Stabilis Solutions, Inc (NASDAQ:SLNG ) Q4 2024 Results Conference Call February 26, 2025 9:00 AM ET Company Participants Andy Puhala - Senior Vice President, Chief Financial Officer & Secretary Casey Crenshaw - Interim President & Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Tate Sullivan - Maxim Group Barry Haimes - Sage Asset Management Spencer Lehman - Shareholder Operator Welcome to the Stabilis Solutions Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Andy Puhala, Chief Financial Officer.
HOUSTON, TEXAS / ACCESS Newswire / February 25, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Net income of $2.1 million Adjusted EBITDA of $4.0 million Adjusted EBITDA margin of 23.2% Cash flow from operations of $2.2 million $9.0 million of cash and $4.3 million of availability under credit agreements as of December 31, 2024 FULL-YEAR 2024 HIGHLIGHTS Net income of $4.6 million Adjusted EBITDA of $11.8 million Adjusted EBITDA margin of 16.1% Cash flow from operations of $13.7 million MANAGEMENT COMMENTARY "Our fourth-quarter results marked the culmination of a strong year for Stabilis, a performance highlighted by year-over-year margin expansion, increased cash generation, and improved profitability," stated Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer.
HOUSTON, TX / ACCESS Newswire / February 3, 2025 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (Nasdaq:SLNG), today announced the departure of President and CEO Westervelt T. "Westy" Ballard, Jr., effective January 31, 2025.
Toronto, Ontario--(Newsfile Corp. - Le 2 décembre/December 2024) - SLANG Worldwide Inc. (the "Company") has announced that the Company has filed an assignment into bankruptcy pursuant to Canada's Bankruptcy and Insolvency Act (the “Bankruptcy Proceedings”). The Company's common shares, currently halted, will be delisted from the CSE at market close today, December 2, 2024.
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Andy Puhala - Senior Vice President, Chief Financial Officer & Secretary Westy Ballard - President & Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Barry Haimes - Sage Asset Management Matt Dhane - Tieton Capital Management Operator Welcome to the Stabilis Solutions Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode.
HOUSTON, TX / ACCESSWIRE / November 6, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the third quarter ended September 30, 2024. THIRD QUARTER PERFORMANCE HIGHLIGHTS Strong customer demand supported by ratable long-term contractual agreements and improved plant utilization 22% increase in LNG sales volumes on a year-over-year basis Delivered positive net income, an improvement of $1.2 million on a year-over-year basis Adjusted EBITDA of $2.6 million, an increase of $2.0 million on a year-over-year basis $2.6 million of cash flow from operations, an increase of 73% on a year-over-year basis $15.6 million of cash and availability under credit agreements as of September 30, 2024 MANAGEMENT COMMENTARY "We continued to advance our multi-year business transformation strategy during the third quarter, culminating in significant year-over-year growth in revenue and profitability, together with increased balance sheet optionality to support further value creation," said Westy Ballard, President and Chief Executive Officer.
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has entered into a waiver and support agreement (the "Support Agreement") with, among others, the secured lenders (the "Lenders") under the Company's credit and guaranty agreement dated November 15, 2021, as amended (the "Credit Agreement") given the upcoming maturity date under the Credit Agreement of November 15, 2024 (the "Maturity Date"). Pursuant to the Support Agreement, the Lenders have agreed to a standstill and to not take any steps under the Credit Agreement, related guarantees and security documents until the earlier of: (i) the Maturity Date, and (ii) the occurrence of certain specified termination events, in exchange for a payment of US$1.75 million and enhanced reporting covenants from the Company during the term of the standstill period.
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), today announced that Todd Boudreau has resigned from the Company's Board of Directors as a result of other commitments, effective immediately. Mr. Boudreau was first elected to the Board in 2022.
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a cannabis consumer packaged goods (CPG) company, today released financial results for the three and six months ended June 30, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted.
HOUSTON, TX / ACCESSWIRE / August 7, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the second quarter ended June 30, 2024. SECOND QUARTER PERFORMANCE HIGHLIGHTS Strong demand and higher utilization at our Texas liquefaction plant led to a year-over-year increase of 45.3% in LNG volumes delivered and an improvement of $2.2 million in net income Record second quarter Adjusted EBITDA of $2.1 million, an increase of $2.2 million on a year-over-year basis $5.0 million of cash flow from operations, an increase of 32.3% on a year-over-year basis $15.9 million of cash and availability under our credit agreements with cash and cash equivalents exceeding debt outstanding resulting in a net cash positive balance sheet as of June 30, 2024 MANAGEMENT COMMENTARY "We delivered strong second quarter results due to the ongoing efforts of our entire team to transition our company into one of North America's largest providers of liquefied natural gas fueling, production, storage, and last mile delivery solutions.