Solana Company (HSDT)

Nasdaq: HSDT · Finance Services · Newtown, PA · filing with the SEC since 2014

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Grade2.6

◀ Past 1.3● Present 2.9▶ Future 4.2

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Solana Company

Nine metrics read from its own filings, by tense

Headline grade

2.6/10

◀ Past1.340% of the headline

● Present2.935% of the headline

▶ Future4.225% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

1.6/10

Has it survived what it has been through?

14 warning events since 2017; the latest 2025-11-12.

weight 45% of this tense · 17th percentile among 130 sector filers · read for itself

From the record

Solana Company's filings since 2017 show 14 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2025-04-04); an auditor change (8-K item 4.01, 3 times, the latest 2025-10-16); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2025-11-12) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

2.6/10

What has it actually done, year after year?

+2% a year over 8 filed years; profitable in 0 of 8.

weight 22% of this tense · 26th percentile among 104 sector filers · read for its customers

From the record

Solana Company's 8 filed years say what it did: revenue went from $478 thousand in fiscal 2018 to $548 thousand in fiscal 2025, up 2% a year; it rose in 3 of 7 years; the deepest fall was 67% from fiscal 2019 to fiscal 2021; net income was positive in 0 of 8 of those years (its annual reports).

What it rests on

revenue growth over the filed span2.0%bottom 32% of its family
the share of years revenue rosebottom 27% of its family
the share of filed years with a profitbottom 13% of its family
the deepest fall from a revenue peak67.0%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.1/10

How has it treated the people who own it?

SI estimate 0.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 0th percentile among 115 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 1% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 115 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Solana Company's shareholder treatment is put at 0.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 1% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.9/1035% of the headline grade · 3 of 3 filed

Financial health

as filed

4.7/10

Is it financially healthy right now?

ROE -14%: lost 14¢ per shareholder dollar. Leverage 1%: owes 1¢ per asset dollar.

weight 45% of this tense · 47th percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Solana Company lost about 14 cents for every dollar of shareholders' money, and gross profitability: its products earned about 2 cents per dollar of everything the company owns. Leverage: it owed about 1 cents per dollar of assets, and net share issuance: its share count grew 616278.0% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 3% of its family
return on equitytop 45% of its family
gross profit against assetsbottom 36% of its family
the share count against the year beforebottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

1.2/10

How strong is its position in its industry?

bottom 12% of 114 in its family; net margin -7461.7%.

weight 33% of this tense · 12th percentile among 114 sector filers · read for its customers

From the record

Solana Company's standing among 114 graded names in its industry family: revenue of $548 thousand in fiscal 2025 ranks in the bottom 6% by size; a net margin of -7461.7% ranks in the bottom 5%; revenue growth of -11% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

What it rests on

revenue against the family$548,000bottom 6% of its family
net margin-7461.7%bottom 5% of its family
three-year revenue growth-11.0%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

1.7/10

What are the people in charge doing?

bottom 17% of 50 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 17th percentile among 50 sector filers · read for its shareholders

From the record

Solana Company's leadership, from its insiders' filings and its current reports: the chief executive on the record is Chee, Choon Wee (CEO and President, as filed), filing under that title since 2026-08-04, 3 months (bottom 5% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 1.1 years (bottom 14%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 31%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge8 in three years among 9 peoplebottom 31% of its family
the median years the people in charge have filed1.1 yearsbottom 14% of its family
the chief executive's years on the record4 monthsbottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.2/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.7/10

How much room does it have to grow?

top 43% of 108 in its family for room to expand.

weight 33% of this tense · 57th percentile among 108 sector filers · read for itself

From the record

Solana Company's room to grow, from the newest filed statements (fiscal 2025): cash of $7 million against no long-term debt tagged leaves 2.4% of its assets as net cash, bottom 34% of its family; cash from operations less capital spending is -3013.5% of revenue (bottom 4%); a gross margin of 1006.8% (top 1%); research spending of 640.7% of revenue (top 8%) (its annual report).

What it rests on

cash less debt against assets2.4%bottom 34% of its family
cash from operations less capital spending against revenue-3013.5%bottom 4% of its family
gross margin1006.8%top 1% of its family
research spending against revenue640.7%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.3/10

What could actually drive growth from here?

bottom 33% of 100 in its family for growth drivers.

weight 33% of this tense · 33rd percentile among 100 sector filers · read for its customers

From the record

Solana Company's growth drivers, from the filed years to fiscal 2025: revenue grew -11% a year over the last three filed years against 2% over all 8, slowing (bottom 29% of its family); the newest year grew 5.4% (bottom 40%); research spending grew -6.3% a year (bottom 46%); capital spending grew -54.8% a year (bottom 15%) (its annual reports). Solana Company tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-13.0 points a yearbottom 29% of its family
the newest year's revenue growth5.4%bottom 40% of its family
three-year growth of research spending-6.3%bottom 46% of its family
three-year growth of capital spending-54.8%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.6/10

Did its newest year beat what its own record pointed to?

bottom 36% of 78 in its family for expectations against reality.

weight 33% of this tense · 36th percentile among 78 sector filers · read for its shareholders

From the record

Solana Company's newest year against its own record: revenue of $548 thousand in fiscal 2025 came in 28.9% above the $425 thousand its prior three years' pace pointed to (top 28% of its family); net income of $41 million against a prior three-year average of $12 million (bottom 33%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 3%) (its annual reports).

What it rests on

revenue against the prior three years' pace28.9%top 28% of its family
net income against the prior three years' average-254%bottom 33% of its family
net margin against its prior averagedown more than 100 pointsbottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HSDT · research, not advice