Sunscreen maker Solesence posts Q3 net loss as revenue drops

Solesence

11/11/2025 12:08

Overview

Solesence 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 consolidated manufacturing facilities and improved automation to enhance operational efficiency

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

LEADERSHIP CHANGES - Solesence appointed new executives to drive strategic planning and operational improvements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$14.50 mln
Q3 EPS
-$0.02
Q3 Net Income
-$1.12 mln
Q3 Gross Profit
$3.37 mln
Q3 Income From Operations
-$781,000


Press Release: ID:nGNX9L1B8V

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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.)