Soluna Holdings Inc. (SLNH) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,3681,13610,2582,6303,8283,381
Cash and cash equivalents6,3681,13610,2582,6303,8283,381
Restricted cash and investments2,999685    
Receivables3,3943205319751,406881
Inventory, net of allowances, customer advances and progress billings    828694676
Inventory    828694676
Disposal group, including discontinued operation   3,028   
Asset, held-for-sale, not part of disposal group107     
Other undisclosed current assets1,4162,50111,1653469082
Total current assets:14,2844,64224,9824,7796,0185,020
Noncurrent Assets
Operating lease, right-of-use asset4312334051,203
Property, plant and equipment44,57242,50444,597847184160
Long-term investments and receivables   750750  
Long-term investments   750750  
Intangible assets, net (including goodwill)27,00736,43245,839   
Intangible assets, net (excluding goodwill)27,00736,43245,839   
Deposits noncurrent assets1,028     
Restricted cash and investments1,000     
Disposal group, including discontinued operation, noncurrent assets   101   
Deferred income tax assets    759
Other undisclosed noncurrent assets2,9541,1501,020309  
Total noncurrent assets:76,99280,31992,7123,868184160
TOTAL ASSETS:91,27684,961117,6948,6476,2025,180
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,0056,2695,8191,3211,2381,030
Taxes payable22  
Accounts payable2,0993,5482,958300325124
Accrued liabilities4,9062,7212,8591,019913906
Deferred revenue1,588   
Debt19,33812,0871,000   
Disposal group, including discontinued operation   1,243   
Other undisclosed current liabilities24411,1607,621316  
Total current liabilities:28,17529,51615,6831,6371,2381,030
Noncurrent Liabilities
Long-term debt and lease obligation:   237891  
Liabilities, other than long-term debt9,2438,970    
Deferred revenue 1,248   
Deferred income tax liabilities7,7798,886  
Operating lease, liability21684237891
Other undisclosed noncurrent liabilities49920310,549(688)  
Total noncurrent liabilities:9,7429,17311,0231,094  
Total liabilities:37,91738,68926,7062,7311,2381,030
Equity
Equity, attributable to parent, including:26,51441,86690,9885,9164,9644,150
Preferred stock   1   
Common stock32015108104100
Treasury stock, value(13,798)(13,798)(13,764)(13,764)(13,764)(13,764)
Additional paid in capital291,276277,410228,420137,365139,022138,794
Accumulated deficit(250,970)(221,769)(123,684)(117,793)(120,398)(120,980)
Other undisclosed equity, attributable to parent33    
Equity, attributable to noncontrolling interest26,8454,406    
Total equity:53,35946,27290,9885,9164,9644,150
TOTAL LIABILITIES AND EQUITY:91,27684,961117,6948,6476,2025,180

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
Revenues21,06628,54714,3459,5997,0617,056
Revenue, net7,0617,056
Cost of revenue(15,829)(14,281)(5,626)(3,074)(2,234)(2,722)
Cost of goods and services sold (15,829)  (2,669)(2,234)(2,722)
Other cost of operating revenue  (14,281)(5,626)(405)  
Gross profit:5,23714,2668,7196,5254,8274,334
Operating expenses(25,478)(76,081)(10,751)(5,075)(4,239)(4,695)
Other undisclosed operating loss  (22,975)(2,444)   
Operating income (loss):(20,241)(84,790)(4,476)1,450588(361)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,479)2211104 (7)
Interest and debt expense(6,652)(19,505)(1,879)   
Income (loss) from continuing operations before equity method investments, income taxes:(28,372)(104,273)(6,344)1,554588(368)
Other undisclosed loss from continuing operations before income taxes(398)(4,089)    
Income (loss) from continuing operations before income taxes:(28,770)(108,362)(6,344)1,554588(368)
Income tax expense (benefit)1,0671,346(44)392(6)9
Income (loss) from continuing operations:(27,703)(107,016)(6,388)1,946582(359)
Income (loss) before gain (loss) on sale of properties:(2,649)1,946582(359)
Income from discontinued operations   3,739   
Other undisclosed net income (loss)  7,921(2,612)   
Net income (loss):(27,703)(99,095)(5,261)1,946582(359)
Net income (loss) attributable to noncontrolling interest(1,498)380    
Net income (loss) attributable to parent:(29,201)(98,715)(5,261)1,946582(359)
Preferred stock dividends and other adjustments  (630)    
Other undisclosed net loss available to common stockholders, basic(7,309)     
Net income (loss) available to common stockholders, diluted:(36,510)(99,345)(5,261)1,946582(359)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
Net income (loss):(27,703)(99,095)(5,261)1,946582(359)
Comprehensive income (loss):(27,703)(99,095)(5,261)1,946582(359)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,498)380    
Comprehensive income (loss), net of tax, attributable to parent:(29,201)(98,715)(5,261)1,946582(359)

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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