Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 102

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 102
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Comparison of the Three and Nine Months Ended September 30, 2024 and September 30, 2023

|                                                         | (Dollars in thousands) | 2024 |                  Three 
 Months Ended September 
                    30, |   |     | 2023 |        |   |     | 2024 |                   Nine 
 Months Ended September 
                    30, |   |     | 2023 |         |   |
|:--------------------------------------------------------|:-----------------------|:-----|-----------------------:|:--|:----|:-----|-------:|:--|:----|:-----|-----------------------:|:--|:----|:-----|--------:|:--|
| Net loss                                                |                        | $    |                 (8,093 | ) |     | $    | (6,016 | ) |     | $    |                (19,782 | ) |     | $    | (22,705 | ) |
| Interest expense                                        |                        |      |                    821 |   |     |      |    495 |   |     |      |                  1,694 |   |     |      |   2,355 |   |
| Income tax (benefit) expense                            |                        |      |                   (547 | ) |     |      |    569 |   |     |      |                 (1,743 | ) |     |      |    (524 | ) |
| Depreciation and amortization                           |                        |      |                  3,916 |   |     |      |  3,579 |   |     |      |                 11,749 |   |     |      |   9,498 |   |
| EBITDA                                                  |                        |      |                 (3,903 | ) |     |      | (1,373 | ) |     |      |                 (8,082 | ) |     |      | (11,376 | ) |
| Adjustments: Non-cash items                             |                        |      |                        |   |     |      |        |   |     |      |                        |   |     |      |         |   |
| Stock-based compensation costs                          |                        |      |                  1,257 |   |     |      |    595 |   |     |      |                  3,286 |   |     |      |   3,709 |   |
| (