Solesence Q2 Revenue Drops 24.7%, Net Loss $0.16M

Solesence, Inc. reported a second-quarter 2026 revenue of about $15.3 million, down from $20.4 million a year earlier, and a net loss of roughly $0.16 million as margins slipped to about 31%. The company also posted an adjusted EBITDA of approximately $0.52 million, highlighting a shift from profitability to a small annual loss as it transitions through its Transform and Transcend strategy. Management attributed the revenue decline to a one-time boost in the prior year from a major product launch and inventory pipeline fills, while emphasizing ongoing operational discipline and efficiency initiatives. Solésence completed an evaluation of historical inventory costing methodologies and filed its Form 10-Q for the quarter, signaling progress in governance and reporting controls. The CEO reiterated focus on leveraging intellectual property to enter high-growth markets and expanding co-marketing initiatives to sustain long-term value creation, with a conference call held to discuss results and strategy. Solésence also disclosed that it continues to work on cost controls and strategic execution as it navigates a challenging top-line environment.