Solana Company (HSDT) investor relations material

Executive summary

• Completed divestiture of legacy medical device (PoNS) business, realizing a $3.1 million gain and incurring $6.8 million in severance costs, and acquired a profitable Hong Kong regulated trust company for $2 million (half cash, half equity), aligning operations with a digital asset treasury and infrastructure focus.

• Launched first institutional validator cluster in Tokyo, securing 500,000 SOL in third-party stake, with revenue recognition expected in Q3 2026.

• Expanded team and board with experienced Web3, financial, and digital asset professionals to support growth and execution.

• Formed strategic partnerships, including with Jito Foundation and Alatau City, to advance institutional-grade Solana infrastructure and blockchain adoption.

• Transitioned to a digital asset treasury model focused on acquiring and holding Solana (SOL), with 86% of assets in SOL as of June 30, 2026.

Financial highlights

• Q2 2026 revenue was $2.5 million, up from $43,000 in Q2 2025, driven by staking income; gross profit reached $2.4 million with a gross margin of approximately 97%.

• Net loss for Q2 2026 was $30.3 million ($0.38 per share), compared to a $9.8 million loss in Q2 2025, impacted by non-recurring severance and digital asset fair value losses.

• For the first half of 2026, net loss was $130.1 million, driven by $121.2 million in realized and unrealized losses on SOL holdings and higher severance costs.

• General and administrative expenses rose to $11.1 million in Q2, including $6.8 million in non-recurring severance costs; for the first half, G&A was $16.3 million.

• As of June 30, 2026, total assets were $176.1 million, with $170.6 million in SOL holdings and $3.6 million in cash and cash equivalents.

Outlook and guidance

• Plans to scale validator infrastructure, expand third-party SOL stake, and convert advisory pipeline into revenue-generating engagements.

• Expects general and administrative expenses to normalize as non-core costs are eliminated.

• Management expects liquidity to be sufficient for at least the next twelve months, assuming the ability to liquidate digital assets as needed.

• Strategy remains focused on generating staking yield above network average and building revenue streams independent of SOL price.

• Future results will be heavily dependent on the price and liquidity of SOL, which remains highly volatile.