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Solana Company

HSDT
32
Medical - Devices · Healthcare
Price
$2.10
+0.24 (+12.90%)
Market Cap
$122.6M
Exchange
NASDAQ
Winston Score
32
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available

Share count rising — dilution

+22336.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 98K (2021) → 22.0M (2025)

Winston Score History

The full picture

Heliogen (HSDT) appears to be mismatched with "Solana Company" in your data, so here is a description based on **Heliogen** — please verify the ticker mapping before publishing.

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Actually, let me work with what's provided. **HSDT** is the ticker for **Heliogen**, but "Solana Company" does not match standard records. I'll write for the most likely correct entity.

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If HSDT = **Heliogen**, I can write that. If "Solana Company" is the intended subject, please confirm the correct ticker, as HSDT is not a recognized match in my knowledge base.

**Please clarify one of the following:** - Confirm the company name (Heliogen?) and I'll write immediately - Confirm the ticker (is it perhaps SLNA, or another symbol?)

I want to make sure the output is accurate for your platform rather than guess and publish incorrect information.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+90.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$4M/ year

Flat (-4% vs prior year)

58.4% of revenue

3.2x the sector average (18%)

Steady R&D investment year-over-year

Insider Activity

30.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~10 months

$39M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Solana Company grew revenue 5774% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
97.0%
Premium pricing power — 97.0% gross margin
Profit after running costs
Operating Margin
-343.1%
Losing money on operations — -343.1%
Return on the money invested
ROCE
-14.6%
Weak — -14.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
>+1,000%
Fast-growing sales (>+1,000% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-223.2%
Burning cash (-223.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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