secwatch.observer — SEC 8-K summary
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Issuer:     SOLESENCE, INC. (SLSN)
CIK:        0000883107
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001171843-22-002230
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883107/000117184322002230/0001171843-22-002230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883107/000117184322002230/f8k_033022.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002230

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer