NASDAQ : SLSN
Solesence, Inc. — Financial statements
Consumer Staples · Household & Personal Products · United States
Last price 0.8342 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 58.93M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Solesence, Inc. (SLSN) reported revenue of 55.37M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 55.16M | 61.79M | 51.89M | 36.64M | 36.73M | 29.32M |
| Other Revenue | 207.00K | 270.00K | 457.00K | 656.00K | 586.00K | 150.00K |
| Revenue | 55.37M | 62.06M | 52.35M | 37.30M | 37.32M | 29.48M |
| Cost of Revenue | 41.51M | 46.00M | 36.16M | 29.47M | 28.96M | 20.79M |
| Gross Profit | 13.86M | 16.06M | 16.19M | 7.83M | 8.36M | 8.69M |
| Selling, General & Admin | 11.76M | 10.40M | 7.22M | 7.53M | 7.58M | 3.90M |
| Research & Development | 4.11M | 4.09M | 3.84M | 3.84M | 3.04M | 2.23M |
| Operating Expenses | 15.87M | 14.49M | 11.06M | 11.37M | 10.62M | 6.13M |
| Operating Income | -2.00M | 1.57M | 5.13M | -3.55M | -2.26M | 2.56M |
| Interest Expense | -1.41M | -1.12M | -670.00K | -838.00K | -382.00K | -1.15M |
| Interest & Investment Income | 194.00K | 194.00K | ||||
| Other Non Operating Income (Expenses) | -1.24M | -12.00K | 952.00K | |||
| EBT Excluding Unusual Items | -4.46M | 629.00K | 4.46M | -4.38M | -2.64M | 2.36M |
| Other Unusual Items | 1.23M | 1.23M | ||||
| Pretax Income | -3.22M | 1.86M | 4.46M | -4.38M | -2.64M | 2.36M |
| Income Tax Expense | -317.00K | 73.00K | 227.00K | 6.00K | -17.00K | 37.00K |
| Net Income | -2.91M | 1.79M | 4.24M | -4.39M | -2.62M | 2.32M |
| Net Income to Common | -2.91M | 1.79M | 4.24M | -4.39M | -2.62M | 2.32M |
| Shares Outstanding (Basic) | 70.58M | 70.34M | 62.35M | 49.56M | 49.12M | 45.02M |
| Shares Outstanding (Diluted) | 70.58M | 72.58M | 65.03M | 49.56M | 49.12M | 47.04M |
| EPS (Basic) | -0.04 | 0.03 | 0.07 | -0.09 | -0.05 | 0.05 |
| EPS (Diluted) | -0.05 | 0.02 | 0.07 | -0.09 | -0.05 | 0.05 |
| Free Cash Flow | -849.00K | -10.71M | -2.59M | -3.06M | -4.47M | 447.00K |
| Free Cash Flow Per Share | -0.01 | -0.15 | -0.04 | -0.06 | -0.09 | 0.01 |
| Gross Margin | 25.04% | 25.88% | 30.92% | 20.98% | 22.40% | 29.48% |
| Operating Margin | -3.62% | 2.53% | 9.80% | -9.51% | -6.05% | 8.68% |
| Profit Margin | -5.25% | 2.88% | 8.09% | -11.77% | -7.03% | 7.87% |
| Free Cash Flow Margin | -1.53% | -17.26% | -4.94% | -8.20% | -11.99% | 1.52% |
| EBITDA | -921.00K | 2.47M | 6.06M | -2.80M | -1.69M | 3.01M |
| EBITDA Margin | -1.66% | 3.98% | 11.58% | -7.52% | -4.53% | 10.22% |
| D&A For EBITDA | 1.08M | 897.00K | 928.00K | 742.00K | 567.00K | 454.00K |
| EBIT | -2.00M | 1.57M | 5.13M | -3.55M | -2.26M | 2.56M |
| EBIT Margin | -3.62% | 2.53% | 9.80% | -9.51% | -6.05% | 8.68% |
| Effective Tax Rate | 3.92% | 5.09% | 1.57% | |||
| Revenue as Reported | 55.37M | 62.06M | 52.35M | 37.30M | 37.32M | 29.48M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.05M | 1.29M | 1.41M | 1.72M | 2.19M | 657.00K |
| Cash & Short-Term Investments | 1.05M | 1.29M | 1.41M | 1.72M | 2.19M | 657.00K |
| Receivables | 9.35M | 6.84M | 4.87M | 3.47M | 4.73M | 3.94M |
| Inventory | 12.96M | 18.51M | 20.27M | 10.03M | 8.84M | 6.09M |
| Prepaid Expenses | 1.92M | 2.14M | 2.80M | 1.08M | 866.00K | 910.00K |
| Total Current Assets | 25.27M | 28.78M | 29.35M | 16.30M | 16.62M | 11.60M |
| Property, Plant & Equipment | 21.13M | 21.24M | 20.65M | 16.57M | 16.93M | 16.79M |
