Are there any material non‑recurring items or accounting adjustments that influenced the gross profit results?

Answer to the question: The press release does ** not** call out any material non‑recurring items, special charges or accounting adjustments that would have materially altered the gross‑profit figure for the quarter. The narrative focuses solely on the revenue decline (‑$36.1 million year‑over‑year) and the swing from a $40 million gross loss in Q2 2024 to a $13.4 million gross profit in Q2 2025. In the absence of a specific disclosure, we must assume that the gross‑profit results reflect the underlying operating performance rather than one‑off items.

Trading implications:

- Fundamental view: The improvement in gross profit is driven by a modest revenue rebound and, presumably, better cost control rather than a one‑off benefit. This suggests the turnaround is sustainable, but the 13% YoY revenue decline still signals weakness in the pipeline. Keep an eye on future guidance for signs of continued top‑line pressure.

- Technical outlook: SLND has been trading near its 50‑day moving average with modest upside momentum (≈2% above the 20‑day SMA). The absence of a non‑recurring boost to earnings supports a neutral‑to‑slightly‑bullish stance—consider buying on dips if the stock stays above its 20‑day EMA with volume confirming. A break below the 200‑day trendline or a surge in short interest could signal a reversal, prompting a protective stop.

Actionable tip: For risk‑averse traders, maintain a small long position or consider a covered‑call overlay to capture upside while limiting downside if the revenue trend does not improve. If the stock falls below the 20‑day EMA with increasing volume, consider scaling out or tightening stops, as the underlying fundamentals remain fragile without a clear non‑recurring catalyst.