Solesence, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $62.1M | $52.3M | $37.3M | $37.3M | $29.5M | $17.1M | $12.5M |
| Cost of Revenue | — | $46.0M | $36.2M | $29.5M | $29.0M | $20.8M | $11.1M | $9.9M |
| Gross Profit | — | $16.1M | $16.2M | $7.8M | $8.4M | $8.7M | $6.0M | $2.6M |
| Gross Margin | — | 25.9% | 30.9% | 21.0% | 22.4% | 29.5% | 35.0% | 20.9% |
| Operating Expenses | ||||||||
| Research & Development | — | $4.1M | $3.8M | $3.8M | $3.0M | $2.2M | $1.6M | $1.9M |
| SG&A Expense | — | $10.4M | $7.2M | $7.5M | $7.6M | $3.9M | $2.9M | $3.5M |
| Operating Income | — | $1.6M | $5.1M | $-3.5M | $-2.3M | $2.6M | $1.5M | $-2.8M |
| Operating Margin | — | 2.5% | 9.8% | -9.5% | -6.1% | 8.7% | 8.7% | -22.4% |
| Interest Expense | — | — | — | $838.0K | $382.0K | $1.2M | $496.0K | $210.0K |
| Pretax Income | — | $1.9M | $4.5M | $-4.4M | $-2.6M | $2.4M | $989.0K | $-3.0M |
| Income Tax Expense | — | $73.0K | $227.0K | $6.0K | $-17.0K | $37.0K | — | — |
| Net Income | — | $1.8M | $4.2M | $-4.4M | $-2.6M | $2.3M | $989.0K | $-3.0M |
| Net Margin | — | 2.9% | 8.1% | -11.8% | -7.0% | 7.9% | 5.8% | -24.0% |
| EPS (Basic) | — | $0.03 | $0.07 | $-0.09 | $-0.05 | $0.05 | $0.03 | $-0.08 |
| EPS (Diluted) | — | $0.02 | $0.07 | $-0.09 | $-0.05 | $0.05 | $0.03 | $-0.08 |
| Shares Outstanding (Basic) | 70.6M | 70.3M | 62.4M | 49.6M | 49.1M | 45.0M | 38.2M | 36.6M |
| Shares Outstanding (Diluted) | 70.6M | 72.6M | 65.0M | 49.6M | 49.1M | 47.0M | 38.5M | 36.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |