Solésence Guides to Record Second Half with $35M Revenue Projection

summarizeSummary

Solésence reported Q2 2026 revenue of $15.3 million (down 25% YoY) and a net loss of $158,000, but guided to a record second half with approximately $35 million in revenue and full-year outperformance versus 2025.

check_boxKey Events · Earnings and Guidance · SLSN

• Q2 Revenue Declines 25%

  Second-quarter revenue was $15.3 million, down from $20.4 million in Q2 2025, driven by a one-time product launch and pipeline fill in the prior-year period.

• Net Loss of $158K

  Q2 2026 net loss was $158,000, compared to net income of $3.2 million in Q2 2025. Adjusted EBITDA was $523,000 versus $3.7 million a year ago.

• Record Second-Half Guidance

  Management projects second-half 2026 revenue of approximately $35 million, the strongest in company history, and expects full-year revenue to outperform 2025.

• Order Backlog Supports Outlook

  As of August 17, 2026, shipped and on-hand orders totaled $64.9 million, up from $60.0 million in the same period in 2025.

auto_awesomeAnalysis · SLSN · Industrial Applications And Services

Solésence's Q2 2026 results show a 25% revenue decline and a swing to a net loss, but management provided concrete forward guidance: full-year revenue is expected to outperform 2025, with $64.9 million in shipped and on-hand orders as of August 17, and second-half revenue projected at approximately $35 million — the strongest in company history. The company also expects Q3 to show sequential improvement in revenue and profitability. This guidance, combined with the ongoing inventory costing restatement and material weakness disclosure, gives investors a clearer picture of near-term momentum despite the accounting issues.