Solana Company Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Solana Company has an operating margin of -2673.7%, meaning the company retains $-2674 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1929.8% the prior year.
Solana Company's revenue declined 19.3% year-over-year, from $644K to $520K. This contraction results in a growth score of 0/100.
Solana Company has elevated debt relative to equity (D/E of 2.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.
Solana Company's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
While Solana Company generated -$11.0M in operating cash flow, capex of $5K consumed most of it, leaving -$11.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Solana Company passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Solana Company generates $0.94 in operating cash flow (-$11.0M OCF vs -$11.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Solana Company (HSDT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Solana Company generated $520K in revenue in fiscal year 2024. This represents a decrease of 19.3% from the prior year.
Solana Company's EBITDA was -$13.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.9% from the prior year.
Solana Company generated -$11.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 5.8% from the prior year.
Solana Company reported -$11.7M in net income in fiscal year 2024. This represents a decrease of 32.7% from the prior year.
Solana Company earned $-4.33 per diluted share (EPS) in fiscal year 2024. This represents an increase of 70.3% from the prior year.
Solana Company held $1.1M in cash against $0 in long-term debt as of fiscal year 2024.
Solana Company had 4,936 shares outstanding in fiscal year 2024. This represents a decrease of 99.3% from the prior year.
Solana Company's gross margin was -11.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 21.4 percentage points from the prior year.
Solana Company's operating margin was -2673.7% in fiscal year 2024, reflecting core business profitability. This is down 743.8 percentage points from the prior year.
Solana Company's net profit margin was -2258.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 883.9 percentage points from the prior year.
Solana Company invested $3.7M in research and development in fiscal year 2024. This represents an increase of 24.4% from the prior year.
Solana Company invested $5K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 82.8% from the prior year.
HSDT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $697K+1520.9% | $43K-12.2% | $49K-67.8% | $152K-16.5% | $182K+34.8% | $135K+0.7% | $134K-6.3% | $143K |
| Cost of Revenue | $103K+7.3% | $96K-20.7% | $121K-21.4% | $154K+30.5% | $118K-4.1% | $123K+36.7% | $90K-51.9% | $187K |
| Gross Profit | $594K+1220.8% | -$53K+26.4% | -$72K-3500.0% | -$2K-103.1% | $64K+433.3% | $12K-72.7% | $44K+200.0% | -$44K |
| R&D Expenses | $858K+4.4% | $822K-13.0% | $945K+2.3% | $924K+6.2% | $870K+10.4% | $788K+21.2% | $650K-10.0% | $722K |
| SG&A Expenses | $4.6M+89.9% | $2.4M-18.3% | $3.0M+37.9% | $2.2M-11.6% | $2.5M-6.7% | $2.6M+61.3% | $1.6M-25.7% | $2.2M |
| Operating Income | -$35.5M-967.1% | -$3.3M+17.2% | -$4.0M-27.5% | -$3.1M+3.8% | -$3.3M+4.3% | -$3.4M-52.1% | -$2.2M+28.8% | -$3.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Net Income | -$352.8M-3487.6% | -$9.8M-156.2% | -$3.8M+2.3% | -$3.9M-143.7% | -$1.6M+35.9% | -$2.5M-140.8% | -$1.0M+71.5% | -$3.7M |
| EPS (Diluted) | $-32.89+58.7% | $-79.73 | $-0.51-100.0% | $1228.40 | $-485.30 | $-3.08-78.0% | $-1.73+68.5% | $-5.49 |
HSDT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $475.9M+5929.6% | $7.9M+126.5% | $3.5M-1.6% | $3.5M-60.0% | $8.8M+53.7% | $5.8M-25.2% | $7.7M-13.1% | $8.9M |
| Current Assets | $125.7M+1510.4% | $7.8M+130.5% | $3.4M-1.1% | $3.4M-60.4% | $8.6M+56.4% | $5.5M-25.7% | $7.4M-13.3% | $8.6M |
| Cash & Equivalents | $124.1M+1941.0% | $6.1M+448.1% | $1.1M+1.9% | $1.1M-83.0% | $6.4M+75.6% | $3.6M-29.8% | $5.2M-21.4% | $6.6M |
| Inventory | $1.1M-1.1% | $1.1M+2.5% | $1.1M+7.4% | $1.0M+26.2% | $821K+113.8% | $384K-16.0% | $457K-12.3% | $521K |
| Accounts Receivable | N/A | $12K | N/A | $70K-42.1% | $121K+146.9% | $49K-58.1% | $117K+24.5% | $94K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $628.3M+33553.6% | $1.9M-15.3% | $2.2M-11.2% | $2.5M-1.0% | $2.5M-33.5% | $3.8M-29.4% | $5.3M-8.4% | $5.8M |
| Current Liabilities | $3.1M+73.9% | $1.8M-9.9% | $2.0M-7.4% | $2.2M+5.2% | $2.1M+30.5% | $1.6M-16.1% | $1.9M+30.9% | $1.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$152.4M-2629.7% | $6.0M+370.6% | $1.3M+20.9% | $1.1M-83.3% | $6.3M+219.2% | $2.0M-15.5% | $2.4M-22.2% | $3.0M |
| Retained Earnings | -$538.1M-190.3% | -$185.4M-5.6% | -$175.5M-2.2% | -$171.7M-4.6% | -$164.1M-1.0% | -$162.5M-1.6% | -$160.0M-0.7% | -$158.9M |
