Solana Company Q3 FY2025 earnings call

• Three execution pillars identified: advocacy, capital markets, and treasury management. Advocacy focuses on promoting Solana to maximize shareholder value, with outreach in Asia showing significant potential. • Capital markets strategy aims to maximize tokens per share through disciplined capital formation, including the ATM program and share buyback. • Treasury management involves disciplined SOL purchases, with staking yields outperforming peers and rewards restaked for compound returns. • Neurotechnology segment made progress with the PoNS stroke program, supporting FDA 510(k) submission with successful clinical results.

For the digital asset segment, Solana Company increased its holdings of SOL by $100,000 in the first month of operation, reaching a total of over 2,300,000 tokens, and still holds $9,800,000 in cash and stablecoins. In October, the company's average gross staking yield was 7.3% APY, which was approximately 36 basis points better than the top 10 largest validators' stake-weighted average over the same period. For the legacy neurotechnology segment, the PoNS stroke registration program was successfully executed with positive clinical outcomes, and there was increased US activity including VA and cash sales along with additional out-of-network third-party reimbursement. The third-quarter revenue from digital asset staking rewards was $342,000, and cost of revenue decreased due to lower inventory reserve and production scrap expenses.

• Focus on executing the digital asset treasury strategy, incorporating learnings from strategic investors. • Continue to increase SOL holdings and utilize cash and stablecoins for further treasury activities. • Anticipate industry consolidation and aim to distinguish through operational excellence and capital discipline.

• Actual results may differ from forward-looking statements due to risks and uncertainties outlined in SEC filings. • Market environment changes could lead to increased competition and consolidation, potentially impacting less competitive digital asset treasury (DAT) entities.

Q: None A: None