Filing Flows › Solana (HSDT) › Q4 2024
Solana (HSDT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 25, 2025
Solana (HSDT) reported revenue of $152K for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +198% from the quarter before.
Solana, Q4 2024: revenue $152K (+13% year over year), net loss $3.9M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152K | +198% | +13% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $152K in Q4 2024, up 13% year over year and up 198% from the previous quarter.
Operating costs exceeded revenue by $3.1M, an operating margin of -2070.4%. The fastest-growing cost line was Research & development (+42%). The quarter ended with a net loss of $3.9M, wider than the previous quarter's $3.7M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $12K of depreciation and amortization and $428K of share-based compensation. Working capital and other items added $1.1M.
Questions
What was Solana's revenue in the fourth quarter 2024?
Solana (HSDT) reported revenue of $152K for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +198% from the quarter before.
Source: Solana 10-K on SEC EDGAR.