was completed for a total cash consideration of $25.4 million, with net sales of Oru contributing $28.2 million to consolidated revenues in 2022[431][433]. - The acquisition of International Surf Ventures, LLC was finalized for total consideration of $41.3 million, with net sales of ISLE amounting to $17.8 million in 2022[434][437]. - Chubbies, Inc. was acquired for a total consideration of $100.4 million in cash and $29.1 million in Class B units, aimed at expanding market share in casual and active wear[438]. Manufacturing and Operations - The majority of the camp stoves and fire pits are currently made in China by one manufacturer, with additional manufacturing capacity between two separate manufacturers in China[379]. - The Company organizes its operations as a single reportable segment focused on outdoor consumer products[380]. - The Company primarily engages in direct-to-consumer transactions and business-to-business transactions, with performance obligations satisfied at the point of shipment[400][401]. Research and Development - Research and development expenses for the Successor years ended December 31, 2022, and December 31, 2021, were $1.1 million and $0.3 million, respectively, indicating a significant increase of 266.67%[411]. Goodwill and Impairment - The company recorded a goodwill impairment charge of $27.9 million in 2022, reducing the carrying value of goodwill to $382.7 million[451]. - Goodwill recognized from the acquisition of Oru Kayak was $18.8 million, reflecting expected future revenue growth and synergies[432]. - Goodwill recognized from the acquisition of ISLE was $29.6 million, also reflecting anticipated future revenue growth and synergies[435]. - The total identifiable net assets acquired from Chubbies amounted to $56.9 million, with goodwill recorded at $73.1 million, resulting in a total acquisition value of $130.1 million[440].

Solo Brands, Inc. (NYSE:DTC) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Bruce Williams - ICR, IR John Merris - Chief Executive Officer Somer Webb - Chief Financial Officer Conference Call Participants Robby Ohmes - Bank of America Peter Keith - Piper Sandler Randy Konik - Jefferies Chris Horvers - JPMorgan Ryan Sundby - William Blair Chasen Bender - Citi Operator Good morning. Welcome to the Solo Brands, Inc. Third Quarter Fiscal 2022 Financial Results Call. My name i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87-1360865 | ...

