SOLESENCE, INC. reported the first quarter ended March 31, 2026 results: revenue $13.0 million, net income Net loss for the first quarter was approximately $0.8 million.
“this will position us for improved operational and financial results as we move through the year.” First Quarter 2026 Financial Highlights Revenue for the first quarter was $13.0 million, compared to $14.6 million for the same period in 2025. Gross profit in the first quarter was $3.3 million, compared to $3.4 million for the same period in 2025. Gross margin in”
Marc James was appointed as Class II Director at SOLESENCE, INC..
“Effective April 24, 2026, the Board of Directors of the Company (the "Board") appointed Marc James to serve as a Class II Director of the Board for the remainder of the term of Class II Directors of the Board, expiring at the 2026 Annual Meeting of Shareholders of the Company.”
Earnings Releases
SOLESENCE, INC. reported the twelve months ended December 31, 2025 results: revenue $62.1 million, net income $1.8 million.
“Revenue for the twelve months ended December 31, 2025, was a record $62.1 million compared to $52.3 million, a 19% increase over the same period in 2024. Gross profit for the twelve months ended December 31, 2025, was $16.1 million compared to $16.2 million over the same period in 2024. Gross margin for the twelve months ended December 31, 2025, was 26%, compared to 31% for same period in 2024. Net income for the twelve months ended December 31, 2025, was $1.8 million compared to $4.2 million in the same period in 2024.”
Earnings Releases
SOLESENCE, INC. reported the fourth quarter ended December 31, 2025 results: revenue $12.5 million, net income approximately $0.2 million.
“Revenue for the fourth quarter was $12.5 million, compared to $12.6 million for the same period in 2024. Gross profit increased to $3.4 million in the fourth quarter, compared to $2.8 million for the same period in 2024. Gross margin in the fourth quarter was 27%, compared to 22% for the same period in 2024. Net income in the fourth quarter was approximately $0.2 million, compared to a net loss of approximately $0.6 million for the same period in 2024.”
Governance Changes
SOLESENCE, INC.: Certificate of Correction to amend company name from Solesence, Inc. to Solésence, Inc. by adding an accent over the first 'e' (effective 2025-06-03).
“On June 3, 2025, the Company filed a certificate of correction to the Amendment (the “Certificate of Correction”) with the Secretary of State of the State of Delaware to add an accent over the first “e” in the Company’s name that was inadvertently omitted from the Amendment.”
Governance Changes
SOLESENCE, INC.: Company changed its name from Nanophase Technologies Corporation to Solesence, Inc (effective 2025-03-10).
“On March 10, 2025, Nanophase Technologies Corporation (the “Company”) filed a Certificate of Amendment to the Company’s Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to change the Company’s name to “Solesence, Inc.””
Earnings Releases
SOLESENCE, INC. reported the first quarter ended March 31, 2024 results: revenue $9.9 million, net income $0.9 million.
“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”
Material Agreements
SOLESENCE, INC. entered into Binding Memorandum of Understanding with BASF Corporation valued at Binding Memorandum of Understanding regarding Nanophase developing modified zinc oxide product for B (effective 2024-04-10).
“on April 10, 2024, Nanophase Technologies Corporation (“Nanophase”) and BASF Corporation (“BASF”) entered into an Amendment No. 5 (the “Amendment”) to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended (the “Agreement”), and a Binding Memorandum of Understanding regarding Nanophase using its commercially reasonable efforts to develop a modified zinc oxide product for BASF’s exclusive purchase under the Agreement (the “Modified Product MOU”).”
Material Agreements
SOLESENCE, INC. amended Amendment No. 5 to Zinc Oxide Supply Agreement with BASF Corporation valued at Amendment No. 5 to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended, and Bind (effective 2024-04-10).
“on April 10, 2024, Nanophase Technologies Corporation (“Nanophase”) and BASF Corporation (“BASF”) entered into an Amendment No. 5 (the “Amendment”) to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended (the “Agreement”), and a Binding Memorandum of Understanding regarding Nanophase using its commercially reasonable efforts to develop a modified zinc oxide product for BASF’s exclusive purchase under the Agreement (the “Modified Product MOU”).”
