Solo Brands Inc Stock Price, News & Analysis

Solo Stove (NYSE: DTC), known for smokeless fire pits, is expanding into the cooler market with the launch of the Solo Windchill 47 Cooler. The innovative 47-quart cooler, priced at $649.99, features a built-in portable air conditioner and misting system, making it the first cooler that actively cools users. The product offers three cooling methods: premium foam insulation for food and drinks, an integrated air conditioner, and a misting system using melted ice.

The cooler can hold 65 cans and provides over three hours of active cooling on a single charge. Additional features include accessory attachments, bottle opener, charging ports, all-terrain wheels, and a telescoping handle. Available in two colors, the Windchill 47 launches for pre-order on May 14th, with shipping beginning in early June 2025, exclusively through SoloStove.com.

Solo Brands Inc. (NYSE: DTC), a multi-brand platform featuring Solo Stove, Chubbies, Oru Kayak, ISLE, and TerraFlame, has scheduled its fiscal 2025 first quarter earnings release for May 12, 2025, before market opening. The company will host a conference call at 9:00 a.m. ET to discuss strategy and financial results.

Investors and analysts can join the call by dialing 1-866-652-5200 (1-412-317-6060 for international callers). A live webcast will be available on the company's investor relations website. A replay will be accessible until May 19, 2025, via phone (1-877-344-7529; international: 1-412-317-0088) using access code 5437505, and the webcast replay will be available for one year.

Solo Brands (NYSE: DTC) has formally appealed NYSE Regulation's decision to delist its Class A common stock. The delisting determination was made on April 22, 2025, due to \"abnormally low\" price levels under Section 802.01D of the Listed Company Manual. Trading of DTC stock on NYSE has been suspended, and shares are currently trading on the OTC Pink Market under symbol \"DTCB\".

Interim CEO John Larson stated that the current trading price and market capitalization don't reflect the company's true value. To regain compliance with NYSE listing standards, Solo Brands plans to implement a reverse stock split. During the appeal period, the stock will remain listed on NYSE (though suspended) while the company continues to operate under SEC regulations and NYSE requirements.

GoPro (NASDAQ: GPRO) has announced significant changes to its Board of Directors. The company has appointed Mick Lopez, an experienced financial executive, as an immediate addition to the board. Lopez brings extensive experience from his roles at Vista Outdoors, L3 Harris, IBM, and Cisco Systems, and currently serves on Zeekr Technologies' board.

Additionally, GoPro has nominated two new candidates for board election at the June 3, 2025 stockholder meeting: Mike Dennison, CEO of Fox Factory Holding Corp., who manages ~$1.4B in global operations across 29 locations, and Emily Culp, Chief Strategy & Brand Officer at BodyHealth.com, who successfully scaled company revenues to over $100M.

Solo Brands (NYSE: DTC) has appointed Peter Laurinaitis to its Board of Directors, bringing extensive experience in financial strategy and restructuring. Laurinaitis, formerly a Partner and Senior Advisor at PJT Partners, has a proven track record spanning three decades in financial strategy, special situations, capital-raising, M&A, and restructuring advisory.

His notable achievements include raising several billion dollars in fresh capital across various sectors and implementing restructuring strategies that managed over $100 billion in liabilities. Previously, he served as Senior Managing Director at The Blackstone Group's restructuring practice and as a turnaround consultant at Arthur Andersen. He currently serves as Independent Director of FirstElement Fuel.

Solo Brands (NYSE: DTC) reported challenging Q4 2024 results with net sales declining 13.2% to $143.5 million. The company posted a net loss of $58.2 million, or $0.63 per share. The decline was primarily driven by the Solo Stove segment, while Chubbies showed growth.

Key Q4 metrics include:

• Gross profit margin improved to 61.1%, up 280 basis points
• Operating expenses decreased 57.6% to $143.0 million
• Adjusted EBITDA was $6.3 million, representing 4.4% of net sales

The company disclosed substantial doubt about its ability to continue as a going concern. As of December 31, 2024, Solo Brands had $12.0 million in cash, $108.6 million in inventory, and outstanding borrowings of $152 million. The company is implementing a transformation plan with 30+ value accretive initiatives and evaluating strategies to refinance existing debt.

Solo Brands (NYSE: DTC), the omni-channel platform featuring brands like Solo Stove, Chubbies, Oru Kayak, ISLE, and TerraFlame, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for March 12, 2025, before market opening.

The company will host a conference call at 9:00 a.m. ET to discuss strategy and financial results. Investors and analysts can join by dialing 1-866-652-5200 (international: 1-412-317-6060). A live webcast will be available on the company's investor relations website, with replay access until March 19, 2025, using access code 1021839.

Solo Brands (NYSE: DTC) has received a notice from the New York Stock Exchange (NYSE) on February 25, 2025, indicating non-compliance with continued listing standards due to its Class A common stock's average closing price falling below $1.00 over a consecutive 30 trading-day period.

The company has a six-month cure period to regain compliance with the minimum share price requirement. Solo Brands must notify NYSE within 10 business days of its intent to cure the deficiency, which may include implementing a reverse stock split, subject to board and stockholder approval.

During this period, DTC's Class A common stock will continue trading on NYSE, provided other listing requirements are met. The company can regain compliance if its stock closes at $1.00 or higher and maintains an average closing price of at least $1.00 over a 30-day trading period. The notice does not impact business operations, SEC reporting obligations, or debt commitments.