GlobeNewswire·Nov 12, 2026, 4:05 PM ET

Solésence Reports Record Third Quarter 2026 Financial Results

Solésence, Inc. reported third quarter 2026 revenue of $20.2 million, a 38% year-over-year increase from $14.6 million in the same period in 2025.
Net income for the quarter was $3.7 million, marking the highest net income in the company's history compared to a $1.0 million net loss in 2025.
Gross profit rose to $7.9 million from $3.5 million in 2025, while gross margin expanded to 39.3% from 23.8%.
President and CEO Kevin Cureton stated the company completed the primary investment phase of its operational excellence pillar to enhance capacity & efficiency.
Chief Financial Officer Laura Riffner noted that record revenue, net income, & margin expansion position Solésence for sustained growth into 2027.
The company hosted a conference call on November 12, 2026, at 4:00 p.m. CT to discuss financial results & strategic updates.
Consolidated balance sheet data shows total assets of $44.44 million as of September 30, 2026, with stockholders' equity at $16.75 million.
Nine-month revenue through September 30, 2026, totaled $48.45 million, while net income for the period was $2.48 million.
Adjusted EBITDA for the third quarter was $4.308 million, a significant improvement from a $345,000 loss in the prior year period.
Forward-looking statements in the release cite risks including customer concentration, demand uncertainty, manufacturing capacity, & potential regulatory changes.