May. 8 at 1:46 PM
$SLNG
Stabilis Solutions reported its Q1 2025 financial results with revenues of
$17.3 million, marking a 12.3% decrease from Q1 2024.
The company posted a net loss of (
$1.6 million), or (
$0.09) per share, compared to net income of
$1.5 million in Q1 2024.
Adjusted EBITDA was
$2.1 million, down from
$3.1 million year-over-year.
The decline was primarily due to planned downtime with a marine customer and completion of a large industrial project.
However, revenue growth in aerospace and marine markets increased by 13%.
The company maintains a strong financial position with
$9.0 million in cash and
$3.5 million available under credit agreements.
Notably, revenue mix in high-growth marine, power generation, and aerospace end-markets increased from 56% to nearly 70% of total revenue since Q1 2024.
