Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 145

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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31, 2024 

    Net loss from continuing operations 
    $(2,544) 
    $(9,145) 
    $(8,093) 
    $(38,518)
  
    Interest expense, net 
     424  
     449  
     821  
     833 
  
    Income tax benefit from continuing operations 
     (548) 
     (649) 
     (547) 
     (743)
  
    Depreciation and amortization 
     3,926  
     3,909  
     3,916  
     3,889 
  
    EBITDA 
     1,258  
     (5,436) 
     (3,903) 
     (34,539)

    Adjustments: Non-cash items 

    Stock-based compensation costs 
     661  
     1,368  
     1,257  
     2,025 
  
    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  
     -  
     -  
     - 
  
    Loss (gain) on debt extinguishment and revaluation, net 
     3,097  
     5,600  
     (1,203) 
     (145)
  
    Adjusted EBITDA 
    $5,147  
    $1,797  
    $(3,482) 
    $(2,520)

55

Liquidity
and Capital Resources

Several
key indicators of our liquidity are summarized in the following table:

    (Dollars in thousands) 
    Six Months Ended or as of  
    Six Months Ended or as of  
    Year Ended or as