Solid Clouds Income Statement

Financials in millions ISK. Fiscal year is January - December.

Millions ISK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	144.26	99.21	20.47	11.14	14.35	63.77
Other Revenue	-17.18	-17.18	-	-	-	5.67
Revenue	127.08	82.03	20.47	11.14	14.35	69.44
Revenue Growth (YoY)	228.15%	300.78%	83.70%	-22.37%	-79.33%	6943600.00%
Cost of Revenue	148.93	147.41	112.65	98.37	65.73	68.86
Gross Profit	-21.85	-65.38	-92.18	-87.23	-51.37	0.58
Selling, General & Admin	174.36	154.17	49.47	14	8.68	16.33
Research & Development	29.42	27.91	4.6	4.93	3.31	8.2
Operating Expenses	203.95	182.08	54.08	18.93	11.99	24.53
Operating Income	-225.8	-247.46	-146.26	-106.16	-63.36	-23.95
Interest Expense	-17.43	-2.75	-1.35	-1.9	-1.24	-1.03
Interest & Investment Income	1.78	6.49	9.3	13.63	3.31	0.45
Currency Exchange Gain (Loss)	-1.92	-1.01	-0.32	0.33	-1.31	1.87
Other Non Operating Income (Expenses)	-0	-0	-0	-	-0	-0
Pretax Income	-243.37	-244.73	-138.63	-94.12	-62.6	-22.67
Income Tax Expense	185.67	159.74	-55.55	-43.34	-28.53	-32.32
Net Income	-429.04	-404.46	-83.08	-50.78	-34.07	9.64
Net Income to Common	-429.04	-404.46	-83.08	-50.78	-34.07	9.64
Shares Outstanding (Basic)	717	332	184	184	184	126
Shares Outstanding (Diluted)	717	332	184	184	184	126
Shares Change (YoY)	116.11%	80.13%	-	-	46.04%	8.19%
EPS (Basic)	-0.60	-1.22	-0.45	-0.28	-0.18	0.08
EPS (Diluted)	-0.60	-1.22	-0.45	-0.28	-0.18	0.08
Gross Margin	-17.19%	-79.70%	-	-	-	0.83%
Operating Margin	-177.68%	-301.66%	-714.56%	-952.83%	-441.43%	-34.49%
Profit Margin	-337.61%	-493.06%	-405.89%	-455.77%	-237.35%	13.89%
EBIT	-225.8	-247.46	-146.26	-106.16	-63.36	-23.95
EBIT Margin	-177.68%	-	-	-	-	-34.49%
Revenue as Reported	82.03	82.03	20.47	11.14	14.35	69.44
Advertising Expenses	-	134.25	33.85	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.