Solidion Technology Inc. STI
this Annual Report on Form 10-K (the "Form 10-K"), references to the "Company" and to "Solidion"
"we," "us," and "our" refer to Solidion Technology, Inc.
June 14, 2021 under the name "Nubia Brand International Corp." as a special purpose acquisition company, formed for the purpose
of effecting an initial business combination with one or more target businesses. On March 14, 2022 (the "IPO Closing Date"),
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $13.3K | — | $6.9K | — | — |
| Cost of revenue | $6.6K | — | — | — | — |
| Gross profit | $6.7K | — | $6.9K | — | — |
| R&D | $3.4M | $2.4M | $3.0M | — | — |
| SG&A | $9.5M | $10.9M | $2.3M | $809.2K | — |
| Total operating expenses | $12.9M | $13.3M | $5.3M | $904.2K | — |
| Operating income | -$12.9M | -$13.3M | -$5.3M | — | — |
| Interest expense | $109.0K | $367.0K | — | — | — |
| Pre-tax income | -$41.0M | -$32.4M | -$5.3M | $933.8K | — |
| Income tax | — | — | — | $339.9K | — |
| Net income | -$41.0M | -$32.4M | -$5.3M | $593.9K | — |
| EPS, basic | -10.39 | -15.80 | -0.08 | — | — |
| EPS, diluted | -10.39 | -15.80 | -0.08 | — | — |
| Shares, diluted (wtd. avg.) | 3.9M | 2.1M | 69.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $204.7K | $3.4M | $780 | $621.6K | — |
| Receivables | $5.1K | $999 | $2.2K | — | — |
| Inventory | $24.4K | $24.4K | $22.7K | — | — |
| Total current assets | $783.2K | $3.9M | $258.1K | $761.3K | — |
| Property, plant and equipment | $2.0M | $2.1M | $2.3M | — | — |
| Other intangibles | $2.0M | $2.0M | — | — | — |
| Total assets | $4.8M | $8.0M | $4.4M | $128.6M | $180.3K |
| Accounts payable | $3.5M | $2.1M | $144.9K | $439.1K | $491 |
| Total current liabilities | — | — | — | $909.3K | $156.8K |
| Total liabilities | $12.0M | $30.9M | $1.0M | $5.2M | $156.8K |
| Retained earnings | -$163.4M | -$100.6M | -$122.5M | -$3.9M | -$1.4K |
| Total equity | -$7.2M | -$18.2M | $3.4M | $6.0M | $23.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$4.5M | -$7.4M | -$4.1M | -$725.1K | — |
| Depreciation and amortisation | $190.3K | $224.6K | $311.3K | — | — |
| Stock-based compensation | $2.9M | $2.4M | — | — | — |
| Capital expenditure | $117.8K | — | — | — | — |
| Investing cash flow | -$240.7K | -$246.1K | -$376.1K | -$126.0M | — |
| Financing cash flow | $1.6M | $11.0M | $3.8M | $127.2M | — |
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 0001213900-26-045227.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $6.9K | — | $13.3K |
| Gross profit | — | — | $6.9K | — | $6.7K |
| Net income | — | $593.9K | -$5.3M | -$32.4M | -$41.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- 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
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- 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
- 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
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Director nominations Item 5.08
- Other event Item 8.01
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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