Form 8-K

8-K — SOLESENCE, INC.

Accession: 0001171843-26-007397

Filed: 2026-11-12

Period: 2026-11-12

CIK: 0000883107

SIC: 2844 (PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — f8k_111226.htm (Primary)

EX-99.1 — PRESS RELEASE (exh_991.htm)

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8-K — FORM 8-K

8-K (Primary)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 12, 2026

_______________________________

SOLESENCE, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware 001-42589 36-3687863

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

1319 Marquette Drive

Romeoville, Illinois 60446

(Address of Principal Executive Offices) (Zip Code)

(630) 771-6708

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.01 par value per share SLSN The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On November 12, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

99.1 Press Release dated November 12, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOLESENCE, INC.

Date: November 12, 2026 By: /s/ Laura Riffner

Laura Riffner

Chief Financial Officer

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: exh_991.htm · Sequence: 2

EdgarFiling

EXHIBIT 99.1

Solésence Reports Record Third Quarter 2026 Financial Results

Third quarter revenue increases 38% year-over-year to $20.2 million

Third quarter net income of $3.7 million highest in company’s history

Company to host conference call today at 4:00 p.m. CT, 5:00 p.m. ET

ROMEOVILLE, Ill., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Solésence, Inc. (Nasdaq: SLSN), a leader in scientifically-driven health care solutions across beauty and life science categories, today announced financial results for the third quarter ended September 30, 2026.

“We’re very pleased that Solésence delivered solid top line growth as well as steady operational and strategic progress in the third quarter, driven by key milestones across our Transform and Transcend framework,” said Kevin Cureton, President and CEO. “Most notably, we reached a major turning point by completing the primary investment and implementation phase of our first pillar, operational excellence. This elevated capacity and efficiency position us to meet robust demand from our brand partners today while seamlessly scaling for tomorrow. Paired with our continued innovation in novel formulations and expanding global presence, Solésence is uniquely positioned to deliver long-term, profitable growth and lead the market in meeting evolving consumer needs.”

Third Quarter 2026 Financial Highlights

Third quarter revenue was $20.2 million, compared to $14.6 million for the same period in 2025.

Gross profit in the third quarter was $7.9 million, compared to $3.5 million for the same period in 2025.

Gross margin in the third quarter was 39.3%, compared to 23.8% for the same period in 2025.

Net income for the third quarter was $3.7 million, compared to a net loss of $1.0 million for the same period in 2025.

"By pairing record revenue and net income with strong margin expansion, we have positioned Solésence for sustained growth," said Laura Riffner, Chief Financial Officer. "The operational and financial improvements achieved throughout 2026 provide a strong foundation as we look ahead to 2027."

Conference Call

Solésence will host its third quarter conference call today at 4:00 p.m. CT, 5:00 p.m. ET, to discuss its financial results and provide a business and financial update. On the call will be Kevin Cureton, President and Chief Executive Officer, and Laura Riffner, Chief Financial Officer.

Webcast Link: https://edge.media-server.com/mmc/p/ym5i5dtt

Dial-In Link: https://register-conf.media-server.com/register/BI29b457cda9bc4600ac796e66eed97ca0

To receive the dial-in number, as well as your personalized PIN, you must register at the above link. Once registered, you will also have the option to have the system dial-out to you once the conference call begins. If you forget your PIN prior to the conference call, you can simply re-register.

The call may also be accessed through the Company’s investor relations website, at https://ir.solesence.com/. Please join the conference call at least five minutes prior to the start time.

FINANCIAL RESULTS AND NON-GAAP INFORMATION Use of Non-GAAP Financial Information

Solésence believes that the presentation of results excluding certain items, such as non-cash equity compensation charges, provides meaningful supplemental information to both management and investors, facilitating the evaluation of performance across reporting periods. The Company uses these non-GAAP measures for internal planning and reporting purposes. These non-GAAP measures are not in accordance with, or an alternative for, Generally Accepted Accounting Principles (“GAAP”) and may be different from non-GAAP measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income or net income per share prepared in accordance with GAAP.

About Solésence, Inc.

Solésence, Inc. (Nasdaq: SLSN), is a leader in scientifically-driven health care solutions across beauty and life science categories. With a mission to deliver joy through innovation, inclusivity and the science of beautiful skin, we have redefined mineral-based sun protection by maximizing transparency, effectiveness, aesthetics, and wearability — empowering individuals to embrace beauty on their own terms. Combining best-in-class skin health solutions with the celebration of self-care, we allow brands to deliver unique product claims and attributes by seamlessly integrating protection, prevention, and treatment technologies into daily use products. Learn more at solesence.com.

Forward-Looking Statements

This press release contains words such as “expects,” “shall,” “will,” “believes,” and similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company’s current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company’s results of operations, performance, and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, without limitation, the following: a decision by a customer to cancel a purchase order or supply agreement in light of the Company’s dependence on a limited number of key customers; uncertain demand for, and acceptance of, the Company’s engineered materials, ingredients, and fully formulated products; the Company’s manufacturing capacity and product mix flexibility in light of customer demand; the Company’s limited marketing experience; changes in development and distribution relationships; the impact of competitive products and technologies; the Company’s dependence on patents and protection of proprietary information; the resolution of litigation in which the Company may become involved; the impact of any potential new government regulations that could be difficult to respond to or too costly to comply with while remaining financially viable; the ability of the Company to maintain an appropriate electronic trading venue; and other factors described in the Company’s Form 10-K filed March 31, 2026, as amended by Form 10-K/A filed on November 10, 2026. In addition, the Company’s forward-looking statements could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties, or other contingencies.

