Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 240

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 240
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     (649) 
     (547) 
     (743) 
     (425)
  
    Depreciation and amortization 
     3,926  
     3,909  
     3,916  
     3,889  
     3,879 
  
    EBITDA 
     1,258  
     (5,436) 
     (3,903) 
     (34,539) 
     (3,062)

    Adjustments: Non-cash items 

    Stock-based compensation costs 
     661  
     1,368  
     1,257  
     2,025  
     1,847 
  
    Loss on sale of fixed assets 
     1  
     21  
     -  
     9  
     - 
  
    Provision for credit losses 
     -  
     244  
     367  
     149  
     - 
  
    Convertible note inducement expense 
     -  
     -  
     -  
     388  
     - 
  
    Placement agent release expense 
     -  
     -  
     -  
     1,000  
     - 
  
    Loss on contract 
     -  
     -  
     -  
     28,593  
     - 
  
    Impairment on fixed assets 
     130  
     -  
     -  
     -  
     - 
  
    Fair value adjustment on SEPA draws 
     -  
     -  
     -  
     -  
     118 
  
    Loss (gain) on debt extinguishment and revaluation, net 
     3,097  
     5,600  
     (1,203) 
     (145) 
     (551)
  
    Adjusted EBITDA 
    $5,147  
    $1,797  
    $(3,482) 
    $(2,520) 
    $(1,648)

We continued
positive Adjusted EBITDA from the third quarter of 2023 through the second quarter of 2024. Effective July 1,