Solesence Reports Record Q3 2026 Revenue and Net Income Amid Operational Improvements

Solesence (SLSN) reported record-breaking third-quarter financial results for 2026, highlighted by a 38% year-over-year revenue increase to $20.2 million. The company achieved its highest quarterly net income in history at $3.7 million, a significant turnaround from the $1.0 million loss reported in the same period last year. This growth was driven by improved manufacturing efficiencies and an expanded footprint that has scaled from 80,000 to 300,000 square feet. Operational execution saw marked improvement, with gross margins rising to 39.3% and Overall Equipment Effectiveness (OEE) increasing to 55%. While management provided strong guidance for shipped and on-hand orders—expecting at least $65 million by year-end—they cautioned that full-year EBITDA margins are expected to fall slightly below previous double-digit growth targets.

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