Soluna Holdings, Inc. (SLNH) Financial Statements (2024 and earlier)

Company Profile

Business Address 325 WASHINGTON AVENUE EXTENSION
ALBANY, NY 12205
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,13610,2582,6303,8283,381462
Cash and cash equivalents1,13610,2582,6303,8283,381462
Restricted cash and investments 685     
Receivables3205319751,406881931
Inventory, net of allowances, customer advances and progress billings   8286946761,006
Inventory   8286946761,006
Disposal group, including discontinued operation  3,028    
Asset, held-for-sale, not part of disposal group      
Other undisclosed current assets2,50111,165346908272
Total current assets:4,64224,9824,7796,0185,0202,471
Noncurrent Assets
Operating lease, right-of-use asset2334051,203
Property, plant and equipment42,50444,597847184160115
Long-term investments and receivables  750750   
Long-term investments  750750   
Intangible assets, net (including goodwill)36,43245,839    
Intangible assets, net (excluding goodwill)36,43245,839    
Restricted cash and investments      
Disposal group, including discontinued operation, noncurrent assets  101    
Deferred income tax assets   759
Other undisclosed noncurrent assets1,1501,020309   
Total noncurrent assets:80,31992,7123,868184160115
TOTAL ASSETS:84,961117,6948,6476,2025,1802,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,2695,8191,3211,2381,0301,059
Taxes payable22   
Accounts payable3,5482,958300325124152
Accrued liabilities2,7212,8591,019913906907
Debt12,0871,000    
Disposal group, including discontinued operation  1,243    
Other undisclosed current liabilities11,1607,621316   
Total current liabilities:29,51615,6831,6371,2381,0301,059
Noncurrent Liabilities
Long-term debt and lease obligation:  237891   
Liabilities, other than long-term debt8,970     
Deferred income tax liabilities8,886  
Operating lease, liability84237891
Other undisclosed noncurrent liabilities20310,549(688)   
Total noncurrent liabilities:9,17311,0231,094   
Total liabilities:38,68926,7062,7311,2381,0301,059
Equity
Equity, attributable to parent, including:41,86690,9885,9164,9644,1501,527
Preferred stock  1    
Common stock201510810410063
Treasury stock, value(13,798)(13,764)(13,764)(13,764)(13,764)(13,754)
Additional paid in capital277,410228,420137,365139,022138,794135,839
Accumulated deficit(221,769)(123,684)(117,793)(120,398)(120,980)(120,621)
Other undisclosed equity, attributable to parent3     
Equity, attributable to noncontrolling interest4,406     
Total equity:46,27290,9885,9164,9644,1501,527
TOTAL LIABILITIES AND EQUITY:84,961117,6948,6476,2025,1802,586

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
Revenues28,54714,3459,5997,0617,0566,330
Revenue, net7,0617,0566,330
Cost of revenue(14,281)(5,626)(3,074)(2,234)(2,722)(2,475)
Cost of goods and services sold   (2,669)(2,234)(2,722)(2,475)
Other cost of operating revenue(14,281)(5,626)(405)   
Gross profit:14,2668,7196,5254,8274,3343,855
Operating expenses(76,081)(10,751)(5,075)(4,239)(4,695)(5,325)
Other undisclosed operating loss(22,975)(2,444)    
Operating income (loss):(84,790)(4,476)1,450588(361)(1,470)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2211104 (7)(2)
Interest and debt expense(19,505)(1,879)    
Income (loss) from continuing operations before equity method investments, income taxes:(104,273)(6,344)1,554588(368)(1,472)
Other undisclosed loss from continuing operations before income taxes(4,089)     
Income (loss) from continuing operations before income taxes:(108,362)(6,344)1,554588(368)(1,472)
Income tax expense (benefit)1,346(44)392(6)9(1,360)
Income (loss) from continuing operations:(107,016)(6,388)1,946582(359)(2,832)
Income (loss) before gain (loss) on sale of properties:(2,649)1,946582(359)(2,832)
Income from discontinued operations  3,739    
Other undisclosed net income (loss)7,921(2,612)    
Net income (loss):(99,095)(5,261)1,946582(359)(2,832)
Net income attributable to noncontrolling interest380     
Net income (loss) attributable to parent:(98,715)(5,261)1,946582(359)(2,832)
Preferred stock dividends and other adjustments (630)     
Net income (loss) available to common stockholders, diluted:(99,345)(5,261)1,946582(359)(2,832)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(99,095)(5,261)1,946582(359)(2,832)
Comprehensive income (loss):(99,095)(5,261)1,946582(359)(2,832)
Comprehensive income, net of tax, attributable to noncontrolling interest380     
Comprehensive income (loss), net of tax, attributable to parent:(98,715)(5,261)1,946582(359)(2,832)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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