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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(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.)