Event-Driven Stocks

Solana Co

HSDTNasdaq

Financials · Finance Services · DE · SEC filings ↗ · Compare ⊕

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Signs● 4 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$548,000$476,000$605,000$778,000$522,000$661,000
Operating income−$243.8M−$13.9M−$12.4M−$15.5M−$18.1M−$14.4M
Net income−$40.9M−$11.7M−$8.8M−$14.1M−$18.1M−$14.1M
Total assets$303.9M$3.5M$7.7M$17.3M$14.1M$6.5M
Total liabilities$3.0M$2.5M$5.3M$9.1M$2.8M$2.7M
Equity$300.9M$1.1M$2.4M$8.2M$11.3M$3.9M
EPS (diluted)$-1.85$-4.33$-14.56$-52.13$-7.38$-11.80
Shares out.6.1M887,29528.2M3.8M2.3M31.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−44496.4%
Net margin
−7461.7%
Return on equity
−13.6%
Return on assets
−13.5%
Return on capital (ROCE)
−81.0%
Liabilities / assets
1.0%
Debt / equity
0.01×
Book value / share
$49.11
Revenue growth (YoY)
15.1%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
97.70safe
Accruals / assets
−8.0%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
67
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 3 warning● 4 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
9 acquisitions1 disposalsnet −309,999 shares · last 10
InsiderDateTypeSharesPrice
Mello SergioDirectorMay 21, 2026Grant6,360$0.00
Lee Michel Kai TaiDirectorMay 21, 2026Grant6,360$0.00
Straw Edward MDirectorMay 21, 2026Grant6,360$0.00
Walter BlaneDirectorMay 21, 2026Grant6,360$0.00
Fusion Summer Ltd10% ownerMay 11, 2026J1.5M$0.00
Chee Choon WeeOfficer — Executive ChairmanMay 11, 2026Option exercise1.1M$0.00
Perkins Sherrie LDirectorMar 31, 2026Grant2,180$0.00
Buckman PaulDirectorMar 31, 2026Grant2,180$0.00
Straw Edward MDirectorMar 31, 2026Grant2,180$0.00
Walter BlaneDirectorMar 31, 2026Grant2,180$0.00

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20261.2M5.6+0.0%
Apr 30, 20261.2M5.5-9.9%
Apr 15, 20261.3M3.0+6.7%
Mar 31, 20261.2M2.4-7.3%
Mar 13, 20261.3M4.0+31.8%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)