HSDT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M-46.7% | -$2.8M+22.0% | -$3.5M-48.7% | -$2.4M+17.7% | -$2.9M+3.7% | -$3.0M-47.5% | -$2.0M+17.0% | -$2.5M |
| Capital Expenditures | N/A | N/A | N/A | $0 | $0-100.0% | $5K+66.7% | $3K-50.0% | $6K |
| Free Cash Flow | N/A | N/A | N/A | -$2.4M+17.7% | -$2.9M+3.8% | -$3.0M-47.6% | -$2.0M+17.1% | -$2.5M |
| Investing Cash Flow | N/A | N/A | N/A | $0 | $0+100.0% | -$5K-66.7% | -$3K+50.0% | -$6K |
| Financing Cash Flow | $389.4M+4940.1% | $7.7M+117.2% | $3.6M | $0-100.0% | $5.6M+285.5% | $1.5M+135.2% | $622K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HSDT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.2%+208.5pp | -123.3%+23.7pp | -146.9%-145.6pp | -1.3%-36.5pp | 35.2%+26.3pp | 8.9%-24.0pp | 32.8%+63.6pp | -30.8% |
| Operating Margin | -5086.1%+2639.5pp | -7725.6%+460.1pp | -8185.7%-6115.3pp | -2070.4%-273.7pp | -1796.7%+733.7pp | -2530.4%-854.3pp | -1676.1%+528.8pp | -2204.9% |
| Net Margin | -50612.3%-27744.9pp | -22867.4%-15034.8pp | -7832.6%-5248.4pp | -2584.2%-1698.5pp | -885.7%+978.0pp | -1863.7%-1083.8pp | -779.9%+1781.7pp | -2561.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -74.1%+50.5pp | -124.6%-14.4pp | -110.2%+0.7pp | -110.9%-92.7pp | -18.2%+25.5pp | -43.7%-30.1pp | -13.6%+27.8pp | -41.4% |
| Current Ratio | 40.03+35.7 | 4.32+2.6 | 1.69+0.1 | 1.58-2.6 | 4.20+0.7 | 3.51-0.5 | 3.96-2.0 | 5.98 |
| Debt-to-Equity | -4.12-4.4 | 0.31-1.4 | 1.72-0.6 | 2.34+1.9 | 0.40-1.5 | 1.90-0.4 | 2.27+0.3 | 1.93 |
| FCF Margin | N/A | N/A | N/A | -1564.5%+24.0pp | -1588.5%+638.2pp | -2226.7%-706.5pp | -1520.1%+198.7pp | -1718.9% |
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Frequently Asked Questions
What is Solana Company's annual revenue?
Solana Company (HSDT) reported $520K in total revenue for fiscal year 2024. This represents a -19.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Solana Company's revenue growing?
Solana Company (HSDT) revenue declined by 19.3% year-over-year, from $644K to $520K in fiscal year 2024.
Is Solana Company profitable?
No, Solana Company (HSDT) reported a net income of -$11.7M in fiscal year 2024, with a net profit margin of -2258.1%.
What is Solana Company's earnings per share (EPS)?
Solana Company (HSDT) reported diluted earnings per share of $-4.33 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Solana Company's EBITDA?
Solana Company (HSDT) had EBITDA of -$13.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Solana Company's gross margin?
Solana Company (HSDT) had a gross margin of -11.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Solana Company's operating margin?
Solana Company (HSDT) had an operating margin of -2673.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Solana Company's net profit margin?
Solana Company (HSDT) had a net profit margin of -2258.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Solana Company's free cash flow?
Solana Company (HSDT) generated -$11.0M in free cash flow during fiscal year 2024. This represents a -5.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Solana Company's operating cash flow?
Solana Company (HSDT) generated -$11.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Solana Company's total assets?
Solana Company (HSDT) had $3.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Solana Company's capital expenditures?
Solana Company (HSDT) invested $5K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Solana Company spend on research and development?
Solana Company (HSDT) invested $3.7M in research and development during fiscal year 2024.
How many shares does Solana Company have outstanding?
Solana Company (HSDT) had 4,936 shares outstanding as of fiscal year 2024.
What is Solana Company's current ratio?
Solana Company (HSDT) had a current ratio of 1.58 as of fiscal year 2024, which is generally considered healthy.
What is Solana Company's debt-to-equity ratio?
Solana Company (HSDT) had a debt-to-equity ratio of 2.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solana Company's return on assets (ROA)?
Solana Company (HSDT) had a return on assets of -331.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Solana Company's cash runway?
Based on fiscal year 2024 data, Solana Company (HSDT) had $1.1M in cash against an annual operating cash burn of $11.0M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Solana Company's Piotroski F-Score?
Solana Company (HSDT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Solana Company's earnings high quality?
Solana Company (HSDT) has an earnings quality ratio of 0.94x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Solana Company?
Solana Company (HSDT) scores 14 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.