Solana Company (HSDT)

Name: Solana Company Financial Statements
Creator: Quarter Results

Healthcare | Medical Devices

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$3.6M

Net Income

-$99.8M

Operating Margin

-48.3%

Free Cash Flow

-$11.0M

Debt / Assets

70.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Solana Company (HSDT).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	3,621,000	49,000	152,000	51,000
Cost of Revenue	180,000	121,000	154,000	187,000
Gross Profit	3,441,000	-72,000	-2,000	-136,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	5,189,000	2,994,000	2,178,000	2,850,000
Operating Expenses	5,189,000	3,939,000	3,145,000	3,934,000
Operating Income	-1,748,000	-4,011,000	-3,147,000	-4,070,000
Interest Expense	0	0	0	0
Income Before Tax	-99,799,000	-3,838,000	-3,928,000	-3,686,000
Income Tax Expense	0	0	0	0
Net Income	-99,799,000	-3,838,000	-3,928,000	-3,686,000
Per Share
EPS	-1.30	-7.65	-1.45	-0.99
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Solana Company (HSDT).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	6,017,000	520,000	644,000	787,000	522,000
Cost of Revenue	500,000	582,000	583,000	463,000	298,000
Gross Profit	5,517,000	-62,000	61,000	324,000	224,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	23,127,000	10,118,000	9,271,000	10,640,000	12,176,000
Operating Expenses	26,638,000	13,841,000	12,489,000	15,083,000	18,366,000
Operating Income	-21,121,000	-13,903,000	-12,428,000	-14,759,000	-18,142,000
Interest Expense	635,000	0	0	834,000	0
Income Before Tax	-40,890,000	-11,742,000	-8,850,000	-14,072,000	-18,132,000
Income Tax Expense	0	0	0	-1,514,000	0
Net Income	-40,890,000	-11,742,000	-8,850,000	-12,558,000	-18,132,000
Per Share
EPS	-1.85	-4.33	-14.56	-46.52	-0.43
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Solana Company (HSDT).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	1,088,000	5,182,000	14,549,000	11,005,000
Short Term Investments	0	0	0	0
Net Receivables	635,000	637,000	343,000	251,000
Inventory	1,036,000	457,000	589,000	476,000
Total Current Assets	3,417,000	7,438,000	16,697,000	12,594,000
Property Plant Equipment	118,000	230,000	450,000	412,000
Goodwill and Intangibles	0	24,000	140,000	1,096,000
Total Assets	3,542,000	7,692,000	17,287,000	14,102,000
Liabilities
Account Payables	873,000	531,000	627,000	1,069,000
Short Term Debt	24,000	90,000	54,000	3,000
Total Current Liabilities	2,163,000	1,879,000	1,988,000	2,653,000
Long Term Debt	0	24,000	56,000	0
Total Liabilities	2,483,000	5,342,000	9,136,000	2,846,000
Shareholders Equity
Retained Earnings	-171,699,000	-159,957,000	-151,107,000	-137,035,000
Total Shareholders Equity	1,059,000	2,350,000	8,151,000	11,256,000

Balance sheet annual history for Solana Company (HSDT).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	1,088,000	5,182,000	14,549,000	11,005,000	3,331,000
Short Term Investments	0	0	0	0	0
Net Receivables	635,000	637,000	343,000	251,000	230,000
Inventory	1,036,000	457,000	589,000	476,000	389,000
Total Current Assets	3,417,000	7,438,000	16,697,000	12,594,000	4,685,000
Property Plant Equipment	118,000	230,000	450,000	412,000	576,000
Goodwill and Intangibles	0	24,000	140,000	1,096,000	1,286,000
Total Assets	3,542,000	7,692,000	17,287,000	14,102,000	6,547,000
Liabilities
Account Payables	873,000	531,000	627,000	1,069,000	747,000
Short Term Debt	24,000	90,000	54,000	3,000	59,000
Total Current Liabilities	2,163,000	1,879,000	1,988,000	2,653,000	2,424,000
Long Term Debt	0	24,000	56,000	0	0
Total Liabilities	2,483,000	5,342,000	9,136,000	2,846,000	2,676,000
Shareholders Equity
Retained Earnings	-171,699,000	-159,957,000	-151,107,000	-137,035,000	-118,903,000
Total Shareholders Equity	1,059,000	2,350,000	8,151,000	11,256,000	3,871,000

Cash flow quarterly history for Solana Company (HSDT).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-11,742,000	-8,850,000	-14,072,000	-18,132,000
Depreciation & Amortization	60,000	162,000	255,000	0
Stock Based Compensation	0	1,629,000	2,254,000	0
Change in Working Capital	-8,000	-311,000	-1,306,000	127,000
Operating Cash Flow	-11,041,000	-10,416,000	-14,310,000	-13,388,000
Investing Activities
Capital Expenditure	-5,000	-29,000	-17,000	0
Investments	-5,000	-29,000	-17,000	0
Investing Cash Flow	-5,000	-29,000	-11,000	-56,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	6,954,000	1,077,000	18,644,000	0
Dividends Paid	0	0	0	0
Financing Cash Flow	6,954,000	1,077,000	17,869,000	21,126,000
Summary
Free Cash Flow	-11,046,000	-10,445,000	-14,327,000	-13,388,000
Net Change in Cash	-4,094,000	-9,367,000	3,544,000	7,674,000

Cash flow annual history for Solana Company (HSDT).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-11,742,000	-8,850,000	-14,072,000	-18,132,000	-14,130,000
Depreciation & Amortization	60,000	162,000	255,000	0	482,000
Stock Based Compensation	0	1,629,000	2,254,000	0	2,529,000
Change in Working Capital	-8,000	-311,000	-1,306,000	127,000	-1,016,000
Operating Cash Flow	-11,041,000	-10,416,000	-14,310,000	-13,388,000	-11,738,000
Investing Activities
Capital Expenditure	-5,000	-29,000	-17,000	0	-70,000
Investments	-5,000	-29,000	-17,000	0	-63,000
Investing Cash Flow	-5,000	-29,000	-11,000	-56,000	-9,000
Financing Activities
Debt Repayment	0	0	0	0	-323,000
Common Stock Issued/Repurchased	6,954,000	1,077,000	18,644,000	0	10,653,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	6,954,000	1,077,000	17,869,000	21,126,000	9,638,000
Summary
Free Cash Flow	-11,046,000	-10,445,000	-14,327,000	-13,388,000	-11,808,000
Net Change in Cash	-4,094,000	-9,367,000	3,544,000	7,674,000	-2,128,000