Solesence, Inc. Common Stock

Solesence, Inc. reported breakeven earnings per share for the second quarter of 2026, down from 4 cents a year earlier, as revenue fell 25% to $15.3 million. The company posted a net loss of $0.2 million versus net income of $3.2 million in the prior-year period, which had benefited from a one-time product launch and inventory pipeline fill. Gross profit declined about 26% to $4.7 million, while selling, general and administrative expenses rose 22% to $3.7 million and interest expense increased to $0.3 million. Management expects third-quarter revenue and profitability to improve sequentially and projects second-half 2026 revenue of approximately $35 million, which it called potentially the strongest second half in company history. As of August 17, shipped and on-hand orders expected to ship in 2026 totaled $64.9 million, up from $60 million a year earlier.