Nanophase posts record FY2021 revenue $29.5M, up 70% YoY; Q4 net loss $0.4M

SOLESENCE, INC.

2022-Q1 EPS reported $0.00 revenue$8,156,000

FY2021 revenue $29.5M (70% YoY growth); net income $2.3M ($0.05/sh) vs $1.0M ($0.03) in 2020.
Solésence revenue $18.2M (+170%); API revenue $7.7M (+40%); Advanced Materials $3.6M (-27%).
Q4 2021 revenue $7.4M (+50% YoY); net loss $0.4M vs net income $0.2M in Q4 2020.
Backlog of $33M in shipped/open purchase orders for 2022; Q1 2022 revenue expected above $7M.
Leased 260,000 sq ft facility; added over two dozen team members; TGA GMP clearance for Australia.

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