Stabilis Solutions reports Q2 revenue dip amid market growth

Crenshaw said that, although total revenue declined year-over-year in the second quarter, Stabilis is, "gaining momentum in key high growth aerospace, marine and power generation markets, which together increased 15 per cent year-over-year, reflecting growing demand for our solutions in high-performance and mission critical applications."

"We remain focused on generating operating cash flows and maintaining a strong balance sheet and liquidity to support our long-term growth strategy," added Andy Puhala, Stabilis' Chief Financial Officer.

"As of the end of the second quarter, we had over US$16 million in cash and available liquidity, providing us with the ability to continue investing in both capital expenditures and operating investments to support value creation for stakeholders."