Soluna Q3 net loss $55.9M ($3.94/sh) on $28.1M impairment and $12.3M debt loss

Soluna Holdings, Inc

2023-Q3 EPS reported -$132.82 revenue$24,364,000

Revenue $6.4M, up from $3.1M YoY; cryptocurrency mining revenue $5.4M vs $2.0M.
Net loss $(55.9)M, or $(3.94) per share, vs $(0.6)M loss YoY; includes $28.1M fixed asset impairment and $12.3M debt extinguishment loss.
Non-GAAP adjusted EBITDA loss of $(3.6)M; BTC equivalents mined up 12.4% from Q2.
G&A expenses rose to $5.7M from $2.3M YoY, driven by personnel and complex transactions.
Project Dorothy energization pending ERCOT approval; expected to double operating footprint.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Soluna Holdings, Inc reported fiscal quarter ended September 30, 2022 results: revenue $6.4 million, net income $(55.9) million, EPS $(3.94) per share.

Period: fiscal quarter ended September 30, 2022
Revenue: $6.4 million
Net income: $(55.9) million
EPS: $(3.94) per share
Result: reported results

Exact text from the filing

one of the lowest cost facilities of its kind in North America.” Third Quarter 2022 Financial Results Key Financial Highlights for the third quarter include ● Total revenue of $6.4 million for the three-month period ended September 30, 2022, as compared to $3.1 million for the same year-over-year period. The increase was driven primarily by an additional site

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Source: SEC EDGAR

accession 0001493152-22-032465

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