Solidion Technology Inc. (STI) 10-Year Financial Performance & Capital Metrics

STI • • Industrial / General

IndustrialsElectrical EquipmentBattery Materials & ComponentsAdvanced Battery Technologies

AboutSolidion Technology Inc. engages in the development and supply of battery materials, components, cells, and selected module/pack technologies. Its products include advanced anode materials; three classes of solid-state batteries, including silicon-rich all-solid-state lithium-ion cells; anode less lithium metal cells; and lithium-sulfur cells. The company was formerly known as Honeycomb Battery Company and changed its name to Solidion Technology Inc. in February 2024. The company was incorporated in 2014 and is based in Dayton, Ohio. Solidion Technology Inc. operates as a subsidiary of Global Graphene Group, Inc.Show more

Revenue $0 -100.0%
EBITDA -$13M -171.5%
Net Income -$26M -387.0%
EPS (Diluted) -13.01 -257.4%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 86 (top 14%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 36.2% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM150.52%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM53.16%

EPS CAGR

10Y-

5Y-

3Y-

TTM76.6%

ROCE

10Y Avg-4.77%

5Y Avg-4.77%

3Y Avg-4.77%

Latest-

Peer Comparison

Advanced Battery Technologies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
SDSTWStardust Power Inc.		0.11	-0.19			-8.42%
SDSTStardust Power Inc.	35.84M	3.65	-0.66
STISolidion Technology Inc.	63.75M	8.79	-0.68	-100%	-640.89%
NVXNovonix Limited	285.63M	1.36	-2.27	-51.75%	-8.76%	-81.63%	0.51
ENVXEnovix Corporation	1.69B	7.82	-6.16	201.86%	-481.35%	-61.96%	0.77
SLDPSolid Power, Inc.	1.08B	5.63	-10.43	15.67%	-468.64%	-25.42%	0.02
LTBRLightbridge Corporation	568.76M	17.57	-21.69			-10.64%
AMPXAmprius Technologies, Inc.	1.32B	10.15	-22.56	168.08%	-53.16%	-30.09%	0.54

