---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003227"
form_type: "8-K"
ticker: "SLSN"
cik: "0000883107"
company_name: "SOLESENCE, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:27:50.986348+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nanophase posts record Q1 revenue of $9.5M, up 16% YoY; gross margin improves 4%

## Summary
- Q1 2023 revenue $9.5M vs $8.2M in Q1 2022, a 16% increase.
- Gross margin improved 4% quarter-over-quarter, with 2% from labor savings.
- March achieved lowest labor cost as a percent of sales since 2021.
- Combined $20M in open P.O.s and shipped orders; two-thirds expected as Q2 volume.
- Company expects to deliver quarterly profits going forward leading to profitable 2023.

## SEC filing metadata
- accession: 0001171843-23-003227
- form_type: 8-K
- ticker: SLSN
- cik: 0000883107
- company_name: SOLESENCE, INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883107/000117184323003227/0001171843-23-003227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883107/000117184323003227/f8k_051123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003227
- JSON: https://secwatch.observer/filing/0001171843-23-003227.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003227.txt

## Key facts
- Earnings Releases
  SOLESENCE, INC. reported the first quarter ended March 31, 2023 results: revenue $9.5 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $9.5 million
  - Result: reported results
  source text: our profitability in the near term while supporting the continued growth and success of our brand partners.” First Quarter Financial Highlights Revenue for the first quarter was $9.5 million, vs. $8.2 million for the same period in 2022, a 16% increase. On revenue, quarter over quarter gross margin was up 4%, with 2% due to labor savings. “We had a combined $20
  evidence_url: https://www.sec.gov/Archives/edgar/data/883107/000117184323003227/0001171843-23-003227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.