Earnings Releases
SOLESENCE, INC. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $8 million, net income $2.1 million.
“(PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Nanophase Reports Fourth Quarter and Year End 2023 Results, New Financing Package — Delivered $37.3 million in full year revenue — Closed on $6 million financing — Won 2024 Cosmetics and Toiletries Allē Award Finished Formula Prestige Category ROMEOVILLE, Ill., March 20, 2024 (GLOBE”
Earnings Releases
SOLESENCE, INC. reported financial results for the fiscal quarter and year ended December 31, 2023.
“On March 5, 2024, the Company issued a press release announcing certain financial and operational results for the fiscal quarter and year ended December 31, 2023.”
Material Agreements
SOLESENCE, INC. amended Second Amendment to Business Loan Agreement (Revolving Loan) with Beachcorp, LLC valued at Extended maturity from March 31, 2025 to October 1, 2025 (effective 2024-03-01).
“mendment”) with Beachcorp, LLC, which is also an affiliate of our controlling shareholder, Bradford T. Whitmore (“Beachcorp”),”
Material Agreements
SOLESENCE, INC. amended Second Amendment to Business Loan Agreement (A&R Loan) with Beachcorp, LLC valued at Extended maturity from March 31, 2025 to October 1, 2025 (effective 2024-03-01).
“mendment”) with Beachcorp, LLC, which is also an affiliate of our controlling shareholder, Bradford T. Whitmore (“Beachcorp”),”
Material Agreements
SOLESENCE, INC. amended Second Amendment to Business Loan Agreement (Term Loan) with Strandler, LLC valued at Extended maturity from March 31, 2025 to October 1, 2025 (effective 2024-03-01).
“the Company also entered into (i) a Second Amendment to Business Loan Agreement (the “Term Loan Agreement Amendment”) with Strandler, LLC”
Material Agreements
SOLESENCE, INC. entered into Securities Purchase Agreement with Strandler, LLC valued at $6,000,000 (effective 2024-03-01).
“On March 1, 2024, Nanophase Technologies Corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”), between the Company and Strandler, LLC (“Strandler”).”
Earnings Releases
SOLESENCE, INC. reported second quarter ended June 30, 2023 results: revenue $11.9 million.
“Revenue for Q2 was $11.9 million, vs. $11.2 million for the same period in 2022, yielding a 10% increase in product revenue and a 6% increase overall.”
Mark E. Miller was appointed as Director at SOLESENCE, INC..
“On July 19, 2023, Mr. Mark E. Miller was appointed as a member of the Board of Directors (the “Board”) of Nanophase Technologies Corporation (the “Company”).”
Earnings Releases
SOLESENCE, INC. reported the first quarter ended March 31, 2023 results: revenue $9.5 million.
“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”
Debt Financings
SOLESENCE, INC. incurred loan of $1,750,000 with Beachcorp, LLC at prime rate plus 0.75% maturing September 30, 2023.
“On May 1, 2023, to advance funds used for work on its Bolingbrook facility which are expected to be reimbursed by its landlord, Nanophase Technologies Corporation (the “Company”) entered into another promissory note (the “Note”) in favor of Beachcorp, LLC in the amount of $1,750,000 with an interest rate of the prime rate plus 0.75%”
Material Agreements
SOLESENCE, INC. entered into Promissory Note with Beachcorp, LLC valued at $1,750,000 with interest rate of prime rate plus 0.75% (effective 2023-05-01).
“On May 1, 2023, to advance funds used for work on its Bolingbrook facility which are expected to be reimbursed by its landlord, Nanophase Technologies Corporation (the “Company”) entered into another promissory note (the “Note”) in favor of Beachcorp, LLC in the amount of $1,750,000 with an interest rate of the prime rate plus 0.75%.”
Earnings Releases
SOLESENCE, INC. reported Third Quarter results: revenue $9.7 million, net income loss amounting to $0.75M.
“Third Quarter Revenue for the third quarter was $9.7 million, vs. $7.9 million for the same period in 2021, a 22% increase over record revenue.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.