Stabilis Solutions Q3 revenue $25.8M (+45% YoY); net income from continuing ops $1.0M

Stabilis Solutions, Inc.

2022-Q3 EPS reported -$0.16 revenue$69,236,000

Revenue $25.8M, up 45% YoY and 12% sequentially; net income from continuing ops $1.0M vs loss of $2.1M in Q2 2022.
Adjusted EBITDA $2.3M vs $1.4M in Q3 2021; net loss $0.3M includes $0.9M unrealized gain on derivatives.
Aerospace and marine bunkering combined for 23% of Q3 revenue, up from ~5% in all of 2021.
Divested Brazilian electrical solutions business on Oct 31, 2022; reported as discontinued operations.

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 0.95

Stabilis Solutions, Inc. reported three and nine months ended September 30, 2022 results: revenue $25.8 million, net income $1.0 million.

Period: three and nine months ended September 30, 2022
Revenue: $25.8 million
Net income: $1.0 million
Result: reported results

Exact text from the filing

Stabilis Solutions Reports Third Quarter 2022 Results Revenue increases 45% from same quarter last year Houston, November 2, 2022 — Stabilis Solutions, Inc. ("Stabilis" or the "Company") (NASDAQ: SLNG), a leading provider of clean energy production, storage, and delivery solutions to multiple end markets, today reported its financial results for its third quarter ended September 30, 2022 . For the third quarter ended September 30, 2022, Stabilis reported revenues of $25.8 million, an increase of 12% sequentially and 45% higher than the third quarter of last year. Net Income from continuing operations was $1.0 million in the quarter, compared to a loss of $2.1 million in second quarter of 2022 and a loss of $4.6 million in the third quarter of last year.

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Source: SEC EDGAR

accession 0001628280-22-027905

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