GlobeNewswire·Aug 19, 2026, 5:05 PM ET

Solésence Reports Second Quarter 2026 Financial Results

SLSN

Solésence, Inc. (NASDAQ: SLSN) reported financial results for the second quarter ended June 30, 2026.
Second-quarter revenue was $15.3 million, down from $20.4 million in the same period of 2025 due to the absence of a one-time product launch boost in the current year.
Gross profit for the quarter was $4.7 million compared to $6.4 million in the prior-year period.
Gross margin decreased to 31% from 32% in the second quarter of 2025.
The company reported a net loss of $158,000 for the quarter, contrasting with a net income of $3.2 million in the prior-year period.
CEO Kevin Cureton stated the business focused on operational execution, financial discipline, \& the implementation of the Transform \& Transcend strategy.
The company completed its evaluation of historical inventory costing allocation methodologies after previously filing a Form NT 10-Q.
The Quarterly Report on Form 10-Q has been filed with the SEC \& is available on the SEC website \& the company's investor relations portal.
A conference call to discuss results was scheduled for August 19, 2026, at 5:00 p.m. ET featuring CEO Kevin Cureton \& CFO Laura Riffner.
As of June 30, 2026, total assets stood at $46.4 million, while total liabilities were $33.3 million, resulting in stockholders' equity of $13.2 million.
Accounts receivable increased to $9.3 million from $6.8 million at the end of 2025, while inventories decreased to $13.0 million from $15.0 million.
Adjusted EBITDA for the second quarter was $523,000, down from $3.7 million in the same period of 2025.
The company highlighted risks including dependence on key customers, uncertain demand for products, \& potential regulatory compliance costs.