)

Slang Worldwide (SLNG) investor relations material
Slang Worldwide Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2024 saw a 26% year-over-year revenue decline to $6.28 million, mainly due to lower Core and Emerging Market sales and increased competition.
Gross profit dropped 38% year-over-year to $2.69 million, with gross margin falling to 43% from 52%.
Operating expenses decreased 12% year-over-year to $5.47 million, driven by lower salaries, consulting, and G&A costs.
Total comprehensive loss widened to $11.50 million from $5.16 million in Q2 2023, impacted by higher impairments and lower gross profit.
Management is working with financial advisors to explore strategic and financial alternatives.
Financial highlights
Net operating revenue: $6.28 million in Q2 2024 vs. $8.44 million in Q2 2023.
Gross profit: $2.69 million (43% margin) in Q2 2024 vs. $4.35 million (52% margin) in Q2 2023.
EBITDA: ($2.07 million) in Q2 2024 vs. ($1.17 million) in Q2 2023; Adjusted EBITDA: ($1.42 million) vs. ($0.76 million).
Cash and restricted cash: $6.75 million as of June 30, 2024, down from $8.32 million at March 31, 2024.
Earnings per share: ($0.05) basic and diluted in Q2 2024 vs. ($0.02) in Q2 2023.
Outlook and guidance
Management continues to face competitive headwinds and limited cash for operations, prompting a review of strategic alternatives.
Commitment to updating shareholders as the process evolves.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage