SLDC
Solidus Communications Inc.0.0014
-0.0002-13.2%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
569.44KP/E (TTM)
0.01Basic EPS (TTM)
0.15Dividend Yield
0%Recent Filings
10-Q
Q1 FY2017 results
Telco Cuba's Q1 FY2017 revenue dipped 17% y/y to $31,679 from $38,149, reflecting a strategic pivot toward Cuban telecom opportunities, while operating expenses fell sharply 45% y/y to $97,972, yielding a narrower operating loss of $66,293 versus $139,496 last year. Yet net loss widened to $164,157 from a $494,655 profit, driven by a $44,889 adverse change in derivative liability fair value and $52,975 interest expense, contrasting prior-year debt extinguishment gains. Diluted EPS held at $(0.0007), consistent with basic amid heavy dilution from 1.2 billion weighted shares. Cash ended at $9,362 after $99,623 operating inflow, but total debt stood at $2.7M plus $540K convertibles, with revolver details not disclosed. The company settled notes with EMA Financial, Essex Global, and LG Capital in July 2017, waiving interest and fees. Ongoing litigation with Cuentas over a failed MVNO contract poses execution risks.
10-K
FY2016 results
Telco Cuba posted FY2016 revenue of $146,731, down 15.5% y/y from $173,560, yet swung to a net profit of $644,287 from a $1.17M loss, fueled by a $1.19M gain on derivative liability valuation while operating losses narrowed to $212,903 from $657,927. Q4 momentum showed no acceleration, with revenues from Amgentech's tech services steady but insufficient to offset ongoing expenses amid the telecom rollout. Debt burden eased slightly to $5.38M, supported by $142,500 in stock sales, but liquidity remains razor-thin at $21K cash. No annual guidance disclosed. Ongoing litigation over the undelivered MVNO platform threatens quarterly cash flows.
8-K
Auditor change and HQ move
Telco Cuba dismissed RBSM LLP as its independent auditor and engaged M&K CPAs, PLLC for fiscal years 2015-2017, effective September 1, 2021, with no disagreements or reportable events noted. Prior RBSM reports included a going concern uncertainty. The company relocated its headquarters to Ormond Beach, Florida, on March 30, 2019. This switch aims to address overdue audits.
8-K
Corporate governance updates
Telco Cuba amended its Articles of Incorporation on November 30, 2016, boosting authorized shares from 975 million to 2 billion, including 1.999 billion common and 1 million preferred, while empowering the board to set preferred stock terms without shareholder votes. The company relocated its headquarters to Davie, Florida, on January 31, 2017, and accepted director Linnette Miller's resignation from the board on January 1, 2017, shifting her to a consulting role for accounting and reporting. These tweaks signal routine housekeeping. Yet flexibility reigns.
8-K
Audit delays resolved, launch imminent
Telco Cuba delayed its year-end audit and Amgentech audit due to funding issues but secured financing to finish both by April 30, 2016. The company plans to launch mobile cell phone service, enabling direct U.S.-to-Cuba communications, within 30 days. Audits proceed smoothly now. This positions Telco for operational rollout amid regulatory thaw.
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