The 25% revenue decline and swing to a net loss are significant negatives, though partly explained by a prior-year one-time boost. Monitor upcoming quarters for revenue stabilization and margin recovery; the delayed 10-Q filing adds uncertainty.
Price Chart
Executive Summary
Solésence reported Q2 2026 revenue of $15.3M, down 25% YoY from $20.4M, driven by a prior-year one-time product launch boost. Net loss was $158K vs net income of $3.2M a year ago. The company filed its delayed 10-Q and highlighted operational execution under its Transform and Transcend strategy, but the sharp revenue decline and swing to a loss are material negatives.
Key Financial Metrics
Key Facts
- Q2 2026 revenue fell 25% YoY to $15.3M from $20.4M, with prior-year period benefiting from a one-time product launch and inventory pipeline fill.
- Net loss of $158K vs net income of $3.2M in Q2 2025.
- Gross margin slipped to 31% from 32% YoY.
- Adjusted EBITDA dropped to $523K from $3.7M in the prior-year quarter.
- Company filed its delayed Form 10-Q for the period ended June 30, 2026, after a prior NT 10-Q filing.
Financial Impact
Revenue declined $5.0M (25%) YoY; net income swung from +$3.2M to -$158K; Adjusted EBITDA fell from $3.7M to $523K.
Risk Factors
- Revenue decline may persist if the prior-year product launch boost is not replaced by new growth.
- Net loss and reduced cash position ($1.05M) raise liquidity concerns; line of credit usage increased.
- Delayed 10-Q filing and historical inventory costing review could signal further accounting or operational issues.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3348014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $0.8000 | awaiting T+20 | — | $0.7700 (−3.75%) |
Aug 21, 2026 9w ago | 8-K | $0.9500 $0.8141 | ▲ +14.31% | ▲ +13.78% | $0.7700 (+18.95%) |
Aug 20, 2026 9w ago | 8-K | $0.9907 $0.8036 | ▲ +18.89% | ▲ +18.89% | $0.7700 (+22.28%) |
Aug 19, 2026 9w ago | Press Release | $0.9907 $0.8036 | ▲ +18.89% | ▲ +18.89% | $0.7700 (+22.28%) |
Aug 10, 2026 11w ago | Press Release | $1.02 | awaiting T+20 | — | $0.7700 (−24.51%) |
Jul 28, 2026 12w ago | Press Release | $0.9300 $0.9499 | ▲ +2.14% | ▼ −2.88% | $0.7700 (−17.20%) |
Jul 10, 2026 15w ago | 8-K | $0.6790 $1.04 | ▲ +52.43% | ▲ +49.25% | $0.7700 (+13.40%) |
May 12, 2026 24w ago | 8-K | $1.24 $1.12 | ▲ +9.68% | ▲ +7.95% | $0.7700 (+37.90%) |
May 12, 2026 24w ago | Press Release | $1.24 $1.12 | ▲ +9.68% | ▲ +7.95% | $0.7700 (+37.90%) |
Apr 28, 2026 25w ago | Press Release | $1.30 $1.32 | ▲ +1.54% | ▼ −4.51% | $0.7700 (−40.77%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers