Earnings Releases·Nov 12, 2026, 4:06 PM ET

Solésence — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $20.2 million, a 38% year-over-year increase, while gross margin expanded to 39.3% from 23.8% and net income turned positive at $3.7 million versus a $1.0 million loss in the prior year period.
Adjusted EBITDA for the quarter improved to $4.3 million from a $0.3 million loss, and total debt decreased significantly to $8.33 million from $15.27 million as of year-end 2025.
Management highlighted the completion of the "operational excellence" pillar as a turning point, positioning the company for 2027 growth despite nine-month net revenue declining slightly to $48.5 million from $49.6 million.
Key balance sheet shifts include a reduction in inventories to $11.59 million and a rise in deferred revenue to $2.15 million, though cash on hand decreased marginally to $1.27 million.