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Solésence reports Q1 2026 results with improved gross margin but a net loss of $0.8M amid strategic transformation efforts.

Company Fundamentals
12 May 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

Solésence, Inc. announced its financial results for Q1 2026, reporting revenue of $13.0 million, slightly down from $14.6 million in Q1 2025. The company improved its gross margin to 26% from 23% last year, reflecting progress in its Transform and Transcend strategic initiative focused on operational excellence and new technology commercialization. Despite these gains, Solésence posted a net loss of approximately $0.8 million, compared to a small net income in the previous year, due to investments in operational infrastructure and organizational changes. The company remains optimistic about long-term growth and profitability as it continues to leverage intellectual property and expand its market reach.

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