NASDAQ : HSDT
Solana Company — Financial statements
Financials · Asset Management · United States
Last price 2.26 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 136.64M
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Financial statements
Solana Company (HSDT) reported revenue of 12.07M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 548.00K | 548.00K | 520.00K | 605.00K | 778.00K | 493.00K |
| Other Revenue | 11.52M | 5.47M | 39.00K | 9.00K | 29.00K | |
| Revenue | 12.07M | 6.02M | 520.00K | 644.00K | 787.00K | 522.00K |
| Cost of Revenue | 540.00K | 500.00K | 582.00K | 583.00K | 463.00K | 298.00K |
| Gross Profit | 11.53M | 5.52M | -62.00K | 61.00K | 324.00K | 224.00K |
| Selling, General & Admin | 32.22M | 23.13M | 10.18M | 9.27M | 10.64M | 12.18M |
| Research & Development | 3.51M | 3.51M | 3.66M | 2.94M | 4.26M | 5.99M |
| Amortization of Goodwill & Intangibles | 117.00K | 181.00K | 200.00K | |||
| Other Operating Expenses | 344.60M | 222.72M | ||||
| Operating Expenses | 380.33M | 249.36M | 13.84M | 12.33M | 15.08M | 18.37M |
| Operating Income | -368.80M | -243.84M | -13.90M | -12.27M | -14.76M | -18.14M |
| Interest Expense | -195.45M | -195.82M | -17.00K | -934.00K | ||
| Interest & Investment Income | 257.00K | 100.00K | ||||
| Currency Exchange Gain (Loss) | 785.00K | 785.00K | -803.00K | 275.00K | -756.00K | 10.00K |
| Other Non Operating Income (Expenses) | 403.12M | 397.99M | 2.98M | 3.05M | 3.03M | |
| EBT Excluding Unusual Items | -160.34M | -40.89M | -11.74M | -8.69M | -13.31M | -18.13M |
| Impairment of Goodwill | -757.00K | |||||
| Asset Writedown | -159.00K | |||||
| Pretax Income | -157.27M | -40.89M | -11.74M | -8.85M | -14.07M | -18.13M |
| Net Income | -157.27M | -40.89M | -11.74M | -8.85M | -14.07M | -18.13M |
| Net Income to Common | -157.27M | -40.89M | -11.74M | -8.85M | -14.07M | -18.13M |
| Shares Outstanding (Basic) | 61.14M | 22.05M | ||||
| Shares Outstanding (Diluted) | 61.14M | 22.05M | ||||
| EPS (Basic) | -2.57 | -1.85 | ||||
| EPS (Diluted) | -2.57 | -1.85 | ||||
| Free Cash Flow | -26.94M | -16.51M | -11.05M | -10.45M | -14.33M | -13.44M |
| Free Cash Flow Per Share | -0.44 | -0.75 | ||||
| Gross Margin | 95.53% | 91.69% | -11.92% | 9.47% | 41.17% | 42.91% |
| Operating Margin | -3,054.99% | -4,052.52% | -2,673.65% | -1,905.12% | -1,875.35% | -3,475.48% |
| Profit Margin | -1,302.80% | -679.58% | -2,258.08% | -1,374.22% | -1,788.06% | -3,473.56% |
| Free Cash Flow Margin | -223.19% | -274.46% | -2,124.23% | -1,621.89% | -1,820.46% | -2,575.10% |
| EBITDA | -368.48M | -243.16M | -13.84M | -12.11M | -14.50M | -17.83M |
| D&A For EBITDA | 323.00K | 680.00K | 60.00K | 162.00K | 255.00K | 312.00K |
| EBIT | -368.80M | -243.84M | -13.90M | -12.27M | -14.76M | -18.14M |
| Revenue as Reported | 12.07M | 6.02M | 520.00K | 644.00K | 787.00K | 522.00K |
| Advertising Expenses | 974.00K | 651.00K | 670.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.65M | 7.28M | 1.09M | 5.18M | 14.55M | 11.01M |
| Cash & Short-Term Investments | 3.65M | 7.28M | 1.09M | 5.18M | 14.55M | 11.01M |
| Accounts Receivable | 117.00K | 71.00K | 66.00K | |||
| Other Receivables | 520.00K | 272.00K | 185.00K | |||
