SLS Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	-	-	-	1	7.6
Revenue Growth (YoY)	-	-	-	-86.84%	300.00%
Cost of Revenue	-	-	-	0.1	0.2
Gross Profit	-	-	-	0.9	7.4
Selling, General & Admin	12.25	12.42	13.86	12.58	11.32
Research & Development	16.02	19.1	24.01	20.27	15.67
Other Operating Expenses	-	-	-	10	5.7
Total Operating Expenses	28.27	31.51	37.87	42.85	32.69
Operating Income	-28.27	-31.51	-37.87	-41.95	-25.29
Interest Income	1.41	0.63	0.53	0.32	0.01
Other Non-Operating Income (Expense)	-	-	0	0.33	4.35
Total Non-Operating Income (Expense)	1.41	0.63	0.53	0.65	4.36
Pretax Income	-26.86	-30.88	-37.34	-41.3	-20.94
Provision for Income Taxes	-	-	-	-	-0.24
Net Income	-26.86	-30.88	-37.34	-41.3	-20.7
Net Income to Common	-26.86	-30.88	-37.34	-41.3	-20.7
Shares Outstanding (Basic)	109	61	28	19	15
Shares Outstanding (Diluted)	109	61	28	19	15
Shares Change (YoY)	78.18%	120.33%	43.21%	25.29%	94.07%
EPS (Basic)	-0.25	-0.50	-1.34	-2.13	-1.34
EPS (Diluted)	-0.25	-0.50	-1.34	-2.13	-1.34
Shares Outstanding	153.1	73.98	32.13	20.59	15.89
Free Cash Flow	-28.39	-35.4	-31.41	-23.81	-26.02
Free Cash Flow Per Share	-0.26	-0.58	-1.13	-1.23	-1.68
Gross Margin	-	-	-	90.00%	97.37%
Operating Margin	-	-	-	-4195.00%	-332.82%
Profit Margin	-	-	-	-4130.10%	-272.36%
FCF Margin	-	-	-	-2380.90%	-342.38%
EBITDA	-28.27	-31.51	-37.87	-41.95	-25.29
EBIT	-28.27	-31.51	-37.87	-41.95	-25.29
EBIT Margin	-	-	-	-4195.00%	-332.82%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	1.13%

Updated Mar 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q