Solana Company reports Q3 EPS ($32.89) vs. ($744.35) last year

Reports Q3 revenue $697K vs. $51K last year. The company’s reported Q3 EPS includes a $30.5M unrealized loss on digital assets and significant non-operating items related to a derivative liability and financing costs. Cash and digital assets were $474.2M as of September 30. “Solana Company’s (HSDT) digital treasury strategy and the recent PIPE transaction are significant milestones for the Company and its shareholders. With the added commitment and support of Pantera and Summer, we believe that we are positioned well to accelerate growth and drive value. Since closing, we have achieved notable progress across our three core execution pillars: advocacy, capital markets, and treasury management,” said Joseph Chee, executive chairman. “I’m proud of the continued expansion in adoption as the Solana network has become the world’s most widely used and economically productive blockchain. Our recent ATM launch and issuance of cash-exercise warrants have strengthened our financial position and prepared us to scale effectively. These initiatives position Solana for sustained growth and long-term success within the DAT landscape.”