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	6.94K	0
Revenue Growth %	-	-	-	-1%
Cost of Goods Sold+	0	0	552.86K	350.51K
COGS % of Revenue	-	-	79.62%	-
Gross Profit+	0	0	-545.91K	-350.51K
Gross Margin %	-	-	-78.62%	-
Gross Profit Growth %	-	-	-	0.36%
Operating Expenses+	0	904.19K	4.78M	12.95M
OpEx % of Revenue	-	-	687.9%	-
Selling, General & Admin	0	904.19K	1.75M	10.57M
SG&A % of Revenue	-	-	252.5%	-
Research & Development	0	0	3.02M	2.38M
R&D % of Revenue	-	-	435.4%	-
Other Operating Expenses	0	0	0	0
Operating Income+	0	-904.19K	-5.32M	-13.3M
Operating Margin %	-	-	-766.51%	-
Operating Income Growth %	-	-	-4.89%	-1.5%
EBITDA+	-1.43K	933.8K	-4.77M	-12.95M
EBITDA Margin %	-	-	-686.9%	-
EBITDA Growth %	-	654.01%	-6.11%	-1.71%
D&A (Non-Cash Add-back)	0	0	552.86K	350.51K
EBIT	-1.43K	933.8K	-5.32M	-25.56M
Net Interest Income+	0	5.68K	3.8M	380.77K
Interest Income	0	5.68K	3.8M	13.81K
Interest Expense	0	0	0	-366.96K
Other Income/Expense	-1.43K	1.84M	-1.95K	-12.63M
Pretax Income+	-1.43K	933.8K	-5.32M	-25.93M
Pretax Margin %	-	-	-766.79%	-
Income Tax+	0	339.9K	0	0
Effective Tax Rate %	1%	0.64%	1%	1%
Net Income+	-1.43K	593.9K	-5.32M	-25.93M
Net Margin %	-	-	-766.79%	-
Net Income Growth %	-	416.32%	-9.97%	-3.87%
Net Income (Continuing)	-1.43K	593.9K	-5.32M	-25.93M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	-0.01	-0.05	-3.64	-13.01
EPS Growth %	-	-	-66.53%	-2.57%
EPS (Basic)	-0.01	0.01	-3.64	-13.01
Diluted Shares Outstanding	1.46M	1.46M	1.46M	1.99M
Basic Shares Outstanding	1.46M	1.46M	1.46M	1.99M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	0	761.28K	258.07K	3.89M
Cash & Short-Term Investments	0	545.65K	780	3.35M
Cash Only	0	545.65K	780	3.35M
Short-Term Investments	0	0	0	0
Accounts Receivable	0	0	189.66K	303.5K
Days Sales Outstanding	-	-	9.97K	-
Inventory	0	0	22.73K	24.43K
Days Inventory Outstanding	-	-	15.01	25.44
Other Current Assets	0	0	0	0
Total Non-Current Assets+	180.34K	127.82M	4.17M	4.15M
Property, Plant & Equipment	0	0	2.32M	2.09M
Fixed Asset Turnover	-	-	0.00x	-
Goodwill	0	0	0	0
Intangible Assets	0	0	1.85M	1.97M
Long-Term Investments	0	127.78M	0	80.24K
Other Non-Current Assets	180.34K	35.87K	0	0
Total Assets+	180.34K	128.58M	4.43M	8.04M
Asset Turnover	-	-	0.00x	-
Asset Growth %	-	711.98%	-0.97%	0.81%
Total Current Liabilities+	156.77K	909.33K	1.02M	30.86M
Accounts Payable	0	0	144.92K	2.14M
Days Payables Outstanding	-	-	95.68	2.22K
Short-Term Debt	125.34K	125.34K	0	2.45M
Deferred Revenue (Current)	0	0	0	0
Other Current Liabilities	31.43K	444.09K	872.49K	26.27M
Current Ratio	-	0.84x	0.25x	0.13x
Quick Ratio	-	0.84x	0.23x	0.13x
Cash Conversion Cycle	-	-	9.89K	-
Total Non-Current Liabilities+	0	4.32M	0	0
Long-Term Debt	0	0	0	0
Capital Lease Obligations	0	0	0	0
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	0	4.32M	0	0
Total Liabilities	156.77K	5.23M	1.02M	30.86M
Total Debt+	125.34K	125.34K	0	2.45M
Net Debt	125.34K	-420.31K	-780	-908.27K
Debt / Equity	5.32x	0.00x	-	-
Debt / EBITDA	-	0.13x	-	-
Net Debt / EBITDA	-	-0.45x	-	-
Interest Coverage	-	-	-	-
Total Equity+	23.57K	123.35M	3.41M	-22.82M
Equity Growth %	-	5232.27%	-0.97%	-7.69%
Book Value per Share	0.02	84.24	2.33	-11.45
Total Shareholders' Equity	23.57K	123.35M	3.41M	-22.82M
Common Stock	316	127.24M	6.98K	13.17K
Retained Earnings	-1.43K	-3.9M	-25.45M	-115.88M
Treasury Stock	0	0	0	0
Accumulated OCI	0	0	0	0
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.83M	-725.1K	-4.07M	-7.38M
Operating CF Margin %	-	-	-585.87%	-
Operating CF Growth %	-	0.74%	-4.61%	-0.81%
Net Income	-3.47M	593.9K	-5.32M	-25.93M
Depreciation & Amortization	657.18K	606.91K	552.86K	350.51K
Stock-Based Compensation	0	0	0	4.34M
Deferred Taxes	0	0	0	0
Other Non-Cash Items	0	-2.44M	0	12.57M
Working Capital Changes	-12.54K	513.31K	703.47K	1.28M
Change in Receivables	32.72K	1.06M	-188.63K	1.17K
Change in Inventory	19.44K	0	0	-1.7K
Change in Payables	357	424.91K	31.78K	1.34M
Cash from Investing+	-261.5K	-125.97M	-376.15K	-246.07K
Capital Expenditures	-19.75K	-10.14K	-376.15K	-246.07K
CapEx % of Revenue	-	-	54.17%	-
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	-241.75K	-125.96M	0	0
Cash from Financing+	3.06M	127.24M	3.82M	10.98M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	3.06M	3.74M	0	2.83M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-3.09M	-725.1K	-4.44M	-7.62M
FCF Margin %	-	-	-640.04%	-
FCF Growth %	-	0.77%	-5.13%	-0.72%
FCF per Share	-2.11	-0.50	-3.04	-3.82
FCF Conversion (FCF/Net Income)	1979.07x	-1.22x	0.76x	0.28x
Interest Paid	0	0	0	169.91K
Taxes Paid	0	0	0	89.96K

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-6.07%	0.96%	-8.4%	-
Return on Invested Capital (ROIC)	-	-1.1%	-6.32%	-
Gross Margin	-	-	-7861.62%	-
Net Margin	-	-	-76679.49%	-
Debt / Equity	5.32x	0.00x	-	-
FCF Conversion	1979.07x	-1.22x	0.76x	0.28x
Revenue Growth	-	-	-	-100%

Revenue by Segment

	2014	2018
Wholesale	-	929M
Wholesale Growth	-	-
Consumer	-	417M
Consumer Growth	-	-
Corporate Other	81M	-112M
Corporate Other Growth	-	-238.27%

Frequently Asked Questions

Growth & Financials

Solidion Technology Inc. (STI) reported $0.0M in revenue for fiscal year 2024.

Solidion Technology Inc. (STI) saw revenue decline by 100.0% over the past year.

Solidion Technology Inc. (STI) reported a net loss of $8.6M for fiscal year 2024.

Dividend & Returns

Solidion Technology Inc. (STI) had negative free cash flow of $5.5M in fiscal year 2024, likely due to heavy capital investments.

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