Stabilis Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 02:53 am IST
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Stabilis Solutions, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 12.91 million compared to USD 23.15 million a year ago. Net loss was USD 2.17 million compared to USD 2.17 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.11 a year ago. Basic loss per share was USD 0.12 compared to USD 0.12 a year ago. Diluted loss per share was USD 0.12 compared to USD 0.12 a year ago.
For the six months, sales was USD 39.75 million compared to USD 43.42 million a year ago. Net loss was USD 1.09 million compared to USD 2.57 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.13 a year ago. Basic loss per share was USD 0.06 compared to USD 0.14 a year ago. Diluted loss per share was USD 0.06 compared to USD 0.14 a year ago.
Stabilis Solutions, Inc. and its subsidiaries is an energy transition company. The Company provides turnkey clean energy production, storage, transportation and fueling solutions primarily using liquefied natural gas (LNG) to multiple end markets. The Company provides liquefied natural gas (LNG) solutions to customers in diverse end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets. It builds and operates cryogenic natural gas processing facilities, called liquefiers, which convert natural gas into LNG through a purification and multiple stage cooling process. It owns and operates a liquefier that can produce up to 100,000 LNG gallons per day in George West, Texas and a liquefier that can produce up to 30,000 LNG gallons per day in Port Allen, Louisiana. It offers its customers a virtual natural gas pipeline by providing turnkey LNG transportation and logistics services in North America.