| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 12.96 | 11.4% |
| Total Income | 12.96 | 11.4% |
| Expenditure | 13.72 | 5.7% |
| PBT | -0.77 | 1062.5% |
| Net Profit | -0.77 | 1062.5% |
| OPM | -3.89% | 5.64pp |
| NPM | -5.91% | 6.46pp |
| EPS | -0.01 |
Solésence Reports Q1 2026 Revenue of $13.0 million
12 May 2026 · 12 May, 5:47 pm
Summary
Solésence, Inc. reported its financial results for the first quarter ended March 31, 2026. Revenue for the quarter was $13.0 million, a decrease from $14.6 million in the same period of 2025. Gross profit was $3.3 million, slightly down from $3.4 million in the prior year. The gross margin improved to 26% from 23%. Net loss for the quarter was approximately $0.8 million, compared to a net income of approximately $0.08 million in 2025.
Key Highlights
- 1
Solésence's first quarter revenue was $13.0 million, compared to $14.6 million for the same period in 2025.
- 2
The company's gross profit in the first quarter was $3.3 million, compared to $3.4 million for the same period in 2025.
- 3
Gross margin in the first quarter was 26%, compared to 23% for the same period in 2025.
- 4
Net loss for the first quarter was approximately $0.8 million, compared to net income of approximately $0.08 million for the same period in 2025.
- 5
The company is advancing the implementation of the Transform and Transcend strategic initiative across Operational Excellence and New Technology Commercialization.
Management Comments
Kevin Cureton
In March, we introduced Transform and Transcend to our investor community, the strategic initiative that we began at the end of 2025. Our first quarter results reflect our disciplined execution on this initiative, particularly on our first and foundational pillar, operational excellence. Combined with steady early progress in our efforts to further leverage our intellectual property, expand our addressable market, and evolve our service model to capture greater share of the value chain, Solésence is well positioned to drive long-term, sustainable profitability and growth.
Laura Riffner
In the first quarter, Solésence’s investments focused on its operational infrastructure, including employee training and organizational restructuring which created near-term pressure on profitability but also resulted in improved efficiency and reduced labor costs across the business. We expect this will position us for improved operational and financial results as we move through the year.
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