| Other Long-Term Assets | 36.00K | 37.00K | 3.00K | 4.00K | 6.00K | 8.00K |
| Total Assets | 46.44M | 50.05M | 50.00M | 32.88M | 33.56M | 28.39M |
| Accounts Payable | 4.97M | 4.10M | 9.09M | 6.26M | 6.36M | 3.57M |
| Accrued Expenses | 3.48M | 2.88M | 4.85M | 869.00K | 962.00K | 824.00K |
| Short-Term Debt | 3.79M | 4.77M | 2.81M | 4.28M | 1.35M | |
| Current Portion of Long-Term Debt | 10.50M | 5.00M | 2.00M | |||
| Current Portion of Leases | 1.34M | 1.25M | 1.26M | 1.30M | 694.00K | |
| Current Unearned Revenue | 1.94M | 930.00K | 5.57M | 2.35M | 2.17M | 783.00K |
| Other Current Liabilities | 61.00K | 122.00K | ||||
| Total Current Liabilities | 26.01M | 13.93M | 25.77M | 15.59M | 13.84M | 7.34M |
| Long-Term Debt | 10.50M | 6.00M | 4.00M | 1.00M | ||
| Long-Term Leases | 7.07M | 7.80M | 9.04M | 9.15M | 9.82M | 11.71M |
| Long-Term Unearned Revenue | 21.00K | 661.00K | ||||
| Other Long-Term Liabilities | 200.00K | 194.00K | 246.00K | 238.00K | 230.00K | 222.00K |
| Total Liabilities | 33.28M | 32.42M | 35.06M | 30.98M | 27.91M | 20.93M |
| Common Stock | 706.00K | 706.00K | 700.00K | 496.00K | 493.00K | 489.00K |
| Additional Paid-In Capital | 115.75M | 115.57M | 114.67M | 106.07M | 105.23M | 104.42M |
| Retained Earnings | -103.31M | -98.64M | -100.43M | -104.66M | -100.07M | -97.45M |
| Shareholders' Equity | 13.15M | 17.63M | 14.95M | 1.90M | 5.65M | 7.46M |
| Total Liabilities & Equity | 46.44M | 50.05M | 50.00M | 32.88M | 33.56M | 28.39M |
| Total Debt | 22.70M | 24.32M | 15.30M | 21.26M | 18.11M | 14.75M |
| Net Cash (Debt) | -21.65M | -23.03M | -13.89M | -19.54M | -15.92M | -14.09M |
| Net Cash Per Share | -0.31 | -0.32 | -0.21 | -0.39 | -0.32 | -0.30 |
| Filing Date Shares Outstanding | 70.65M | 70.63M | 70.10M | 54.80M | 49.51M | 48.89M |
| Total Common Shares Outstanding | 70.65M | 70.61M | 70.10M | 49.63M | 49.32M | 48.89M |
| Working Capital | -743.00K | 14.85M | 3.58M | 713.00K | 2.79M | 4.26M |
| Book Value Per Share | 0.19 | 0.25 | 0.21 | 0.04 | 0.11 | 0.15 |
| Tangible Book Value | 13.15M | 17.63M | 14.95M | 1.90M | 5.65M | 7.46M |
| Tangible Book Value Per Share | 0.19 | 0.25 | 0.21 | 0.04 | 0.11 | 0.15 |
| Machinery | 31.84M | 24.69M | 24.48M | 21.02M | 19.36M | |
| Construction In Progress | 880.00K | 5.71M | 931.00K | 2.95M | 1.06M | |
| Leasehold Improvements | 5.31M | 5.15M | 5.16M | 5.14M | 4.90M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.91M | 1.79M | 4.24M | -4.39M | -2.62M | 2.32M |
| Depreciation & Amortization | 1.08M | 897.00K | 928.00K | 742.00K | 567.00K | 454.00K |
| Other Amortization | 903.00K | |||||
| Stock-Based Compensation | 490.00K | 575.00K | 725.00K | 773.00K | 625.00K | 160.00K |
| Other Operating Activities | -952.00K | |||||
| Change in Accounts Receivable | 1.70M | -1.97M | -1.40M | 1.06M | -797.00K | -1.00M |
| Change in Inventory | 4.16M | 1.76M | -10.24M | -1.19M | -2.74M | -1.75M |
| Change in Accounts Payable | -2.41M | -5.38M | 2.40M | -503.00K | 1.83M | 1.03M |
| Change in Unearned Revenue | -232.00K | -4.64M | 3.22M | 165.00K | 744.00K | 1.03M |
| Change in Other Net Operating Assets | -869.00K | -1.60M | 2.10M | 1.33M | 752.00K | 137.00K |
| Operating Cash Flow | 1.02M | -8.57M | 1.97M | -2.01M | -1.65M | 2.32M |
| Capital Expenditures | -1.86M | -2.14M | -4.56M | -1.05M | -2.82M | -1.87M |
