---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014508"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T17:38:52.086500+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helius Medical Q2 revenue up 115% YoY to $256K; net loss narrows to $1.6M

## Summary
- Q2 2023 revenue $256K vs $119K in Q2 2022 (+115%); PoNS sales driven by PTAP which ended June 30.
- Net loss $1.6M ($0.06 per share) vs $3.8M ($0.97) prior year; operating loss $3.2M.
- Cash $8.6M at June 30, 2023; no debt; cash burn $2.7M in Q2 (down $0.9M YoY).
- PoNS device awarded DMEPOS accreditation by CMS-authorized TCT, a step toward Medicare reimbursement.
- Guidance: Q3 and FY2023 revenue expected above prior year; U.S. sales to shift to cash-pay post-PTAP.

## SEC filing metadata
- accession: 0001558370-23-014508
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837023014508/0001558370-23-014508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837023014508/hsdt-20230810x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014508
- JSON: https://secwatch.observer/filing/0001558370-23-014508.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014508.txt

## Key facts
- Earnings Releases
  Solana Co reported the quarter ended June 30, 2023 results: revenue $256 thousand, net income $1.6 million, EPS $0.06 per share. Guidance initiated.
  - Period: the quarter ended June 30, 2023
  - Revenue: $256 thousand
  - Net income: $1.6 million
  - EPS: $0.06 per share
  - Guidance: initiated
  - Result: reported results
  source text: Total revenue for the second quarter of 2023 was $256 thousand, an increase of $137 thousand compared to $119 thousand in the second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000155837023014508/0001558370-23-014508-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.