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SLNG Stabilis Solutions

Stabilis Solutions, Inc. engages in the provision of small-scale liquefied natural gas production, distribution, and fueling services to multiple end markets. It operates through the following segments: LNG and Power Delivery. The LNG segment supplies LNG to the industrial, midstream, and oilfield sectors in North America and provides turnkey fuel solutions to help users of propane, diesel and other crude-based fuel products convert to LNG. The Power Delivery segment provides power delivery solutions to the global energy industry through its subsidiary in Brazil and joint venture in China. The company was founded in February 2013 and is headquartered in Houston, TX.

Company profile

Ticker
SLNG
Exchange
CEO
James Reddinger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERICAN ACCESS TECHNOLOGIES INC, American Electric Technologies Inc, Stabilis Energy, Inc.
SEC CIK
IRS number
593410234

SLNG stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Mar 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.81M 1.81M 1.81M 1.81M 1.81M 1.81M
Cash burn (monthly) 532K 180.42K 35K 541.67K 377K (positive/no burn)
Cash used (since last report) 1.8M 612.07K 118.74K 1.84M 1.28M n/a
Cash remaining 9.18K 1.2M 1.7M -23.62K 535.02K n/a
Runway (months of cash) 0.0 6.7 48.4 -0.0 1.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Mar 21 JCH Crenshaw Common Stock Buy Aquire P No No 7.2033 6,181 44.52K 60,681
12 Mar 21 JCH Crenshaw Common Stock Buy Aquire P No No 7.2136 43,500 313.79K 54,500
12 Mar 21 Benjamin J. Broussard Common Stock Buy Aquire P No No 6.15 500 3.08K 1,500
2 Dec 20 Reddinger James Calvin Common Stock Buy Aquire P No No 2.82 350 987 2,252
25 Nov 20 Reddinger James Calvin Common Stock Buy Aquire P No No 2.75 350 962.5 1,902

