Stabilis Solutions Inc
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
SLNG$3.65+2.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues: | ||
| Revenues | $73,114 | $98,823 |
| Operating expenses: | ||
| Costs of revenues | 54,919 | 77,694 |
| Change in unrealized loss (gain) on natural gas derivatives | (541) | 878 |
| Selling, general and administrative expenses | 12,893 | 13,191 |
| Gain from disposal of fixed assets | (1,223) | (34) |
| Depreciation expense | 7,878 | 8,664 |
| Total operating expenses | 73,926 | 100,393 |
| Loss from operations before equity income | (812) | (1,570) |
| Net equity income from foreign joint venture operations: | ||
| Income from equity investment in foreign joint venture | 1,897 | 1,881 |
| Foreign joint venture operating related expenses | (206) | (283) |
| Net equity income from foreign joint venture operations | 1,691 | 1,598 |
| Income from operations | 879 | 28 |
| Other income (expense): | ||
| Interest expense, net | (256) | (591) |
| Interest expense, net - related parties | (78) | (179) |
| Other income (expense) | (176) | (185) |
| Total other income (expense) | (510) | (955) |
| Income (loss) from continuing operations before income tax expense | 369 | (927) |
| Income tax expense | 244 | 265 |
| Net income (loss) from continuing operations | 125 | (1,192) |
| Loss from discontinued operations, net of income taxes of $0 and $149, respectively | — | (1,994) |
| Net income (loss) | $125 | $(3,186) |
| Net income (loss) per common share: | ||
| Basic income (loss) per common share from continuing operations | $0.01 | $(0.07) |
| Basic loss per common share from discontinued operations | $— | $(0.11) |
| Basic net income (loss) per common share | $0.01 | $(0.17) |
| Diluted income (loss) per common share from continuing operations | $0.01 | $(0.07) |
| Diluted loss per common share from discontinued operations | $— | $(0.11) |
| Diluted net income (loss) per common share | $0.01 | $(0.17) |
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