Solana Co

For the period ended Dec 31, 2024. Filed Mar 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 25, 2025

HSDT$1.83-4.9%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(in thousands, except share and per share amounts)


· · · Years Ended December 31,

· · 2024 · 2023

Revenue
Product sales, net	$476	$605
Other revenue	44	39
Total revenue	520	644
Cost of revenue	582	583
Gross (loss) profit	(62)	61
Operating expenses
Selling, general and administrative expenses	10,118	9,271
Research and development expenses	3,659	2,942
Amortization expense	24	117
Fixed asset impairment	40	159
Total operating expenses	13,841	12,489
Loss from operations	(13,903)	(12,428)
Nonoperating income
Interest (expense) income, net	(17)	257
Change in fair value of derivative liability	2,981	2,966
Foreign exchange (loss) gain	(1,006)	275
Other income, net	203	80
Nonoperating income, net	2,161	3,578
Loss before provision for income taxes	(11,742)	(8,850)
Provision for income taxes	—	—
Net loss	(11,742)	(8,850)
Other comprehensive income (loss)
Foreign currency translation adjustments	1,006	(285)
Comprehensive loss	$(10,736)	$(9,135)
Loss per share
Basic	$(4.33)	$(14.56)
Diluted	$(4.33)	$(14.56)
Weighted average number of common shares outstanding
Basic	2,709,781	607,890
Diluted	2,709,781	607,890

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.