Overview

* Solesence ( SLSN ) Q3 revenue fell to $14.5 mln from $16.9 mln in 2024

* Company reports Q3 net loss of $1.1 mln, down from net income of $3.0 mln

* Gross margin declined to 23% from 36% in Q3 2024

Outlook

* Company did not provide specific financial guidance for future quarters or years

Result Drivers

* OPERATIONAL EFFICIENCIES - Solesence ( SLSN ) consolidated manufacturing facilities and improved automation to enhance operational efficiency

* STRATEGIC TRANSFORMATION - Solesence ( SLSN ) implemented strategic initiatives to drive improvements in innovation, product quality, and operational efficiency

* LEADERSHIP CHANGES - Solesence ( SLSN ) appointed new executives to drive strategic planning and operational improvements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $14.50

Revenue mln

Q3 EPS -$0.02

Q3 Net -$1.12

Income mln

Q3 Gross $3.37

Profit mln

Q3 -$781,00

Income 0

From

Operatio

ns

Press Release:

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(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.)