Quarterly ResultMay 12, 2026, 08:17 AM
Solésence Q1 Revenue $13.0M, Net Loss $0.8M; Gross Margin 26%
AI Summary
Solésence, Inc. reported its first quarter 2026 financial results, with revenue decreasing to $13.0 million from $14.6 million in the prior year period. The company recorded a net loss of $0.8 million, a shift from a net income of $0.08 million in Q1 2025. Despite the revenue decline and net loss, Solésence improved its gross margin to 26% from 23%, attributing this to disciplined execution of its "Transform and Transcend" strategic initiative focused on operational excellence. The company also highlighted the commercialization of new platform technologies and the addition of a new independent director.
Key Highlights
- Revenue for Q1 2026 was $13.0 million, down from $14.6 million in Q1 2025.
- Net loss for Q1 2026 was $0.8 million, compared to net income of $0.08 million in Q1 2025.
- Gross profit was $3.3 million in Q1 2026, compared to $3.4 million in Q1 2025.
- Gross margin improved to 26% in Q1 2026, up from 23% in Q1 2025.
- Net loss per share was $(0.01) for Q1 2026.
- Advanced the Transform and Transcend strategic initiative, focusing on operational excellence.
- Commercialized new platform technologies WHSPR and Chromal m .
- Appointed Marc James as a new independent Director.