SOLANA COMPANY
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0M | $520.0K | $644.0K | $787.0K | $522.0K | $661.0K | $1.5M | $478.0K |
| Cost of Revenue | $500.0K | $582.0K | $583.0K | $463.0K | $298.0K | $388.0K | $846.0K | — |
| Gross Profit | $5.5M | $-62.0K | $61.0K | $324.0K | $224.0K | $273.0K | $650.0K | $478.0K |
| Gross Margin | 91.7% | -11.9% | 9.5% | 41.2% | 42.9% | 41.3% | 43.4% | 100.0% |
| Operating Expenses | ||||||||
| Research & Development | $3.5M | $3.7M | $2.9M | $4.3M | $6.0M | $4.6M | $8.1M | $9.9M |
| SG&A Expense | $23.1M | $10.2M | $9.3M | $10.6M | $12.2M | $9.7M | $16.5M | $17.2M |
| Operating Income | $-243.8M | $-13.9M | $-12.4M | $-15.5M | $-18.1M | $-14.4M | $-24.0M | $-26.7M |
| Operating Margin | -4,052.5% | -2,673.7% | -1,929.8% | -1,971.5% | -3,475.5% | -2,176.4% | -1,604.0% | -5,580.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-40.9M | $-11.7M | $-8.9M | $-14.1M | $-18.1M | $-14.1M | $9.8M | $28.6M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Net Income | $-40.9M | $-11.7M | $-8.9M | $-14.1M | $-18.1M | $-14.1M | $-9.8M | $-28.6M |
| Net Margin | -679.6% | -2,258.1% | -1,374.2% | -1,788.1% | -3,473.6% | -2,137.7% | -653.8% | -5,988.1% |
| EPS (Basic) | $-1.85 | $-410.28 | $-0.46 | $-0.81 | $-0.12 | $-0.09 | $-0.10 | $-0.01 |
| EPS (Diluted) | $-1.85 | $-410.28 | $-0.46 | $-0.81 | $-0.12 | $-0.09 | $-0.10 | $-0.01 |
| Shares Outstanding (Basic) | 22.0M | 21.7M | 19.5M | 17.3M | 157.2M | 153.3M | 96.4M | 2.92B |
| Shares Outstanding (Diluted) | 22.0M | 21.7M | 19.5M | 17.3M | 157.2M | 153.3M | 96.4M | 2.92B |
| Dividends Per Share | — | — | — | — | — | — | — | — |