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Stabilis Solutions Inc - Registered Shares (SLNG)

Stabilis Solutions, Inc. provides integrated LNG fueling solutions. The Company specializes in the production and distribution of liquefied natural gas (LNG), as well as offers technical support services. Stabilis Solutions operates in North America.

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
Subsidiaries
Diversenergy, LLC • Diversenergy Mexico • Lisbon LNG LLC • M&I Electric Brazil Sistemas e Servicios em Energia LTDA • M&I Electric Industries, Inc. • Mile High LNG LLC • PEG Partners, LLC • Stabilis GDS, Inc. • Prometheus Energy Canada Inc. • Prometheus Technologies, LLC ...
IRS number
593410234

SLNG stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 May 22
9 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.54M 2.54M 2.54M 2.54M 2.54M 2.54M
Cash burn (monthly) (no burn) 43.42K 178.33K 648.33K (no burn) (no burn)
Cash used (since last report) n/a 187.04K 768.26K 2.79M n/a n/a
Cash remaining n/a 2.35M 1.77M -252.01K n/a n/a
Runway (months of cash) n/a 54.2 9.9 -0.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 22 Puhala Andrew Lewis Common Stock Buy Acquire P No No 4.1 423 1.73K 15,707
11 May 22 Kuntz Edward L Common Stock Buy Acquire P No No 4.16 1,000 4.16K 34,166
9 May 22 Puhala Andrew Lewis Common Stock Buy Acquire P No No 3.79 2,000 7.58K 15,284
9 May 22 Kuntz Edward L Common Stock Buy Acquire P No No 4.13 5,000 20.65K 33,166
29 Apr 22 Puhala Andrew Lewis Common Stock Option exercise Acquire M No No 0 6,667 0 13,284
29 Apr 22 Puhala Andrew Lewis RSU Common Stock Option exercise Dispose M No No 0 6,667 0 11,326
69.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 6 12 -50.0%
Opened positions 0 1 EXIT
Closed positions 6 0 NEW
Increased positions 2 3 -33.3%
Reduced positions 0 4 EXIT
13F shares Current Prev Q Change
Total value 83M 83.82M -1.0%
Total shares 12.72M 12.78M -0.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
JCH Crenshaw 12.58M $82.4M 0.0%
SFMG 58.62K $248K 0.0%
Argent Trust 58.32K $247K 0.0%
Renaissance Technologies 14.7K $62K +0.7%
BLK Blackrock 6.59K $28K +2.7%
Lee Financial 1.5K $6K 0.0%
Proequities 0 $0
Largest transactions Shares Bought/sold Change
Vanguard 0 -43.81K EXIT
Millennium Management 0 -17.04K EXIT
UBS UBS Group AG - Registered Shares 0 -646 EXIT
Tower Research Capital 0 -358 EXIT
BLK Blackrock 6.59K +175 +2.7%
Renaissance Technologies 14.7K +100 +0.7%
FHI Federated Hermes 0 -66 EXIT
WFC Wells Fargo & Co. 0 -15 EXIT
Proequities 0 0
Lee Financial 1.5K 0 0.0%

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.
  • Our business may require 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 involves 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 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 contractors for the successful completion of our energy-related infrastructure.
  • 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.
  • 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.
  • Our lack of diversification could have an adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • Our risk management strategies cannot eliminate all LNG price and supply risks. In addition, any non-compliance with our risk management strategies could result in significant financial losses.
  • 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 identified 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.
  • Our Chinese Joint Venture, BOMAY, has a limited life and is subject to risk that it may not be renewed.
  • We have operations and investment in foreign countries and we could experience losses from weakening foreign economies as well as unforeseen or unexpected operating, financial, political or cultural factors in these countries.
  • 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.
  • Investment in us is speculative.
  • 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.
  • Our common stock is thinly traded with a limited market and 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 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 and geopolitical conditions may adversely affect our industry, ability to access capital, business and results of operations.
  • Increased inflation or periods of prolonged inflation may adversely impact the economy, our industry and results of operations.
  • The spread of a contagious illness such as COVID-19 or resurgence of a COVID-19 variant, may adversely affect our business, operations and financial condition.
  • 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
  • The 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. The Power Delivery Segment provides power delivery equipment and services in Brazil and through our BOMAY joint venture in China. We evaluate the performance of our segments based primarily on segment operating income. See also Note 3 of the Notes to Condensed Consolidated Financial Statements for further discussion of our segments.
  • The comparative tables below reflect our consolidated operating results as well as the operating results of our two operating segments for the three months ended March 31, 2022 (the “Current Quarter”) as compared to the three months ended March 31, 2021 (the “Prior Year Quarter”) (unaudited, amounts in thousands, except for percentages). In the table below, $0.5 million for the Prior Year Quarter was reclassified from selling, general and administrative expense to costs of rental, service and other within our LNG segment to conform to current period presentation.
  • LNG product revenue. During the Current Quarter, LNG product revenue increased $5.1 million, or 44%, versus the Prior Year Quarter primarily related to:

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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