Quarterly ResultMay 12, 2026, 04:24 PM
Solésence Q1 Revenue Down 11.4% to $12.96M; Reports $0.77M Net Loss
AI Summary
Solésence, Inc. reported a decrease in total revenue for the first quarter of 2026, falling 11.4% to $12.96 million from $14.63 million in the prior year. The company also shifted from a net income of $0.08 million in Q1 2025 to a net loss of $0.77 million in Q1 2026, resulting in a basic and diluted loss per share of $0.01. Despite the revenue decline and net loss, net cash provided by operating activities significantly improved to $1.52 million, compared to a use of $7.22 million in the same period last year.
Key Highlights
- Net loss was $0.77 million in Q1 2026, compared to net income of $0.08 million in Q1 2025.
- Total revenue decreased 11.4% to $12.96 million for Q1 2026 from $14.63 million in Q1 2025.
- Basic and diluted loss per share was $0.01 for Q1 2026, compared to $0.00 income per share.
- Net cash provided by operating activities was $1.52 million, a significant improvement from $(7.22) million used in Q1 2025.
- Personal Care Ingredients revenue increased 98.5% to $2.73 million in Q1 2026.
- Consumer Products revenue decreased 22.2% to $10.03 million in Q1 2026.
- Selling, general and administrative expense rose 32.8% to $2.80 million in Q1 2026.
- Three significant customers generated 67% of total revenue in Q1 2026.
Price Impact
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