Solo Brands, Inc. (NYSE:DTC) Q2 2022 Earnings Conference Call August 11, 2022 8:30 AM ET Company Participants Bruce Williams - ICR John Merris - Chief Executive Officer Somer Webb - Chief Financial Officer Conference Call Participants Chris Horvers - JP Morgan Randy Konik - Jefferies Robbie Ohmes - Bank of America Kaumil Gajrawala - Credit Suisse Operator Hello everyone and welcome to Solo Brands, Inc. Second Quarter Fiscal 2022 Financial Results Call. My name is [Seb] and I will be the operator on the call ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements for June 30, 2022, reflect increased net sales from acquisitions, a net loss due to impairment charges, and growth in inventory and debt [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2022, total assets slightly increased to **$859.2 million**, driven by inventory growth, while liabilities rose due to long-term debt Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $26,728 | $25,101 | | Inventory | $128,238 | $102,335 | | Intangible assets, net | $244,745 | $257,234 | | Goodwill | $382,658 | $410,559 | | **Total Assets** | **$859,163** | **$837,740** | | **Liabilities & Equity** | | | | Total current liabilities | $47,738 | $46,573 | | Long-term debt, net | $147,953 | $125,023 | | **Total Liabilities** | **$304,461** | **$263,569** | | **Total Shareholders' Equity** | **$554,702** | **$574,171** | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) Q2 2022 net sales grew **53.3%** to **$136.0 million**, but the company reported a **$19.9 million** net loss due to impairment charges and increased expenses Consolidated Statements of Operations Highlights (in thousands) | Metric | Q2 2022 | Q2 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $136,019 | $88,745 | $218,222 | $157,816 | | Gross profit | $86,676 | $59,700 | $135,529 | $106,164 | | Impairment charges | $30,589 | $0 | $30,589 | $0 | | (Loss) income from operations | $(19,942) | $23,238 | $(23,168) | $47,253 | | Net (loss) income | $(19,873) | $19,728 | $(23,108) | $41,962 | | Basic (Loss) Per Share | $(0.19) | N/A | $(0.22) | N/A | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2022, net cash used in operating activities increased to **$11.9 million**, while financing activities provided **$19.0 million** Six Months Ended June 30, Cash Flow Summary (in thousands) | Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(11,912) | $(6,931) | | Net cash (used in) provided by investing activities | $(5,356) | $(20,946) | | Net cash provided by financing activities | $19,012 | $3,006 | | **Net change in cash and cash equivalents** | **$1,627** | **$(24,871)** | [Notes to the Unaudited Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Unaudited%20Consolidated%20Financial%20Statements) Key notes include the adoption of ASC 842, revenue breakdown by channel, details of 2021 acquisitions, and significant impairment charges on goodwill and intangible assets - The company adopted the new lease accounting standard ASU 2016-02 (Topic 842) on January 1, 2022, resulting in the recognition of **$24.9 million** of right-of-use assets and corresponding lease liabilities[39](index=39&type=chunk) Net Sales by Channel (in thousands) | Channel | Q2 2022 | Q2 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | Direct-to-consumer | $116,096 | $71,130 | $176,326 | $133,411 | | Wholesale | $19,923 | $17,615 | $41,896 | $24,405 | | **Total net sales** | **$136,019** | **$88,745** | **$218,222** | **$157,816** | - In Q2 2022, the company identified triggering events, including a sustained stock price decline and weakened demand for ISLE products, leading to an interim impairment test[65](index=65&type=chunk) - The company recorded a **$27.9 million** goodwill impairment charge related to its ISLE reporting unit and a **$2.7 million** impairment charge to a trademark intangible asset[61](index=61&type=chunk)[65](index=65&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant net sales growth driven by acquisitions, offset by impairment charges and increased costs, while maintaining sufficient liquidity despite macroeconomic headwinds - Net sales for Q2 2022 increased **53.3%** to **$136.0 million**, and for H1 2022 increased **38.3%** to **$218.2 million**, primarily driven by acquisitions[134](index=134&type=chunk)[153](index=153&type=chunk) - The company recorded a net loss of **$19.9 million** in Q2 2022, compared to net income of **$19.7 million** in Q2 2021, largely due to **$30.6 million** in impairment charges[134](index=134&type=chunk)[160](index=160&type=chunk) - Gross margin decreased from **67.3%** to **63.7%** for the three months ended June 30, 2022, and from **67.3%** to **62.1%** for the six-month period, primarily due to fair value inventory write-ups from acquisitions[154](index=154&type=chunk)[155](index=155&type=chunk) - Management expressed caution regarding macroeconomic headwinds, including inflation impacting discretionary spending, higher freight costs, and potential supply chain disruptions[135](index=135&type=chunk) - As of June 30, 2022, the company had **$26.7 million** in cash and **$292.5 million** available under its revolving credit facility, which management believes is sufficient for at least the next twelve months[165](index=165&type=chunk)[170](index=170&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate fluctuations on variable-rate debt, inflation, and commodity price changes, with foreign currency risk currently deemed immaterial - The company is exposed to interest rate risk through its variable-rate Revolving Credit Facility and Term Loan, where a **100 bps** increase in LIBOR would raise annual interest expense by about **$1.6 million**[193](index=193&type=chunk) - Inflationary factors, such as rising costs for products and overhead, may adversely affect operating results and gross margins if selling prices cannot be increased accordingly[194](index=194&type=chunk) - Foreign currency risk is not considered material at this time, as international sales (**8.7%** of revenue in H1 2022) are primarily denominated in U.S. dollars[196](index=196&type=chunk) [Item 4. Controls and Procedures](index=39&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2022, with no material changes to internal control over financial reporting - Based on an evaluation as of the end of the period, the principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective[199](index=199&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2022, that have materially affected, or are reasonably likely to materially affect, internal controls[200](index=200&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=40&type=section&id=Item%201.%20Legal%20Proceedings) There have been no material changes to the legal proceedings previously described in the company's 2021 Form 10-K - The company reports no material changes to its legal proceedings since its 2021 Form 10-K filing[202](index=202&type=chunk) [Item 1A. Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's 2021 Form 10-K - The company reports no material changes to the risk factors identified in its 2021 Form 10-K[204](index=204&type=chunk) [Other Items (2-5)](index=40&type=section&id=Other%20Items%20(2-5)) For Q2 2022, there were no unregistered equity sales, no share repurchases, no defaults on senior securities, and no mine safety disclosures - The company reported no unregistered sales of equity securities or company repurchases of its Class A common stock for the three months ended June 30, 2022[205](index=205&type=chunk)[206](index=206&type=chunk) - The company reported no defaults upon senior securities, no mine safety disclosures, and no other information requiring disclosure under Item 5[207](index=207&type=chunk)[208](index=208&type=chunk)[209](index=209&type=chunk) [Item 6. Exhibits](index=41&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files

Solo Brands, Inc. (NYSE:DTC) Q1 2022 Earnings Conference Call May 12, 2022 8:30 AM ET Company Participants Bruce Williams - ICR John Merris - Chief Executive Officer Samuel Simmons - Chief Financial Officer Conference Call Participants Chris Horvers - JP Morgan Robbie Ohmes - Bank of America Kaumil Gajrawala - Credit Suisse Randy Konik - Jefferies Matt Egger - Piper Sandler Operator Hello and welcome to today's Solo Brands, Inc. First Quarter and Fiscal 2022 Financial Results Call. My name is Alex and I wil ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 par value per share DTC New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 par value per share DTC New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d ...

Solo Brands, Inc. (NYSE:DTC) Q4 2021 Results Conference Call March 29, 2022 8:30 AM ET Company Participants Bruce Williams - ICR John Merris - Chief Executive Officer Sam Simmons - Chief Financial Officer Conference Call Participants Randy Connick - Jeffries Robby Ohmes - Bank of America Kaumil Gajrawala - Credit Suisse Peter Keith - Piper Sandler Chris Horvers - JPMorgan Ryan Sundby - William Blair Operator Welcome to today's Solo Brands, Inc. Fourth Quarter and Fiscal Year 2021 Financial Results Call. My ...

Solo Brands, Inc. (NYSE:DTC) Q3 2021 Earnings Conference Call December 8, 2021 8:30 AM ET Company Participants Bruce Williams – ICR John Merris – Chief Executive Officer Samuel Simmons – Chief Financial Officer Conference Call Participants Robert Ohmes – Bank of America Chris Horvers – JPMorgan Randy Konik – Jefferies Sharon Zackfia – William Blair Peter Keith – Analyst Operator Hello and welcome to the Solo Brands, Inc. Third Quarter 2021 Earning Conference Call. My name is Robin and I will be coordinatin ...