Soluna Q4 revenue $10.1M (+75% QoQ); Adj EBITDA $1.0M positive for 2nd quarter

Soluna Holdings, Inc

2024-Q1 EPS reported -$2.62 revenue$12,549,000

Q4 record gross profit $4.3M; FY revenue $21.1M, down 26% vs FY22 $28.5M.
FY Adjusted EBITDA improved to -$3.5M from -$4.6M in FY22.
Project Dorothy 1A and 1B generated $13.7M in H2 2023, 65% of FY revenue.
Cash and restricted cash $9.4M at Dec 31, 2023; business model diversified into hosting, mining, AI, ancillary services.

item 2.02 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 the full year ended December 31, 2023 results: revenue $21.1 million.

Period: the full year ended December 31, 2023
Revenue: $21.1 million
Result: reported results

Exact text from the filing

in revenue represented a 75% increase as compared to the third quarter 2023, had a significant positive impact on our full fiscal year results. ● Total 2023 revenue was $21.1 million, a decrease of $7.5 million or 26% as compared to 2022 – The decrease was due mainly to the impacts of the strategic realignment of the Company’s business from a primarily

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Source: SEC EDGAR

accession 0001493152-24-013138

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