For the quarter ending 2025-09-30, HSDT made $697,000 in revenue. -$352,533,000 in net income. Net profit margin of -50578.62%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 697,000 | 43,000 | 49,000 | 143,500 |
| Cost of revenue | 103,000 | 96,000 | 121,000 | 138,500 |
| Gross profit (loss) | 594,000 | -53,000 | -72,000 | 5,000 |
| Selling, general and administrative expenses | 4,646,000 | 2,447,000 | 2,994,000 | 2,405,500 |
| Research and development expenses | 858,000 | 822,000 | 945,000 | 856,000 |
| Fixed asset impairment | - | - | - | 10,000 |
| Amortization expense | - | - | - | 5,000 |
| Unrealized loss on digital assets | -30,540,000 | - | - | - |
| Total operating expenses | 36,044,000 | 3,269,000 | 3,939,000 | 3,286,500 |
| Loss from operations | -35,450,000 | -3,322,000 | -4,011,000 | -3,281,500 |
| Other income, net | - | - | 20,000 | 38,500 |
| Interest expense | -1,000 | -628,000 | -6,000 | -5,500 |
| Other (expense) income | -154,000 | -420,000 | - | - |
| Loss on derivative liability | -545,733,000 | - | - | - |
| Change in fair value of derivative liability | 423,313,000 | -6,028,000 | 109,000 | 548,000 |
| Foreign exchange gain (loss) | - | 565,000 | 50,000 | -521,500 |
| Financing costs | 194,743,000 | - | - | - |
| Nonoperating (loss) income, net | -317,318,000 | -6,511,000 | 173,000 | 59,500 |
| Loss before provision for income taxes | -352,768,000 | -9,833,000 | -3,838,000 | -3,222,000 |
| Provision for income taxes | 0 | 0 | - | 0 |
| Net loss | -352,768,000 | -9,833,000 | -3,838,000 | -3,222,000 |
| Foreign currency translation adjustments | 235,000 | -577,000 | -51,000 | 524,000 |
| Comprehensive loss | -352,533,000 | -10,410,000 | -3,889,000 | -2,698,000 |
| Earnings per share, basic | -32.89 | -79.73 | -0.51 | -1.35 |
| Earnings per share, diluted | -32.89 | -79.73 | -0.51 | -1.35 |
| Weighted average number of shares outstanding, basic | 10,724,112 | 123,335 | 7,556,267 | -1,774,457.5 |
| Weighted average number of shares outstanding, diluted | 10,724,112 | 123,335 | 7,556,267 | -1,774,457.5 |
Solana Co (HSDT)
Solana Co (HSDT)