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.
Solésence Reports Second Quarter 2026 Financial Results
Solésence reported Q2 revenue of $15.3 million, down 25% year-over-year, citing tough comparisons against a prior-year product launch and inventory fill.
Gross margin held steady at 31%, but the company swung to a net loss of $158,000 compared to net income of $3.2 million in the prior year.
Adjusted EBITDA for the quarter was $523,000, significantly lower than the prior year's $3.7 million, reflecting the revenue decline.