---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002152"
form_type: "8-K"
ticker: "SLSN"
cik: "0000883107"
company_name: "SOLESENCE, INC."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:13:15.560211+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nanophase reports record Q1 revenue $9.9M, net income $0.9M vs loss, BASF litigation resolved

## Summary
- Q1 revenue $9.9M (+4% YoY); net income $0.9M vs net loss of $1.2M in Q1 2023.
- Gross margin improved to 36% from 23% YoY; Solésence product revenue contributed $8.0M.
- BASF litigation amicably resolved; company expects breakout year with $40M+ in shipped/open orders.
- Three consecutive profitable months (Jan-Mar 2024); margin expansion due to improved product mix.

## SEC filing metadata
- accession: 0001171843-24-002152
- form_type: 8-K
- ticker: SLSN
- cik: 0000883107
- company_name: SOLESENCE, INC.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883107/000117184324002152/0001171843-24-002152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883107/000117184324002152/f8k_042324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002152
- JSON: https://secwatch.observer/filing/0001171843-24-002152.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002152.txt

## Key facts
- Earnings Releases
  SOLESENCE, INC. reported the first quarter ended March 31, 2024 results: revenue $9.9 million, net income $0.9 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $9.9 million
  - Net income: $0.9 million
  - Result: reported results
  source text: herein by reference. --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Nanophase Reports Record First Quarter Results — Delivered $9.9 Million in Q1 Revenue — $0.9 Million in Profit — BASF Litigation Resolved ROMEOVILLE, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- Nanophase Technologies Corporation (OTCQB: NANX), a leader
  evidence_url: https://www.sec.gov/Archives/edgar/data/883107/000117184324002152/0001171843-24-002152-index.htm

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