Overview

* Solesence ( SLSN ) Q2 revenue rises 56% yr/yr to $20.4 mln

* Net income for Q2 increases to $2.7 mln, aided by Employee Retention Credit

* Company expands debt facilities to support long-term growth initiatives

Result Drivers

* SHIPMENT VOLUME - Shipment volume increased 102% year-over-year, contributing to revenue growth

* PRODUCTION VOLUME - Production volume rose 127% year-over-year, supporting higher revenue

* DEBT FACILITIES - Expanded debt facilities to enhance financial flexibility for growth investments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $2.67

Income mln

Q2 $3.49

Adjusted mln

EBITDA

Q2 Basic $0.04

EPS

Q2 Gross $5.88

Profit mln

Q2 $1.91

Income mln

From

Operatio

ns

Q2 $3.06

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)