Stabilis Solutions, Inc. SLNG
Stabilis Solutions, Inc. and its subsidiaries (the "Company", "Stabilis", "our", "us" or "we") provide turnkey clean energy production, storage, transportation and fueling solutions using liquefied natural gas ("LNG") to multiple end markets. We have safely delivered over 580 million gallons of LNG through more than 60,000 truck deliveries during our 22 year operating history, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. We define "small-scale" LNG production to include liquefiers that produce less than 1.7 million LNG gallons per day (or approximately 1.0 million tonnes per annum ("MTPA")) and "small-scale" LNG distribution to include distribution by trailer or tank container of up to 10,000 LNG gallons or by marine vessels that carry less than 8.0 million LNG gallons (approximately 30,000 cubic meters). The Company provides LNG solutions to customers in diverse end markets, including aerospace, agriculture, industrial, marine bunkering, mining, oil and gas, pipeline, remote power and utility markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.2M | $73.3M | $73.1M | $98.8M | $69.2M | $41.5M | $47.1M | $37.3M | $20.4M | $37.8M |
| Cost of revenue | $50.2M | $52.1M | $54.9M | $77.7M | $55.2M | — | — | $5.7M | $4.6M | $36.8M |
| Gross profit | $18.0M | $21.2M | $18.2M | $21.1M | $14.0M | — | — | $1.9M | $1.1M | $1.0M |
| R&D | — | — | — | — | — | — | — | — | $280.0K | $962.0K |
| SG&A | $13.2M | $11.8M | $12.9M | $13.2M | $13.8M | $10.8M | $11.4M | $7.3M | $4.7M | $5.2M |
| Total operating expenses | $70.8M | $69.9M | $73.9M | $100.4M | $78.3M | $49.5M | $52.5M | $44.6M | $29.4M | $8.4M |
| Operating income | — | — | — | — | — | — | — | — | -$4.5M | -$7.4M |
| Interest expense | $294.0K | $300.0K | $509.0K | $770.0K | $901.0K | — | — | $4.4M | $3.4M | — |
| Pre-tax income | -$1.3M | $5.1M | $369.0K | -$927.0K | -$7.1M | -$6.5M | -$5.4M | -$11.1M | -$3.2M | -$7.0M |
| Income tax | $54.0K | $485.0K | $244.0K | $265.0K | $487.0K | $256.0K | $116.0K | $0 | $0 | $44.0K |
| Net income | -$1.4M | $4.6M | $125.0K | -$3.2M | -$7.8M | -$6.8M | -$5.7M | -$10.8M | $12.8M | -$7.1M |
| EPS, basic | -0.07 | 0.25 | 0.01 | -0.17 | -0.45 | -0.40 | — | — | -0.30 | -0.89 |
| EPS, diluted | — | 0.25 | 0.01 | -0.17 | -0.45 | -0.40 | -0.39 | -2.42 | -0.30 | -0.89 |
| Shares, diluted (wtd. avg.) | 18.6M | 18.6M | 18.5M | 18.3M | 17.5M | 16.9M | — | — | 8.5M | 8.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.5M | $9.0M | $5.4M | $11.5M | $910.0K | $1.2M | $4.0M | $1.2M | $1.5M | $1.6M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $507.0K |
| Receivables | $3.1M | $6.2M | $7.8M | $16.3M | $9.4M | $5.9M | $5.9M | $4.4M | $794.0K | $6.7M |
| Inventory | $342.0K | $345.0K | $169.0K | $205.0K | $258.0K | $226.0K | $209.0K | $106.0K | $2.0K | $1.2M |
| Total current assets | $12.9M | $17.5M | $15.0M | $32.2M | $15.5M | $10.8M | $13.7M | $7.8M | $16.7M | $16.2M |
| Property, plant and equipment | $52.9M | $51.7M | $49.5M | $47.7M | — | — | $60.4M | $66.6M | $598.0K | $7.3M |
| Goodwill | $4.3M | $4.3M | $4.3M | $4.3M | $4.3M | $4.5M | $4.5M | $0 | — | — |
| Other intangibles | — | — | — | — | — | — | — | — | $458.0K | $527.0K |
| Total assets | $83.1M | $85.6M | $81.3M | $96.6M | $87.3M | $80.3M | $90.3M | $74.7M | $35.9M | $35.4M |
| Accounts payable | $4.8M | $5.7M | $5.7M | $4.5M | $5.1M | $4.4M | $4.7M | $2.6M | $1.7M | — |
| Short-term debt | $1.9M | $2.0M | $1.7M | $3.3M | $2.0M | $4.5M | $0 | $2.5M | $203.0K | — |
| Total current liabilities | $10.0M | $11.6M | $11.7M | $27.5M | $15.6M | $14.2M | $15.1M | $12.1M | $15.7M | $12.9M |
| Long-term debt | $5.8M | $6.8M | $7.7M | $8.7M | $7.6M | $682.0K | $0 | — | — | $5.7M |
| Total liabilities | $16.4M | $18.6M | $19.5M | $36.7M | $26.3M | $18.3M | $22.5M | $22.0M | $21.4M | $19.9M |
| Retained earnings | -$37.0M | -$35.6M | -$40.2M | -$40.4M | -$37.2M | -$29.4M | -$22.6M | -$16.9M | -$2.9M | -$638.0K |
| Total equity | $66.7M | $67.0M | $61.8M | $59.9M | $61.1M | $62.0M | $67.8M | $52.7M | $15.0M | $11.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.6M | $13.7M | $6.7M | $14.7M | $4.3M | $1.3M | $4.1M | -$425.0K | -$3.7M | -$6.6M |
| Depreciation and amortisation | $7.3M | $7.1M | $7.9M | $8.7M | — | — | — | — | $840.0K | $880.0K |
| Stock-based compensation | $447.0K | $1.2M | $2.1M | $2.3M | $3.2M | $530.0K | $0 | $609.0K | $373.0K | $563.0K |
| Capital expenditure | $8.1M | $9.1M | $10.3M | $3.9M | $7.6M | $768.0K | $2.1M | $833.0K | $32.0K | $725.0K |
| Investing cash flow | -$7.7M | -$8.1M | -$8.9M | -$1.9M | -$7.5M | -$256.0K | -$3.2M | $69.0K | $1.5M | $173.0K |
| Financing cash flow | -$2.4M | -$1.9M | -$3.9M | -$2.3M | $3.0M | -$3.2M | $1.9M | $114.0K | $3.0M | $29.0K |
| Buybacks | — | — | — | — | — | — | — | $49.0K | $53.0K | $71.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-022089.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.8M | $20.4M | $37.3M | $47.1M | $41.5M | $69.2M | $98.8M | $73.1M | $73.3M | $68.2M |
| Gross profit | $1.0M | $1.1M | $1.9M | — | — | $14.0M | $21.1M | $18.2M | $21.2M | $18.0M |
| Net income | -$7.1M | $12.8M | -$10.8M | -$5.7M | -$6.8M | -$7.8M | -$3.2M | $125.0K | $4.6M | -$1.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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