earnings
confidence high
sentiment neutral
materiality 0.65
Solésence reports record Q1 revenue $14.6M, up 48% YoY; net income breakeven vs $0.9M profit
SOLESENCE, INC.
2025-Q1 EPS reported
$0.00
revenue$14,625,000
- Record Q1 revenue $14.6M, +48% YoY; gross margin 23% vs 36% due to one-time start-up costs.
- Shipment volume +95% YoY; production volume +120% to prepare for Q2 demand.
- Backlog of shipped and open orders exceeds $45M; new brand partner drove multi-SKU launch.
- Net income breakeven vs $0.9M profit in Q1 2024; expects margin improvement as operations scale.
- Nasdaq uplisted under SLSN; IP expanded with allowances in Japan, South Korea, Mexico.