Solesence SEC Filings

Solésence, Inc. reported Q3 2025 results with total revenue of $14,597, down from $16,866 a year ago, and a net loss of $1,120 versus prior-year income of $3,045. Gross profit was $3,370 compared with $6,102 as cost of revenue rose to $11,227. Selling, general and administrative expense increased to $3,069, reflecting higher legal, credit loss allowance, employee and NASDAQ uplisting costs.

For the nine months, revenue reached $49,581, up from $39,780, and net income was $1,627 versus $4,793. Cash was $429 at quarter end, with operating cash outflow of $10,386 and financing inflows of $11,099, including related-party credit facilities. Accounts receivable, net, increased to $9,709 and the allowance for credit losses to $1,729. Three customers represented 60% of Q3 revenue.

Other items included recognition of $1,234 from the Employee Retention Credit and $194 of related interest. A confidential settlement provides for a $675 payment to Solésence by January 15, 2026. The company also notes BASF supply agreement contingencies that could impact equipment and revenue if triggered.

Solésence, Inc. entered a settlement agreement with Solarium Brands, LLC and A-Frame Brands, LLC to resolve disputes related to previously sold consumer care products. Under the agreement, Solarium will make a one-time settlement payment of $675,000 to Solésence on or before January 15, 2026.

The agreement finalizes a commercial dispute and provides for a defined payment to Solésence. The full agreement was filed with certain confidential portions redacted.

Solesence, Inc. reported an initial Form 3 disclosing that Laura C. Riffner became Chief Financial Officer and received an option to purchase 60,000 shares of common stock on 09/03/2025. The option vests in three equal annual installments beginning 09/03/2026 and expires on 09/03/2032, with a strike price set at the NASDAQ closing price on the grant date. The filing was signed on 10/06/2025 and notes delays due to CIK availability and EDGAR Next technical issues.

Solésence, Inc. (SLSN) reported stronger revenue and higher expenses for the quarter and first half of 2025 compared with 2024. Revenue for the three months ended June 30, 2025 was $20,359 thousand versus $13,046 thousand a year earlier, and revenue for the six months was $34,984 thousand versus $22,914 thousand. Total expense for Q2 2025 was $17,692 thousand versus $12,190 thousand in Q2 2024 (six months: $32,237 thousand versus $21,167 thousand). Operating activities used $7,875 thousand in cash in the period while financing activities provided $11,849 thousand. The company amended related-party credit facilities in May 2025 to increase accounts receivable and inventory revolvers and extended maturities to April 30, 2027. Management recognized $1,234 thousand of an Employee Retention Credit and recorded a $572 thousand reserve for the excess payment as a contingent liability included in accrued expenses.