A Business at a Glance
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Unless the context requires otherwise in this Annual Report, the terms “SHI,” “Soluna,” the “Company,” “we,” “us,” and “our” refer to Soluna Holdings, Inc. together with its consolidated subsidiaries, “SDI” refers to Soluna Digital, Inc. “SCI” refers to Soluna Computing, Inc., formerly known as EcoChain, Inc., “Soluna Cloud” or “Cloud” refer to Soluna Cloud, Inc., and “SEI” refers to Soluna Energy, Inc. Other trademarks, trade names, and service marks used in this Annual Report are the property of their respective owners. Our mission is to make renewable energy a global superpower using computing as a catalyst. We develop and operate digital infrastructure that taps into a growing global opportunity: the convergence of renewable energy and High-Performance Computing (HPC). We call this model Renewable Computing™. Across the world, vast amounts of clean energy go to waste due to curtailment.
| Metric | TTM | FY2020 | FY2019 |
|---|---|---|---|
| Revenue | 29M | 9.6M | 6.6M |
| Net Income | -79M | 1.9M | 323K |
| EPS | $-9.44 | $5.00 | $0.75 |
| Free Cash Flow | -27M | 787K | 206K |
| ROIC | -119.0% | 37.3% | 7.4% |
| Gross Margin | - | 72.2% | 66.4% |
| Debt/Equity | 1.61 | 0.46 | 0.50 |
| Dividends/Share | $0.00 | - | $8.22 |
| Operating Income | -57M | 1.4M | 259K |
| Operating Margin | -197.4% | 15.1% | 3.9% |
| ROE | -545.3% | 39.9% | 8.4% |
| Shares Outstanding | 68M | 0M | 0M |
| Metric | 2019 | ||
|---|---|---|---|
| Income Statement | |||
| Revenue | 6.6M | 9.6M | 29M |
| Gross Margin | 66.4% | 72.2% | N/A |
| R&D | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A |
| EBIT | 259K | 1.4M | -57M |
| Op. Margin | 3.9% | 15.1% | -197.4% |
| Net Income | 323K | 1.9M | -79M |
| Net Margin | 4.9% | 20.3% | -274.2% |
| Non-Recurring | 0 | 0 | 0 |
| Returns on Capital | |||
| ROIC | 7.4% | 37.3% | -119.0% |
| ROE | 8.4% | 39.9% | -545.3% |
| ROA | 5.6% | 27.0% | -51.9% |
| Cash Flow | |||
| Op. Cash Flow | 289K | 1.6M | -5.1M |
| Free Cash Flow | 206K | 787K | -27M |
| Owner Earnings | 171K | 1.4M | -5.3M |
| CapEx | 83K | 835K | 22M |
| Maint. CapEx | 87K | 159K | 159K |
| Growth CapEx | 0 | 676K | 22M |
| D&A | 87K | 159K | 159K |
| CapEx/OCF | 28.7% | 51.5% | 0.0% |
| Capital Allocation | |||
| Dividends Paid | 3.5M | 0 | 0 |
| Dividend Yield | 35.9% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.0% |
| Stock-Based Comp | 31K | 54K | 54K |
| Debt Repayment | 0 | 0 | 0 |
| Balance Sheet | |||
| Net Debt | N/A | N/A | 23M |
| Cash & Equiv. | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | 23M |
| Debt/Equity | 0.50 | 0.46 | 1.61 |
| Interest Coverage | N/A | N/A | N/A |
| Equity | 3.8M | 5.9M | 14M |
| Total Assets | 5.8M | 8.6M | 152M |
| Total Liabilities | 1.9M | 2.7M | 79M |
| Intangibles | N/A | N/A | N/A |
| Retained Earnings | -120M | -118M | -118M |
| Working Capital | 3.1M | 3.1M | 3.1M |
| Current Assets | 4.2M | 4.8M | 4.8M |
| Current Liabilities | 1.1M | 1.6M | 1.6M |
| Per Share Data | |||
| EPS | 0.75 | 5.00 | -9.44 |
| Owner EPS | 0.40 | 3.62 | -0.08 |
| Book Value | 8.90 | 15.20 | 0.21 |
| Cash Flow/Share | 0.67 | 4.17 | -1.15 |
| Dividends/Share | 8.22 | N/A | 0.00 |
| Shares Out. | 0.4M | 0.4M | 68.4M |
| Valuation | |||
| P/E Ratio | 22.7 | 21.1 | -0.1 |
| P/FCF | 35.5 | 52.2 | N/A |
| EV/EBIT | N/A | N/A | N/A |
| Price/Book | 1.9 | 6.9 | 5.0 |
| Price/Sales | 1.5 | 1.2 | 2.5 |
| FCF Yield | 2.8% | 1.9% | -38.3% |
| Market Cap | 7.3M | 41M | 72M |
| Avg. Price | 22.90 | 28.43 | 1.05 |
| Year-End Price | 17.00 | 105.50 | 1.05 |
Soluna Holdings, Inc passes 6 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 22.3% with a gross margin of 69.3%.
Soluna Holdings, Inc (SLNH) has a 5-year average return on invested capital (ROIC) of 22.3%. This indicates strong capital allocation and a potential competitive advantage.
Soluna Holdings, Inc (SLNH) has a market capitalization of $72M. It is classified as a small-cap stock.
Soluna Holdings, Inc (SLNH) does not currently pay a regular dividend.
Soluna Holdings, Inc (SLNH) operates in the Finance Services industry, within the Financials sector.
Soluna Holdings, Inc (SLNH) reported annual revenue of $10 million in its most recent fiscal year, based on SEC EDGAR filings.
Soluna Holdings, Inc (SLNH) has a net profit margin of 20.3%. This is a strong margin indicating high profitability.
Soluna Holdings, Inc (SLNH) generated $787 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Soluna Holdings, Inc (SLNH) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
Soluna Holdings, Inc (SLNH) reported earnings per share (EPS) of $5.00 in its most recent fiscal year.
Soluna Holdings, Inc (SLNH) has a return on equity (ROE) of 39.9%. This indicates the company generates strong returns for shareholders.
Soluna Holdings, Inc (SLNH) has a 5-year average gross margin of 69.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 2 years of financial data for Soluna Holdings, Inc (SLNH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Soluna Holdings, Inc (SLNH) has a book value per share of $15.20, based on its most recent annual SEC filing.