Media Contact:

media@solesence.com

Investor Relations Contact:

investors@solesence.com

SOLESENCE, INC

CONSOLIDATED BALANCE SHEETS

(Unaudited Consolidated Condensed)

(in thousands except share and per share data)

September 30, December 31,

2026 2025

ASSETS (Unaudited) (Unaudited)

Current assets:

Cash $ 1,270 $ 1,288

Trade accounts receivable 9,222 7,642

Allowance for credit losses (858 ) (806 )

Trade accounts receivable, net 8,364 6,836

Inventories, net 11,593 14,879

Prepaid expenses and other current assets 2,030 2,141

Total current assets 23,257 25,144

Equipment and leasehold improvements, net 15,012 14,329

Operating leases, right of use 6,135 6,913

Other assets, net 36 37

Total assets $ 44,440 $ 46,423

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Line of credit, accounts receivable, related party 1,029 4,767

Current portion of operating lease obligations 1,409 1,255

Accounts payable 4,528 4,098

Deferred revenue 2,147 930

Accrued expenses 4,337 2,879

Total current liabilities 13,450 13,929

Long-term portion of operating lease obligations 6,736 7,798

Long-term portion of line of credit, inventory, related party 6,300 9,500

Long-term portion of debt, related parties 1,000 1,000

Asset retirement obligations 203 194

Total long-term liabilities 14,239 18,492

Stockholders' equity:

Preferred stock, $.01 par value, 24,088 shares authorized and

no shares issued and outstanding - -

Common stock, $.01 par value, 95,000,000 shares authorized;

70,632,445 and 70,614,045 shares issued and outstanding on March 31, 2026

and December 31, 2025, respectively 706 706

Additional paid-in capital 115,837 115,566

Accumulated deficit (99,792 ) (102,270 )

Total stockholders' equity 16,751 14,002

Total liabilities and shareholders' equity $ 44,440 $ 46,423

SOLESENCE, INC

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited Consolidated Condensed)

(in thousands except share and per share data)

Three months ended Nine months ended

September 30, September 30,

2026 2025 2026 2025

Revenue:

Product revenue $ 19,978 $ 14,533 $ 48,184 $ 49,369

Other revenue 185 64 269 212

Net revenue 20,163 14,597 48,453 49,581

Cost of revenue 12,235 11,123 32,708 36,043

Gross profit 7,928 3,474 15,745 13,538

Operating expense:

Research and development expense 1,082 1,082 3,071 3,055

Selling, general and administrative expense 2,810 3,069 9,287 8,188

Net (loss) income from operations 4,036 (677 ) 3,387 2,295

Interest income - - - -

Interest expense 258 339 801 603

Other nonoperating income 111 - 111 1,234

Net (loss) income before provision for income taxes 3,889 (1,016 ) 2,697 2,926

Provision for income taxes 219 - 219 390

Net (loss) income $ 3,670 $ (1,016 ) $ 2,478 $ 2,536

Net (loss) income per share-basic $ 0.05 $ (0.01 ) $ 0.04 $ 0.04

Weighted average number of common shares outstanding - basic 70,647,045 70,500,925 70,636,660 70,269,539

Net (loss) income per share-diluted $ 0.05 $ (0.01 ) $ 0.03 $ 0.03

Weighted average number of common shares outstanding - diluted 71,483,887 70,500,925 71,551,693 72,745,662

SOLESENCE, INC

CONSOLIDATED STATEMENTS OF OPERATIONS - EXPANDED SCHEDULE

(Unaudited Consolidated Condensed)

(in thousands except share and per share data)

Three months ended Nine months ended

September 30, September 30,

2026 2025 2026 2025

Revenue:

Product revenue $ 19,978 $ 14,533 $ 48,184 $ 49,369

Other revenue 185 64 269 212

Net revenue 20,163 14,597 48,453 49,581

Cost of revenue detail:

Depreciation 301 217 911 649

Non-Cash equity compensation 18 19 60 73

Other costs of revenue 11,916 10,887 31,737 35,321

Cost of revenue 12,235 11,123 32,708 36,043

Gross profit 7,928 3,474 15,745 13,538

Operating expense:

Research and development expense detail:

Depreciation (1 ) 2 9 9

Non-Cash equity compensation 8 27 43 82

Other research and development expense 1,075 1,053 3,019 2,964

Research and development expense 1,082 1,082 3,071 3,055

Selling, general and administrative expense detail:

Depreciation and amortization 7 6 23 17

Non-Cash equity compensation 47 61 133 199

Other selling, general and administrative expense 2,756 3,002 9,131 7,972

Selling, general and administrative expense 2,810 3,069 9,287 8,188

Net (loss) income from operations 4,036 (677 ) 3,387 2,295

Interest income

Interest expense 258 339 801 603

Other nonoperating income 111 - 111 1,234

Net (loss) income before provision for income taxes 3,889 (1,016 ) 2,697 2,926

Provision for income taxes 219 - 219 390

Net (loss) income $ 3,670 $ (1,016 ) $ 2,478 $ 2,536

Non-GAAP Disclosure (see note regarding Non-GAAP disclosures):

Addback Interest, net 258 339 801 603

Addback Depreciation/Amortization 307 225 943 675

Addback Non-Cash Equity Compensation 73 107 236 354

Subtract Non-Cash Other Income - - - -

Adjusted EBITDA $ 4,308 $ (345 ) $ 4,458 $ 4,168

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