| Receivables | 637.00K | 343.00K | 251.00K | |||
| Inventory | 1.12M | 1.04M | 790.00K | 988.00K | 1.10M | |
| Prepaid Expenses | 1.79M | 1.60M | 603.00K | 689.00K | 817.00K | 236.00K |
| Other Current Assets | 23.31M | 21.15M | 697.00K | 140.00K | ||
| Total Current Assets | 28.75M | 31.16M | 3.42M | 7.44M | 16.70M | 12.59M |
| Property, Plant & Equipment | 230.00K | 450.00K | 412.00K | |||
| Goodwill | 763.00K | |||||
| Other Intangible Assets | 24.00K | 140.00K | 333.00K | |||
| Other Long-Term Assets | 147.31M | 272.77M | 118.00K | |||
| Total Assets | 176.05M | 303.93M | 3.54M | 7.69M | 17.29M | 14.10M |
| Accounts Payable | 1.29M | 1.89M | 873.00K | 531.00K | 627.00K | 1.07M |
| Accrued Expenses | 868.00K | 810.00K | 1.11M | 1.18M | 1.22M | 1.43M |
| Current Portion of Leases | 45.00K | 54.00K | 3.00K | |||
| Current Unearned Revenue | 43.00K | 27.00K | 148.00K | |||
| Other Current Liabilities | 316.00K | 175.00K | 85.00K | 60.00K | ||
| Total Current Liabilities | 2.16M | 3.02M | 2.16M | 1.88M | 1.99M | 2.65M |
| Long-Term Leases | 12.00K | 56.00K | ||||
| Long-Term Unearned Revenue | 128.00K | 175.00K | 193.00K | |||
| Other Long-Term Liabilities | 4.21M | 320.00K | 3.32M | 6.92M | ||
| Total Liabilities | 6.37M | 3.02M | 2.48M | 5.34M | 9.14M | 2.85M |
| Common Stock | 4.10M | 44.00K | 1.00K | 1.00K | 4.00K | |
| Additional Paid-In Capital | 513.86M | 513.72M | 172.43M | 162.98M | 159.65M | 149.41M |
| Retained Earnings | -342.64M | -212.59M | -171.70M | -159.96M | -151.11M | -137.03M |
| Comprehensive Income & Other | 227.00K | -261.00K | 333.00K | -673.00K | -388.00K | -1.12M |
| Shareholders' Equity | 169.69M | 300.91M | 1.06M | 2.35M | 8.15M | 11.26M |
| Total Liabilities & Equity | 176.05M | 303.93M | 3.54M | 7.69M | 17.29M | 14.10M |
| Total Debt | 57.00K | 110.00K | 3.00K | |||
| Net Cash (Debt) | 3.65M | 7.28M | 1.09M | 5.12M | 14.44M | 11.00M |
| Net Cash Per Share | 0.06 | 0.33 | ||||
| Filing Date Shares Outstanding | 60.46M | 55.03M | ||||
| Total Common Shares Outstanding | 60.49M | 43.74M | ||||
| Working Capital | 26.59M | 28.14M | 1.26M | 5.56M | 14.71M | 9.94M |
| Book Value Per Share | 2.81 | 6.88 | ||||
| Tangible Book Value | 169.69M | 300.91M | 1.06M | 2.33M | 8.01M | 10.16M |
| Tangible Book Value Per Share | 2.81 | 6.88 | ||||
| Machinery | 302.00K | 432.00K | 650.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -157.27M | -40.89M | -11.74M | -8.85M | -14.07M | -18.13M |
| Depreciation & Amortization | 680.00K | 680.00K | 162.00K | 255.00K | 312.00K | |
| Other Amortization | -680.00K | |||||
| Loss (Gain) From Sale of Assets | -3.06M | 18.00K | ||||
| Asset Writedown & Restructuring Costs | 159.00K | 757.00K | ||||
| Stock-Based Compensation | 8.37M | 9.25M | 2.52M | 1.63M | 2.29M | 4.27M |
| Provision & Write-off of Bad Debts | -22.00K | |||||
| Other Operating Activities | 125.26M | 14.22M | -1.81M | -3.21M | -2.23M | 37.00K |
| Change in Accounts Receivable | -44.00K | -9.00K | 30.00K | |||
| Change in Inventory | -85.00K | -85.00K | -607.00K | 137.00K | -111.00K | -87.00K |
| Change in Accounts Payable | 189.00K | 1.02M | 344.00K | -103.00K | -418.00K | 369.00K |