| Investing Cash Flow | -1.86M | -2.14M | -4.56M | -1.05M | -2.82M | -1.87M |
| Short-Term Debt Issued | 10.27M | 200.00K | 2.00M | 5.93M | 25.25M | |
| Long-Term Debt Issued | 3.34M | 500.00K | ||||
| Total Debt Issued | -1.33M | 10.27M | 200.00K | 5.34M | 5.93M | 25.75M |
| Short-Term Debt Repaid | -4.01M | -1.47M | -26.55M | |||
| Long-Term Debt Repaid | -2.00M | -1.35M | -111.00K | -177.00K | ||
| Total Debt Repaid | -980.00K | -6.01M | -2.82M | -111.00K | -26.73M | |
| Net Debt Issued (Repaid) | -2.31M | 10.27M | -5.81M | 2.52M | 5.82M | -981.00K |
| Issuance of Common Stock | 100.00K | 323.00K | 2.08M | 73.00K | 182.00K | 234.00K |
| Financing Cash Flow | -2.21M | 10.59M | 2.27M | 2.59M | 6.00M | -747.00K |
| Net Cash Flow | -3.06M | -121.00K | -313.00K | -464.00K | 1.53M | -300.00K |
| Free Cash Flow | -849.00K | -10.71M | -2.59M | -3.06M | -4.47M | 447.00K |
| Free Cash Flow Margin | -1.53% | -17.26% | -4.94% | -8.20% | -11.99% | 1.52% |
| Free Cash Flow Per Share | -0.01 | -0.15 | -0.04 | -0.06 | -0.09 | 0.01 |
| Levered Free Cash Flow | 3.19M | -11.55M | -3.44M | -2.49M | -2.52M | -268.88K |
| Unlevered Free Cash Flow | 4.07M | -10.84M | -3.03M | -1.96M | -2.28M | -450.62K |
| Cash Interest Paid | 1.12M | 1.02M | 637.00K | 752.00K | 333.00K | 218.00K |
| Cash Income Tax Paid | 325.00K | |||||
| Change in Working Capital | 2.35M | -11.83M | -3.92M | 869.00K | -219.00K | -564.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 60.47M | 112.51M | 170.75M | 29.78M | 55.62M | 214.46M |
| Enterprise Value | 82.13M | 137.26M | 184.46M | 46.70M | 73.40M | 219.88M |
| Last Close Price | 0.85 | 1.59 | 2.44 | 0.60 | 1.13 | 4.40 |
| PE Ratio | 62.85 | 40.32 | 92.44 | |||
| PS Ratio | 1.16 | 1.81 | 3.26 | 0.80 | 1.49 | 7.28 |
| PB Ratio | 4.57 | 6.38 | 11.42 | 15.65 | 9.85 | 28.73 |
| P/TBV Ratio | 4.89 | 6.38 | 11.42 | 15.65 | 9.85 | 28.73 |
| P/FCF Ratio | 479.78 | |||||
| P/OCF Ratio | 63.28 | 86.63 | 92.40 | |||
| EV/Sales Ratio | 1.55 | 2.21 | 3.52 | 1.25 | 1.97 | 7.46 |
| EV/EBITDA Ratio | 55.59 | 30.44 | 72.98 | |||
| EV/EBIT Ratio | 87.32 | 35.94 | 85.92 | |||
| EV/FCF Ratio | 491.89 | |||||
| Debt / Equity Ratio | 1.73 | 1.38 | 1.02 | 11.18 | 3.21 | 1.98 |
| Debt / EBITDA Ratio | 7.08 | 4.03 | 1.80 | 50.01 | 3.93 | |
| Debt / FCF Ratio | 33.00 | |||||
| Net Debt / Equity Ratio | 1.65 | 1.31 | 0.93 | 10.27 | 2.82 | 1.89 |
| Net Debt / EBITDA Ratio | -23.51 | 9.33 | 2.29 | -6.97 | -9.41 | 4.68 |
| Net Debt / FCF Ratio | -25.50 | -2.15 | -5.37 | -6.39 | -3.56 | 31.53 |
| Asset Turnover | 1.04 | 1.24 | 1.26 | 1.12 | 1.21 | 1.41 |
| Inventory Turnover | 2.53 | 2.37 | 2.39 | 3.12 | 3.88 | 3.98 |
| Quick Ratio | 0.40 | 0.58 | 0.24 | 0.33 | 0.50 | 0.63 |
| Current Ratio | 0.97 | 2.07 | 1.14 | 1.05 | 1.20 | 1.58 |
| Return on Equity (ROE) | -18.55% | 10.99% | 50.27% | -116.28% | -40.00% | 45.50% |
| Return on Assets (ROA) | -2.35% | 1.96% | 7.74% | -6.67% | -4.56% | 7.63% |
| Return on Invested Capital (ROIC) | -5.45% | 4.35% | 19.38% | -16.49% | -10.47% | 16.30% |
| Return on Capital Employed (ROCE) | -9.80% | 4.40% | 21.20% | -20.50% | -11.40% | 12.20% |
| Earnings Yield | -5.93% | 1.59% | 2.48% | -14.74% | -4.72% | 1.08% |
| FCF Yield | -1.32% | -9.52% | -1.52% | -10.27% | -8.04% | 0.21% |
| Buyback Yield / Dilution | 3.24% | -11.61% | -31.22% | -0.89% | -4.42% | -22.04% |