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SOLESENCE, INC.
Solésence, Inc. has extended the maturity dates of its loan agreements with Strandler, LLC and Beachcorp, LLC, both affiliates of its controlling shareholder, Bradford T. Whitmore. The maturity date for these loans has been moved from April 30, 2027, to May 31, 2028.…more
SOLESENCE, INC.
Solésence, Inc. received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement under Listing Rule 5550(a)(2) after its common stock closed below $1.00 for 30 consecutive trading days. The company has been granted a 180-day compliance period until March 29, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive trading days.…more
SOLESENCE, INC.
Solesence has determined that its financial statements from December 31, 2023, through March 31, 2026, should no longer be relied upon and must be restated due to inventory accounting errors. These errors resulted in the overstatement of inventory and misstatement of cost of revenue, impacting various financial metrics across multiple reporting periods.…more
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Solesence Q2 Sales Drop 24.7% YoY to $15.33 Million
Solesence reported second-quarter sales of $15.33 million, representing a 24.69% decline compared to the same period last year. This significant drop in revenue indicates a weakening financial performance.…more
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Solésence's second-quarter revenue fell by approximately 25% year-over-year, and the company shifted from a net profit to a net loss. The decline reflects the absence of a one-time revenue boost that benefited the prior-year period.…more
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솔레센스가 재무 보고 및 검토 절차 마무리를 위해 2분기 실적 발표 컨퍼런스 콜 일정을 8월 19일로 연기했습니다. 실적 발표가 지연됨에 따라 투자자들은 향후 공개될 재무 성과와 경영진의 가이던스를 확인할 필요가 있습니다.…more
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