SOLAI Limited (SLAIY) Income Statement
SLAIY 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsSLAIY revenue and net income
Where SLAIY's revenue goes
2024Each bar shows an amount and its share of revenue. SLAIY kept 36.7% of revenue as net income.
SLAIY profit margins
SLAIY growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −23.6% | — | — | — |
| Gross profit | −2.0% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SLAIY quarterly EPS vs estimates
SOLAI beat the analyst EPS estimate in 1 of the last 1 quarters.
SLAIY income statement
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue | $32.9M | $43.1M | $57.0M |
| Cost of revenue | $29.9M | $40.1M | $61.2M |
| Gross profit | $3.0M | $3.0M | −$4.2M |
| Research & development | $69,000 | $874,000 | $2.2M |
| Sales, general & admin | $13.8M | $18.6M | $22.3M |
| Total operating expenses | $44.2M | $73.0M | $87.9M |
| Operating income | −$11.2M | −$29.9M | −$30.9M |
| Interest income | $56,000 | $242,000 | $150,000 |
| Interest expense | $0 | $0 | $218,000 |
| Income before taxes | −$7.0M | −$25.4M | −$79.4M |
| Net income | $12.1M | −$28.7M | −$155.4M |
| EBITDA | $2.0M | −$17.3M | −$44.4M |
| EPS (diluted) | $0.01 | −$3.64 | −$17.68 |
| Gross margin | 9.1% | 7.1% | −7.3% |
| Operating margin | −34.2% | −69.4% | −54.2% |
| Net margin | 36.7% | −66.6% | −272.5% |
| Mar '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|
| Revenue | $7.9M | $4.4M | $4.4M | $6.6M | $8.8M |
| Cost of revenue | $10.6M | $6.9M | $7.2M | $9.1M | $8.5M |
| Gross profit | −$2.7M | −$2.5M | −$2.8M | −$2.5M | $288,000 |
| Sales, general & admin | $2.8M | $4.2M | $4.3M | $4.0M | $4.5M |
| Total operating expenses | $12.8M | $9.5M | $11.2M | $11.5M | $13.4M |
| Operating income | −$4.9M | −$5.1M | −$6.7M | −$4.9M | −$4.6M |
| Interest income | $0 | $38,000 | $36,000 | $35,000 | $54,000 |
| Income before taxes | −$6.7M | −$2.7M | −$5.8M | −$8.0M | −$2.3M |
| Net income | −$6.7M | −$2.5M | −$6.0M | −$7.9M | −$2.1M |
| EBITDA | −$4.9M | −$5.1M | −$6.7M | −$4.9M | −$327,000 |
| EPS (diluted) | — | $0.00 | — | — | — |
| Gross margin | −33.5% | −57.2% | −62.9% | −38.3% | 3.3% |
| Operating margin | −62.1% | −116.6% | −152.4% | −74.0% | −51.9% |
| Net margin | −84.9% | −56.4% | −136.8% | −119.1% | −24.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SLAIY's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SLAIY financial results
In fiscal year 2024 (ended December 31, 2024), SOLAI reported revenue of $32.9 million, down 23.6% from the year before. It had net income of $12.1 million, a net profit margin of 36.7%. Diluted earnings per share came to $0.01.
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SLAIY income statement FAQ
What is SOLAI's annual revenue?
SOLAI reported total revenue of $32.9 million for fiscal year 2024, which ended on December 31, 2024. That was down 23.6% from $43.1 million the previous year.
Is SOLAI profitable?
Yes. SOLAI reported net income of $12.1 million in fiscal 2024, a net profit margin of 36.7%; its operating margin was −34.2%.
What is SOLAI's gross margin?
SOLAI's gross margin was 9.1% in fiscal 2024: for every $100 of revenue, SOLAI kept $9 after the direct cost of its products and services.
How much does SOLAI spend on research and development?
SOLAI spent $0.1 million on research and development in fiscal 2024, 0.2% of revenue.
What are SOLAI's earnings per share?
SOLAI earned $0.01 per diluted share in fiscal 2024, compared with $-3.64 a year earlier.
When does SOLAI's fiscal year end?
SOLAI's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024.