SOLESENCE, INC. SLSN

Healthcare SIC 2844 - Perfumes, Cosmetics & Other Toilet Preparations NAICS Manufacturing › Chemical Manufacturing › Soap, Cleaning Compound, and Toilet Preparation Manufacturing derived Nasdaq

March 7, 2025, Nanophase Technologies Corporation announced its rebranding as Solésence, Inc. ("Solésence,"

"Company," "we," "our," or "us"), marking a new chapter in its commitment to skin

health innovation and consumer products across beauty, health, and wellness categories. Our corporate website has transitioned

to solesence.com and investor relations information, including historical Nanophase financials and disclosures, is available at

Last close 0.80 2026-10-23
Market cap $56.5M 2026-06-30 share count
52-week range 0.61 - 3.80

Valuation FY2025 figures against the last close

P/S0.9x
P/E40.0x
P/FCF—
EV/EBITDA22.9x
Dividend yield—
Diluted EPS0.02

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $62.1M$52.3M$37.3M$37.3M$29.5M$17.1M$12.5M$14.2M$12.5M$10.8M
Cost of revenue $46.0M$36.2M$29.5M$29.0M$20.8M$11.1M$9.9M$10.9M$8.6M$7.5M
Gross profit $16.1M$16.2M$7.8M$8.4M$8.7M$6.0M$2.6M$3.3M$3.9M$3.2M
R&D $4.1M$3.8M$3.8M$3.0M$2.2M$1.6M$1.9M$2.1M$1.7M$1.6M
SG&A $10.4M$7.2M$7.5M$7.6M$3.9M$2.9M$3.5M$3.3M$2.9M$3.0M
Total operating expenses $60.3M$48.1M$41.7M———————
Operating income $1.6M$5.1M-$3.5M-$2.3M$2.6M$1.5M-$2.8M-$2.0M-$772.0K-$1.3M
Interest expense —$670.0K$838.0K$382.0K$1.2M$496.0K$210.0K$58.0K$34.0K$15.0K
Pre-tax income $1.9M$4.5M-$4.4M-$2.6M$2.4M$989.0K-$3.0M-$2.1M-$789.0K-$1.3M
Income tax $73.0K$227.0K$6.0K$17.0K$37.0K——$0$0—
Net income $1.8M$4.2M-$4.4M-$2.6M$2.3M$989.0K-$3.0M-$2.1M-$789.0K-$1.3M
EPS, basic 0.030.07-0.09-0.050.050.03-0.08———
EPS, diluted 0.020.07-0.09-0.050.050.03-0.08-0.06-0.03-0.04
Shares, diluted (wtd. avg.) 72.6M65.0M49.6M49.1M47.0M38.5M36.6M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.3M$1.4M$1.7M$2.2M$657.0K$957.0K$1.2M$1.3M$2.0M$1.8M
Receivables $6.8M$4.9M$3.5M$4.7M$3.9M$2.9M$970.0K$829.0K$1.1M$434.0K
Inventory $18.5M$20.3M$10.0M$8.8M$6.1M$4.3M$2.6M$2.2M$1.4M$772.0K
Total current assets $28.8M$29.3M$16.3M$16.6M$11.6M$8.8M$5.0M$4.7M$4.6M$3.4M
Property, plant and equipment $14.3M$12.7M$8.7M$7.9M$4.7M$2.9M$2.3M$1.9M$1.6M$1.4M
Total assets $50.1M$50.0M$32.9M$33.6M$28.4M$13.5M$9.4M$6.6M$6.3M$4.8M
Accounts payable $4.1M$9.1M$6.3M$6.4M$3.6M$2.1M$1.7M$1.6M$1.0M$669.0K
Short-term debt —————$500.0K$500.0K———
Total current liabilities $13.9M$25.8M$15.6M$13.8M$7.3M$6.8M$4.4M$3.6M$2.0M$1.3M
Long-term debt ———$1.0M$1.0M$952.0K————
Retained earnings -$98.6M-$100.4M-$104.7M-$100.1M-$97.4M-$99.8M-$100.8M-$97.8M-$95.7M-$94.9M
Total equity $17.6M$14.9M$1.9M$5.6M$7.5M$2.7M$1.5M$1.4M$3.2M$2.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$8.6M$2.0M-$2.0M-$1.6M$2.3M-$2.1M-$2.8M-$1.3M-$960.0K-$241.0K
Depreciation and amortisation $897.0K$928.0K$918.0K$567.0K$454.0K$358.0K$315.0K$322.0K$344.0K$610.0K
Stock-based compensation $575.0K$725.0K$773.0K$625.0K$160.0K$195.0K$242.0K$204.0K$183.0K$207.0K
Capital expenditure —$4.6M$1.1M$2.8M$1.9M$878.0K$740.0K$160.0K$209.0K$128.0K
Investing cash flow -$2.1M-$4.6M-$1.1M-$2.8M-$1.9M-$878.0K-$740.0K-$160.0K-$72.0K-$165.0K
Financing cash flow $10.6M$2.3M$2.6M$6.0M-$747.0K$2.7M$3.4M$892.0K$1.2M$910.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001999371-26-007345.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M 0 20M 40M 60M 80M Revenue, FY2016: 10.8M Gross profit, FY2016: 3.2M Net income, FY2016: -1.3M Revenue, FY2017: 12.5M Gross profit, FY2017: 3.9M Net income, FY2017: -789K Revenue, FY2018: 14.2M Gross profit, FY2018: 3.3M Net income, FY2018: -2.1M Revenue, FY2019: 12.5M Gross profit, FY2019: 2.6M Net income, FY2019: -3M Revenue, FY2020: 17.1M Gross profit, FY2020: 6M Net income, FY2020: 989K Revenue, FY2021: 29.5M Gross profit, FY2021: 8.7M Net income, FY2021: 2.3M Revenue, FY2022: 37.3M Gross profit, FY2022: 8.4M Net income, FY2022: -2.6M Revenue, FY2023: 37.3M Gross profit, FY2023: 7.8M Net income, FY2023: -4.4M Revenue, FY2024: 52.3M Gross profit, FY2024: 16.2M Net income, FY2024: 4.2M Revenue, FY2025: 62.1M Gross profit, FY2025: 16.1M Net income, FY2025: 1.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $10.8M $12.5M $14.2M $12.5M $17.1M $29.5M $37.3M $37.3M $52.3M $62.1M
Gross profit $3.2M $3.9M $3.3M $2.6M $6.0M $8.7M $8.4M $7.8M $16.2M $16.1M
Net income -$1.3M -$789.0K -$2.1M -$3.0M $989.0K $2.3M -$2.6M -$4.4M $4.2M $1.8M

Recent filings and events

  • Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed Item 1.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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