Solo Brands falls on going concern doubts

Apparel company Solo Brands' DTC.N shares down 3% at $0.6351 premarket

Company discloses going concern doubts and is evaluating refinancing strategies

Co posts Q4 net sales decrease of 13.2% to $143.5 million, misses estimates of $162.1 million, according to data compiled by LSEG

"As a part of our transformation plan, we hired external financial advisors to help us go through every line item of the business" - CEO John Larson

Appoints Peter Laurinaitis to its Board of Directors to aid in turnaround

DTC stock has fallen about 42.5% YTD as of last close, fell 81.49% in 2024