| Change in Unearned Revenue | -35.00K | -124.00K | -160.00K | |||
| Change in Other Net Operating Assets | -341.00K | -702.00K | 255.00K | -266.00K | -644.00K | -25.00K |
| Operating Cash Flow | -26.94M | -16.51M | -11.04M | -10.42M | -14.31M | -13.39M |
| Capital Expenditures | -5.00K | -29.00K | -17.00K | -54.00K | ||
| Sale of Property, Plant & Equipment | 6.00K | |||||
| Cash Acquisitions | -500.00K | |||||
| Sale (Purchase) of Intangibles | -2.00K | |||||
| Other Investing Activities | -419.33M | -426.53M | ||||
| Investing Cash Flow | -415.59M | -426.53M | -5.00K | -29.00K | -11.00K | -56.00K |
| Long-Term Debt Issued | 880.00K | |||||
| Total Debt Issued | 880.00K | |||||
| Long-Term Debt Repaid | -1.56M | |||||
| Total Debt Repaid | -1.56M | |||||
| Net Debt Issued (Repaid) | -680.00K | |||||
| Issuance of Common Stock | 28.46M | 33.64M | 3.12M | 1.14M | 18.64M | 21.38M |
| Other Financing Activities | 417.49M | 416.28M | 3.83M | -65.00K | -775.00K | -251.00K |
| Financing Cash Flow | 440.10M | 449.24M | 6.95M | 1.08M | 17.87M | 21.13M |
| Foreign Exchange Rate Adjustments | 1.00K | 1.00K | -2.00K | 1.00K | -4.00K | -8.00K |
| Net Cash Flow | -2.43M | 6.19M | -4.09M | -9.37M | 3.54M | 7.67M |
| Free Cash Flow | -26.94M | -16.51M | -11.05M | -10.45M | -14.33M | -13.44M |
| Free Cash Flow Margin | -223.19% | -274.46% | -2,124.23% | -1,621.89% | -1,820.46% | -2,575.10% |
| Free Cash Flow Per Share | -0.44 | -0.75 | ||||
| Levered Free Cash Flow | -367.30M | -285.54M | -5.93M | -6.11M | -8.56M | -6.76M |
| Unlevered Free Cash Flow | -244.47M | -163.15M | -5.92M | -6.11M | -7.97M | -6.76M |
| Cash Interest Paid | 927.00K | |||||
| Change in Working Capital | -237.00K | 230.00K | -8.00K | -311.00K | -1.31M | 127.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 120.92M | 119.36M | 2.50M | 5.69M | 8.65M | 20.44M |
| Enterprise Value | 117.27M | -4.69M | -946.46K | -834.25K | -7.88M | 15.78M |
| Last Close Price | 2.02 | 2.89 | 502.72 | 6,029.40 | 11,508.74 | 194,624.76 |
| PS Ratio | 10.02 | 19.84 | 4.80 | 8.84 | 11.00 | 39.15 |
| PB Ratio | 0.72 | 0.40 | 2.36 | 2.42 | 1.06 | 1.82 |
| P/TBV Ratio | 0.71 | 0.40 | 2.36 | 2.45 | 1.08 | 2.01 |
| EV/Sales Ratio | 9.71 | 30.23 | ||||
| Debt / Equity Ratio | 0.02 | 0.01 | 0.00 | |||
| Net Debt / Equity Ratio | -0.02 | -0.02 | -1.03 | -2.18 | -1.77 | -0.98 |
| Net Debt / EBITDA Ratio | 0.01 | 0.03 | 0.08 | 0.42 | 1.00 | 0.62 |
| Net Debt / FCF Ratio | 0.14 | 0.44 | 0.10 | 0.49 | 1.01 | 0.82 |
| Asset Turnover | 0.13 | 0.04 | 0.09 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | 0.46 | 0.64 | 0.66 | 0.44 | 0.40 | |
| Quick Ratio | 1.69 | 2.41 | 0.50 | 3.10 | 7.49 | 4.24 |
| Current Ratio | 13.31 | 10.33 | 1.58 | 3.96 | 8.40 | 4.75 |
| Return on Equity (ROE) | -179.01% | -27.08% | -688.88% | -168.56% | -145.02% | -239.73% |
| Return on Assets (ROA) | -250.61% | -99.13% | -154.70% | -61.40% | -58.77% | -109.82% |
| Return on Capital Employed (ROCE) | -212.10% | -81.00% | -1,008.20% | -211.10% | -96.50% | -158.50% |
| Earnings Yield | -128.61% | -34.26% | -469.95% | -155.49% | -162.60% | -88.73% |
| FCF Yield | -22.28% | -13.84% | -442.10% | -183.51% | -165.54% | -65.78% |