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GlobeNewswire·

Solésence Reports First Quarter 2026 Financial Results

  • Solésence, Inc. reported first-quarter 2026 financial results on May 12, 2026, highlighting progress in its Transform & Transcend strategic initiative.
  • Q1 2026 revenue decreased to $13.0 million from $14.6 million in the same period of 2025.
  • Gross margin improved to 26% in Q1 2026 compared to 23% in Q1 2025, driven by operational excellence efforts.
  • Net loss for the quarter was approximately $0.8 million, a shift from a net income of $0.08 million in the prior-year period.
  • The company expanded over-the-counter claims by commercializing WHSPR™ and Chromalüm™ platform technologies.
  • Marc James was appointed as a new independent director to the board.
  • CEO Kevin Cureton noted that operational restructuring created near-term profitability pressure but reduced labor costs.
  • CFO Laura Riffner stated that investments in employee training & organizational restructuring aim to position the company for future financial improvements.
  • The company will host a conference call on May 12, 2026, at 7:30 a.m. CT to discuss results & provide updates.
  • Cash balances at March 31, 2026, stood at $573,000, down from $1,288,000 at the end of 2025.
  • Adjusted EBITDA for the quarter was a loss of $107,000, compared to an adjusted EBITDA of $609,000 in Q1 2025.