SOLESENCE, INC. (SLSN)
Solesence, Inc., formerly known as Nanophase Technologies Corporation, specializes in the development and production of clean-label, inclusive, and mineral-based skincare and cosmetic products. The company collaborates with a diverse range of partners, from major global corporations to independent brands, employing its unique Active Stress Defense™ technology suite. Through this proprietary system, Solesence brings innovative beauty solutions to the market that provide effective environmental protection.
Sector: Perfumes, Cosmetics & Other Toilet Preparations
Industry: Household & Personal Products
Solesence, Inc. Common Stock
-1.96%$1.00
After Hours+0.00%$1.00
AH+0.00%$1.00
NASDAQ:SLSNConsumer Defensive
Mkt Cap$70.65M
Float18.33M
O/S70.65M
Inst Own4.5%
SI2.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$62.06M
Net Income$1.79M
Total Assets$50.05M
Free Cash Flow-$10.71M
Debt & Equity
Debt 63%
Equity 37%
Total Debt$22.7M
Total Equity$13.15M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SLSN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$46.44M
Liabilities$33.28M
Accounts Receivable$9.35M
Accounts Payable$4.97M
Inventory$12.96M
PP&E (Net)$6.34M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $62.06M | $52.35M | $37.3M | $37.32M | $29.48M |
| YoY Growth | 1856.3% | 4035.2% | -5.4% | 2660.6% | - |
| Cost of Revenue | $46.04M | $36.16M | $29.47M | $28.96M | $20.79M |
| Gross Profit | $16.03M | $16.19M | $7.83M | $8.36M | $8.69M |
| Gross Margin | 2582.3% | 3092.4% | 2098.0% | 2240.3% | 2948.3% |
| Research and Development | $4.08M | $3.84M | $3.84M | $3.04M | $2.23M |
| Selling, General, and Administrative | $10.38M | $7.22M | $7.53M | $7.58M | $3.9M |
| Other | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $14.46M | $11.06M | $11.37M | $10.62M | $6.13M |
| Operating Income (EBIT) | $1.57M | $5.13M | -$3.55M | -$2.26M | $2.56M |
| Operating Margin | 253.3% | 980.4% | -950.7% | -605.1% | 868.2% |
| Interest Expense | $931K | $670K | $838K | $382K | $1.15M |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $291K | -$670K | -$838K | -$382K | -$202K |
| Income Before Tax (EBT) | $1.86M | $4.46M | -$4.38M | -$2.64M | $2.36M |
| Income Tax Expense | $73K | $227K | $6K | -$17K | $37K |
| Net Income | $1.79M | $4.24M | -$4.39M | -$2.62M | $2.32M |
| Net Income Margin | 288.4% | 809.0% | -1177.0% | -702.9% | 787.1% |
| Supplementary Data | |||||
| EPS | 0.03 | 0.07 | -0.09 | -0.05 | 0.05 |
| Diluted EPS | 0.02 | 0.07 | -0.09 | -0.05 | 0.05 |
| Weighted Average OS | 70.34M | 62.35M | 49.56M | 49.12M | 45.02M |
| EBITDA | $3.69M | $6.06M | -$2.8M | -$1.69M | $3.96M |
| EBITDA Margin | 594.7% | 1157.7% | -751.8% | -453.1% | 1345.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $1.29M | $1.41M | $1.72M | $2.19M | $657K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.29M | $1.41M | $1.72M | $2.19M | $657K |
| Accounts Receivable | $6.84M | $4.87M | $3.47M | $4.73M | $3.94M |
| Inventory | $18.51M | $20.27M | $10.03M | $8.84M | $6.09M |
| Other Current Assets | $2.14M | $2.8M | $1.08M | $866K | $0 |
| Total Current Assets | $28.78M | $29.35M | $16.3M | $16.63M | $11.6M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $6.91M | $20.65M | $16.57M | $16.93M | $16.79M |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $14.37M | $3K | $4K | $6K | $8K |
| Total Long-Term Assets | $21.28M | $20.65M | $16.58M | $16.93M | $16.8M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $50.05M | $50M | $32.88M | $33.56M | $28.39M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $4.39M | $10.69M | $6.39M | $6.77M | $3.89M |
| Short-Term Debt | $4.77M | $5M | $4.81M | $4.28M | $1.35M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $930K | $5.57M | $2.35M | $2.23M | $905K |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $13.93M | $25.77M | $15.59M | $13.84M | $7.34M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $10.5M | $0 | $6M | $4M | $1M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $21K | $661K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $194K | $246K | $238K | $230K | $222K |
| Total Long-Term Liabilities | $18.49M | $9.28M | $15.39M | $14.07M | $13.59M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $32.42M | $35.06M | $30.98M | $27.91M | $20.93M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $706K | $700K | $496K | $493K | $489K |
| Retained Earnings | -$98.64M | -$100.43M | -$104.66M | -$100.07M | -$97.45M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $115.57M | $114.67M | $106.07M | $105.23M | $104.42M |
| Total Equity | $17.63M | $14.95M | $1.9M | $5.65M | $7.46M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $50.05M | $50M | $32.88M | $33.56M | $28.39M |
| Supplementary Data | |||||
| Total Debt | $24.32M | $15.3M | $21.26M | $18.11M | $14.75M |
| Net Debt | $23.03M | $13.89M | $19.54M | $15.92M | $14.09M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | $1.79M | $4.24M | -$4.39M | -$2.62M | $2.32M |
| Depreciation & Amortization | $897K | $928K | $742K | $567K | $454K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $575K | $725K | $773K | $625K | $160K |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$1.97M | -$1.4M | $1.06M | -$797K | -$1M |
| Inventory | $1.76M | -$10.24M | -$1.19M | -$2.74M | -$1.75M |
| Accounts Payable | -$5.38M | $2.4M | -$503K | $0 | $1.03M |
| Other Working Capital | -$6.24M | $5.32M | $1.5M | $752K | $1.17M |
| Total Working Capital Change | -$11.83M | -$3.92M | $869K | -$2.79M | -$564K |
| Other Non-Cash Items | $0 | $0 | $0 | $2.57M | -$49K |
| Net Cash from Operating | -$8.57M | $1.97M | -$2.01M | -$1.65M | $2.32M |
| Investing Activities | |||||
| Capital Expenditures | -$2.14M | -$4.56M | -$1.05M | -$2.82M | -$1.87M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$2.14M | -$4.56M | -$1.05M | -$2.82M | -$1.87M |
| Financing Activities | |||||
| Debt Repaid | -$5.5M | $3M | -$3.99M | -$35.41M | -$323K |
| Common Stock Issuance | $323K | $0 | $0 | $182K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $2.08M | $73K | $0 | $234K |
| Net Cash from Financing | $10.59M | $2.27M | $2.59M | $6M | -$747K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$121K | -$313K | -$464K | $1.53M | -$300K |
| Supplementary Data | |||||
| Operating Cash Flow | -$8.57M | $1.97M | -$2.01M | -$1.65M | $2.32M |
| Capital Expenditure | -$2.14M | -$4.56M | -$1.05M | -$2.82M | -$1.87M |
| Free Cash Flow | -$10.71M | -$2.59M | -$3.06M | -$4.47M | $447K |
| Cash at Beginning | $1.41M | $1.72M | $2.19M | $657K | $957K |
| Cash at End | $1.29M | $1.41M | $1.72M | $2.19M | $657K |