Stabilis Q4 revenue $29.6M (+42% YoY); net income $0.2M vs loss $2.3M; FY revenue $98.8M (+43%)

Stabilis Solutions, Inc.

Q4 2022 net income from continuing ops $0.2M, compared to net loss of $2.3M in Q4 2021.
Q4 2022 Adjusted EBITDA $3.9M, up from $0.7M in Q4 2021.
Full year 2022 revenue $98.8M, up 43% from $69.2M in 2021; net loss from continuing ops narrowed to $1.2M from $7.6M.
Cash from continuing operations $13.6M in 2022 vs $4.7M in 2021; cash on hand $11.5M as of Dec 31, 2022.
CEO cites cost rationalization and pricing strategies for improved profitability and foundation for new market expansion.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Stabilis Solutions, Inc. reported three months ended December 31, 2021 results: net income loss of $2.3 million in the fourth quarter of last year.

Period: three months ended December 31, 2021
Net income: loss of $2.3 million in the fourth quarter of last year
Result: reported results

Exact text from the filing

Net income from continuing operations was $0.2 million in the quarter, compared to $1.0 million in the third quarter of 2022 and a loss of $2.3 million in the fourth quarter of last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stabilis Solutions, Inc. reported twelve months ended December 31, 2022 results: revenue Full year 2022 revenues totaled $98.8 million, net income Net loss from continuing operations was $1.2 million for the full year.

Period: twelve months ended December 31, 2022
Revenue: Full year 2022 revenues totaled $98.8 million
Net income: Net loss from continuing operations was $1.2 million for the full year
Result: reported results

Exact text from the filing

Full year 2022 revenues totaled $98.8 million, an increase of 43% compared to $69.2 million reported in 2021. Net loss from continuing operations was $1.2 million for the full year

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stabilis Solutions, Inc. reported full year ended December 31, 2021 results: revenue $69.2 million reported in 2021, net income net loss from continuing operations of $7.6 million for 2021.

Period: full year ended December 31, 2021
Revenue: $69.2 million reported in 2021
Net income: net loss from continuing operations of $7.6 million for 2021
Result: reported results

Exact text from the filing

Full year 2022 revenues totaled $98.8 million, an increase of 43% compared to $69.2 million reported in 2021. Net loss from continuing operations was $1.2 million for the full year, compared to a net loss from continuing operations of $7.6 million for 2021.

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Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-007060

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