| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 14.60 | 28.3% | 13.5% |
| Total Income | 14.60 | 28.3% | 13.5% |
| Expenditure | 15.72 | 11.1% | 15.0% |
| PBT | -1.12 | 136.6% | 136.7% |
| Net Profit | -1.12 | 141.9% | 136.7% |
| OPM | -5.35% | 14.73pp | 24.31pp |
| NPM | -7.67% | 20.77pp | 25.73pp |
| EPS | -0.02 | 150.0% | 150.0% |
Solésence Reports Third Quarter 2025 Revenue at $14.5 Million
04 May 2026 · 4 May, 7:28 am
Summary
Solésence, Inc. reported its financial results for the third quarter ended September 30, 2025. The company's revenue for the quarter was $14.5 million, a decrease from $16.9 million in the same period of 2024. Gross margin also decreased to 23% from 36% year-over-year. The company experienced a net loss of $1.1 million, compared to a net income of $3.0 million in the third quarter of the previous year. Solésence implemented strategic initiatives to drive improvements in innovation, product quality, and operational efficiency.
Key Highlights
- 1
Solésence's third quarter revenue reached $14.5 million, compared to $16.9 million for the same period in 2024.
- 2
The gross margin for the third quarter was 23%, a decrease from 36% in the same period of the previous year.
- 3
Gross profit for the third quarter amounted to $3.4 million, down from $6.1 million in the third quarter of 2024.
- 4
The company reported a net loss of $1.1 million for the third quarter, compared to a net income of $3.0 million for the same period in 2024.
- 5
Solésence unified its operations group and executed structural changes to enhance operational efficiencies across manufacturing and supply chain during the third quarter.
- 6
The company consolidated its manufacturing facilities from three to two to streamline operations.
- 7
Solésence improved automation to streamline manufacturing processes.
Management Comments
Kevin Cureton
“As part of our ongoing transformation, Solésence implemented several strategic initiatives driving improvements in innovation, product quality and operational efficiency. At the same time, we are dedicated to expanding the reach of our skin care, sun care and color cosmetic solutions to consumers who are passionate for our products. Despite a challenging third quarter, we are confident that our wider organizational and commercial strategies will solidify Solésence’s future as a dynamic, highly profitable growth company.”
Laura Riffer
“Our recent structural changes focused on streamlining operations, enhancing product integrity, and improving productivity have strategically positioned Solésence for scaled growth. We reorganized vital parts of the business—specifically unifying our R&D and Quality teams, consolidating manufacturing, and increasing production automation. The culmination of all these efforts will provide the sound operational foundation necessary to efficiently deliver the highest quality products to our brand partners, solidifying our position with them as their long-term partner of choice.”
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