---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017464"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:26:56.540476+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Helius Medical pre-announces Q3 revenue $140-150K; cash runway into Q2 2024

## Summary
- Expects Q3 revenue $140-150K, down after PTAP ended June 30, 2023.
- Cash, equivalents and warrant proceeds ~$7.0M, extending runway into Q2 2024.
- Cash used in ops Q3: $2.4-2.5M; first nine months: $8.3-8.4M, reflecting cost management.
- Full Q3 results to be released Nov 9, 2023 after market close.

## SEC filing metadata
- accession: 0001558370-23-017464
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837023017464/0001558370-23-017464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837023017464/hsdt-20231102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017464
- JSON: https://secwatch.observer/filing/0001558370-23-017464.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017464.txt

## Key facts
- Earnings Releases
  Solana Co reported the quarter ended September 30, 2023 results: revenue $140 - $150 thousand. Guidance initiated.
  - Period: the quarter ended September 30, 2023
  - Revenue: $140 - $150 thousand
  - Guidance: initiated
  - Result: preliminary results
  source text: Expects to report Q3 revenues in range of $140 - $150 thousand, reflecting the expected decrease in U.S. sales with the conclusion of the Patient Therapy Access Program (PTAP) on June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000155837023017464/0001558370-23-017464-index.htm

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