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Risks
  • Our ability to implement our business strategy may be materially and adversely affected by many known and unknown factors.
  • Investment in us is speculative.
  • Our business is dependent upon obtaining substantial additional funding from various sources, which may not be available or may only be available on unfavorable terms.
  • We may not be profitable for an indeterminate period of time.
  • Because we are currently dependent upon a limited number of customers, the loss of a significant customer could adversely affect our operating results.
  • Our current ability to generate cash is substantially dependent upon the performance by customers under short-term contracts that we have entered into or will enter into in the near future, and we could be materially and adversely affected if any customer fails to perform its contractual obligations for any reason, including nonpayment and nonperformance, or if we fail to enter into such contracts at all.
  • Any failure to perform by our counterparties under agreements may adversely affect our operating results, liquidity and access to financing.
  • Our customer contracts are subject to termination under certain circumstances.
  • Cyclical or other changes in the demand for and price of LNG and natural gas may adversely affect our business and the performance of our customers and could have a material adverse effect on our business, contracts, financial condition, operating results, cash flows, liquidity and prospects.
  • Failure to maintain sufficient working capital could limit our growth and harm our business, financial condition and results of operations.
  • Operation of our LNG infrastructure and other facilities that we may construct involves significant risks.
  • The operation of our plants will involve particular, significant risks.
  • Global climate change may in the future increase the frequency and severity of weather events and the losses resulting therefrom, which could have a material adverse effect on the economies in the markets in which we operate or plan to operate in the future and therefore on our business.
  • Hurricanes or other natural or man-made disasters could result in an interruption of our operations, a delay in the completion of future liquefaction facilities, higher construction costs or the deferral of the dates on which payments are due under our customer contracts, all of which could adversely affect us.
  • Our insurance may be insufficient to cover losses that may occur to our property or result from our operations.
  • The construction of our energy-related infrastructure is subject to operational, regulatory, environmental, political, legal and economic risks, which may result in delays, increased costs or decreased cash flows.
  • We expect to be dependent on our primary building contractor and other contractors for the successful completion of our energy-related infrastructure.
  • We are relying on third party engineers to estimate the future rated capacity and performance capabilities of our existing and future facilities, and these estimates may prove to be inaccurate.
  • We may not be able to purchase or receive physical delivery of natural gas in sufficient quantities and/or at economically attractive prices to satisfy our delivery obligations under our commercial agreements, which could have a material adverse effect on our business.
  • We face competition based upon market price for LNG or natural gas.
  • Technological innovation may render our processes obsolete.
  • Changes in legislation and regulations could have a material adverse impact on our business, results of operations, financial condition, liquidity and prospects.
  • The results of the 2020 U.S. presidential and congressional elections may create regulatory uncertainty for the LNG or broader energy industry. Changes in environmental laws could increase costs and harm our business, financial condition and results of operations.
  • Increasing trucking regulations may increase costs and negatively impact our results of operations.
  • Competition in the LNG industry is intense, and some of our competitors have greater financial, technological and other resources than we currently possess.
  • Failure of LNG to be a competitive source of energy in the markets in which we operate, and seek to operate, could adversely affect our expansion strategy.
  • We may experience increased labor costs, and the unavailability of skilled workers or failure to attract and retain qualified personnel could adversely affect us.
  • We may incur impairments to goodwill or long-lived assets.
  • A major health and safety incident involving LNG or the energy industry more broadly or relating to our business may lead to more stringent regulation of LNG operations or the energy business generally, could result in greater difficulties in obtaining permits, including under environmental laws, on favorable terms, and may otherwise lead to significant liabilities and reputational damage.
  • Failure to obtain and maintain permits, approvals and authorizations from governmental and regulatory agencies on favorable terms with respect to the design, construction and operation of our facilities could impede operations and construction and could have a material adverse effect on us.
  • Existing and future environmental, health and safety laws and regulations could result in increased compliance costs or additional operating costs or construction costs and restrictions.
  • Environmental, social, and governance (“ESG”) goals, programs, and reporting are increasingly being touted by capital providers and investors as a priority for the energy industry, and access to capital and investors for companies not prioritizing ESG may become increasingly limited.
  • The continued spread of a contagious illness such as COVID-19, may adversely affect our business, operations and financial condition.
  • Our ability to maintain our liquidity may be materially and adversely affected if any significant customer fails to perform its contractual obligations for any reason or if we are unable to access the capital markets.
  • We may incur losses over the next several years and may never achieve or maintain profitability.
  • Our Company may need substantial additional funding. If we are unable to raise capital when needed, we would be compelled to delay, reduce or eliminate portions of our existing business operations and development efforts.
  • Raising additional capital may cause dilution to our stockholders or restrict our operations.
  • Following the Share Exchange, the market price of our common stock declined, and we expect the stock price of our common stock to continue to be volatile.
  • Our common stock is thinly traded and the market for our securities may continue to be limited, and be sporadic and highly volatile.
  • If securities analysts do not publish research or reports about our business, or if they publish negative evaluations or recommendations, our share price could decline.
  • We are a “smaller reporting company” and, as a result of the reduced disclosure and governance requirements applicable to smaller reporting companies, our common stock may be less attractive to investors.
  • Casey Crenshaw, our Executive Chairman, has voting control over our company.
  • We may have conflicts of interest arising out of transactions with parties related to Casey Crenshaw.
  • In addition to Mr. Crenshaw’s ability to control all matters that require stockholder approval, provisions in our corporate charter documents and under Florida law could make an acquisition of the Company, which may be beneficial to its stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management.
  • We do not anticipate that we will pay any cash dividends in the foreseeable future.
  • Our present and future success depends on key members of our management team and certain employees and our ability to retain such key members, the loss of any of whom could disrupt our business operations.
  • Our success will also depend on pre-existing relationships with third parties. Any adverse changes in these relationships could adversely affect our business, financial condition or results of operations.
  • Weakened global macro-economic conditions may adversely affect our industry, ability to access capital, business and results of operations.
  • A cyber incident could result in information theft, data corruption, operational disruption, operational delays and/or financial loss.
  • From time to time, we may be involved in legal proceedings and may experience unfavorable outcomes.
  • We will continue to incur costs and demands upon management as a result of complying with the laws and regulations affecting public companies.
  • If we fail to establish and maintain proper and effective internal control over financial reporting, our operating results and our ability to operate its business could be harmed.
Management Discussion
  • Stabilis Solutions, Inc.
  • The Company’s revenues are derived from two operating segments: LNG and Power Delivery. The Company evaluates the performance of its segments based primarily on segment operating income.
  • Our LNG segment supplies LNG to multiple end markets in North America and provides turnkey fuel solutions to help users of propane, diesel and other crude-based fuel products convert to LNG.
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