secwatch.observer — SEC 8-K summary
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Issuer:     Stabilis Solutions, Inc. (SLNG)
CIK:        0001043186
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001437749-23-022830
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stabilis Solutions Q2 2023 net loss $2.2M; revenue down 44% YoY to $12.9M
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- Net loss ($2.2M) in Q2 2023 flat YoY; revenue $12.9M vs $23.2M in Q2 2022 and $26.8M in Q1 2023.
- Adjusted EBITDA ($0.1M) vs $1.4M in Q2 2022 and $3.5M in Q1 2023.
- Revenue decline from lower pass-through commodity prices, feed gas composition change, completion of short-term bunkering contract, and seasonal demand.
- Capital expenditures $5.2M year-to-date (up ~400% YoY) to support anticipated marine customer growth.
- Cash $8.1M, undrawn $10M revolver; net debt to trailing 12-month Adjusted EBITDA ratio 0.2x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043186/000143774923022830/0001437749-23-022830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043186/000143774923022830/slng20230620_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-022830

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