The sharp reversal to a net loss and declining revenue is a meaningful negative for a $106M market cap company. Watch for next quarter's revenue trajectory and margin expansion from the Transform & Transcend initiative, as the company expects improved efficiency but no explicit guidance provided.
Price Chart
Executive Summary
Solsence reported Q1 2026 revenue of $13.0M, down 11.4% YoY from $14.6M, and posted a net loss of $0.8M versus a net income of $0.08M in the prior-year quarter, reversing the profitability trend from FY2025. The decline was attributed to organizational restructuring costs under the Transform & Transcend initiative, which also pressured near-term profitability. No guidance was provided, increasing uncertainty.
Key Financial Metrics
Key Facts
- Q1 2026 net revenue $12,957,000, down from $14,625,000 in Q1 2025 (11.4% decline)
- Net loss of $766,000 compared to net income of $80,000 in Q1 2025
- Gross margin improved to 26% from 23%, but gross profit fell to $3.3M from $3.4M
- Adjusted EBITDA turned negative at ($107,000) vs positive $609,000 in prior year
- Cash balance decreased to $573,000 from $1,288,000 at year-end 2025
Financial Impact
Revenue declined $1.7M (11.4% YoY), net loss of $0.8M vs prior-year profit of $0.08M; accumulated deficit increased to $99.4M
Risk Factors
- Continued revenue decline or stagnation
- Further cash burn and potential liquidity constraints (cash $573K)
- Execution risk on Transform & Transcend initiative
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-003273 |
| Document: f8k_051126.htm | 0001171843-26-003273 |
| Document: 0001171843-26-003273-index-headers.html | 0001171843-26-003273 |
| Document: 0001171843-26-003273-index.html | 0001171843-26-003273 |
| Document: 0001171843-26-003273.txt | 0001171843-26-003273 |
| 8-K Data (Synthetic) | 0001171843-26-003273 |
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
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