Nanophase withdraws 2023 profitability outlook; Q3 revenue hurt by supply chain issues

SOLESENCE, INC.

2023-Q3 EPS reported -$0.05 revenue$29,286,000

Nine-month revenue $29.3M vs $29.1M YoY; Q3 revenue down due to supply chain constraints.
No longer expects modest profitability for 2023; cites cash management focus during Q3.
Closed $3.2M financing: $2.0M bridge loan and $1.2M revolver expansion to support operations.
Solésence won BeautyMatter NEXT Award; Kleair™ nominated for Chicago Innovation and Allē Awards.
Harrison King promoted to VP of Operations; new Purchasing Manager hired in November.

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