Core Insights - SLANG Worldwide Inc. reported financial results for Q1 2024, highlighting a diversified strategy and operational efficiencies despite challenges in core markets [2][4] - The company experienced a 41% decrease in gross profit year-over-year, with revenue of $7.03 million for the quarter [4][9] - Significant growth was noted in the e-commerce segment, with a 45% increase in sales, and a remarkable 417% increase in Vermont wholesale sales year-over-year [3][5] Financial Performance - Revenue for Q1 2024 was $7.03 million, down from $10.82 million in Q1 2023, primarily due to increased competition and market declines in Vermont and Colorado [4][7] - Gross profit was $3.36 million, representing a 48% gross margin, compared to $5.72 million and a 53% gross margin in Q1 2023 [4][8] - Operating expenses decreased to $5.54 million in Q1 2024 from $5.78 million in Q1 2023, reflecting a 4% year-over-year reduction [4][9] Operational Highlights - The e-commerce channel contributed $0.46 million in sales in Q1 2024, up from $0.30 million in Q4 2023, indicating a 53% quarter-over-quarter growth [5] - Vermont wholesale sales reached $0.31 million in Q1 2024, a significant increase from $0.06 million in Q1 2023 [5] - The company signed a new distribution agreement to expand the reach of its Alchemy Naturals CBD gummies across the U.S. [5] Market Outlook - The U.S. Department of Justice's recommendation to reschedule cannabis from Schedule I to Schedule III is anticipated to positively impact SLANG and the broader cannabis industry [3]

Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its first quarter 2024 financial results and conference call. The Company plans to release its financial results for the quarter ended March 31, 2024, before markets open on May 30, 2024. Management plans to host an invest ...

Stabilis Solutions, Inc. (NASDAQ:SLNG) Q1 2024 Earnings Conference Call May 8, 2024 ET Company Participants Westy Ballard - President and CEO Andy Puhala - Chief Financial Officer Conference Call Participants Martin Malloy - Johnson Rice William Dezellem - Tieton Capital Barry Haimes - Sage Asset Management Operator Good day, everyone, and welcome to the Stabilis Solutions' First Quarter 2024 Earnings Conference Call. [Operator Instructions] Now it is my pleasure to turn the floor over to our host, Andy Puh ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Florida 59-3410234 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 11750 Katy Freeway, Suite 900, Houston, TX 77079 (Address of principal executive offices, including zip code) (832) 456-6500 (Registrant's telephone number, including area code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ...

Exhibit 99.1 STABILIS SOLUTIONS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS Houston, May 7, 2024 — Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq: SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the first quarter ended March 31, 2024. FIRST QUARTER PERFORMANCE HIGHLIGHTS MANAGEMENT COMMENTARY "We delivered a strong first quarter performanc ...

Stabilis Solutions, Inc. (NASDAQ:SLNG) Q4 2023 Results Conference Call March 7, 2024 9:00 AM ET Company Participants Westy Ballard - President, CEO Andy Puhala - SVP, CFO Conference Call Participants Martin Malloy - Johnson Rice Barry Haimes - Sage Asset Management Bill Dezellem - Titan Capital Operator Welcome to the Stabilis Solutions Fourth Quarter and Full Year 2023 Results Conference Call. [Operator Instructions]. I would now like to turn the call over to Andy Puhala, Chief Financial Officer. Mr. Puha ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40364 STABILIS SOLUTIONS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

STABILIS SOLUTIONS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS Houston, March 6, 2024 — Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq: SLNG), a leading provider of clean energy production, storage, and delivery solutions to multiple end markets, today announced financial results for the fourth quarter and full year ended December 31, 2023. Exhibit 99.1 ● Generated positive fourth quarter and full-year net income ● Delivered $6.7 million of cash flow from operations in full year 202 ...

Stabilis Solutions, Inc. (NASDAQ:SLNG) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Andrew Puhala - Senior Vice President and Chief Financial Officer Westervelt Ballard - President and Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Jeffrey Grampp - Alliance Global Partners Barry Haimes - Sage Asset Management Operator Welcome to the Stabilis Solutions Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number. 001-40364 STABILIS SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Florida 59-3410234 (State or other ju ...