Soluna Holdings, Inc financial data

Symbol
SLNH, SLNHP on Nasdaq
Industry
Finance Services
Location
325 Washington Avenue Extension, Albany, NY
State of incorporation
NV
Fiscal year end
December 31
Former names
MECHANICAL TECHNOLOGY INC (to 10/29/2021)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 60.6 % +48.4%
Debt-to-equity 165 % +93.8%
Return On Equity -56.8 % +67.8%
Return On Assets -31.5 % +70.2%
Operating Margin -42 % +89%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 5.76M shares -83.9%
Common Stock, Shares, Outstanding 5.23M shares -82.4%
Entity Public Float 5.01M USD -87.2%
Common Stock, Value, Issued 5K USD -83.9%
Weighted Average Number of Shares Outstanding, Basic 2.81M shares +225%
Weighted Average Number of Shares Outstanding, Diluted 4.56M shares +305%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 30.5M USD +36.8%
Cost of Revenue 5.57M USD +126%
General and Administrative Expense 16.3M USD -9.33%
Operating Income (Loss) -9.42M USD +88.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -23.9M USD +76.6%
Income Tax Expense (Benefit) -1.17M USD +28.7%
Net Income (Loss) Attributable to Parent -29.5M USD +70.2%
Earnings Per Share, Basic -13.5 USD/shares +68.9%
Earnings Per Share, Diluted -13.5 USD/shares +68.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.6M USD
Accounts Receivable, after Allowance for Credit Loss, Current 3.43M USD +123%
Inventory, Net 888K USD -3.79%
Assets, Current 27.5M USD +21.2%
Deferred Income Tax Assets, Net 171K USD -77.5%
Property, Plant and Equipment, Net 41.5M USD +9.83%
Operating Lease, Right-of-Use Asset 325K USD -38.2%
Intangible Assets, Net (Excluding Goodwill) 22.3M USD -29.6%
Assets 98.7M USD +2.1%
Accounts Payable, Current 2.45M USD -22.2%
Employee-related Liabilities, Current 423K USD +138%
Accrued Liabilities, Current 6.29M USD +53.4%
Contract with Customer, Liability, Current 2.39M USD
Liabilities, Current 32.5M USD +96.8%
Contract with Customer, Liability, Noncurrent 1.37M USD
Deferred Income Tax Liabilities, Net 6.52M USD -16.3%
Operating Lease, Liability, Noncurrent 169K USD -48%
Liabilities 48.7M USD +28.2%
Retained Earnings (Accumulated Deficit) -267M USD -12.4%
Stockholders' Equity Attributable to Parent 24.4M USD -25.6%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 49.9M USD -14.8%
Liabilities and Equity 98.7M USD +2.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 3.85M USD
Net Cash Provided by (Used in) Financing Activities -2M USD -130%
Net Cash Provided by (Used in) Investing Activities -827K USD -90.1%
Common Stock, Shares Authorized 75M shares 0%
Common Stock, Shares, Issued 5.27M shares -82.9%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1.03M USD -68.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities 115K USD +1817%
Deferred Tax Assets, Valuation Allowance 37.2M USD +13.4%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 36.8M USD +20%
Operating Lease, Liability 328K USD -38.3%
Depreciation 5.77M USD -42.8%
Payments to Acquire Property, Plant, and Equipment 524K USD -39.1%
Lessee, Operating Lease, Liability, to be Paid 406K USD -37%
Property, Plant and Equipment, Gross 48.3M USD +22.2%
Operating Lease, Liability, Current 159K USD -23.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 29K USD -62.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 79K USD -67.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure -12.6%
Deferred Income Tax Expense (Benefit) -1.28M USD +24%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 78K USD -30.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 29K USD 0%
Deferred Tax Assets, Operating Loss Carryforwards 29M USD +51.3%
Current Income Tax Expense (Benefit) 0 USD
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 29K USD 0%
Additional Paid in Capital 305M USD +7.43%
Amortization of Intangible Assets 9.5M USD 0%
Deferred Tax Assets, Net of Valuation Allowance 171K USD
Interest Expense 1.76M USD -56.5%