Filing Flows › Solesence (SLSN) › Q1 2025
Solesence (SLSN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Solesence (SLSN) reported revenue of $14.6M for the first quarter 2025 (Q1 2025), +48% from a year earlier and +16% from the quarter before. Operating margin was 1.8%, net earnings $80K (0.5% of revenue).
Solesence, Q1 2025: revenue $14.6M (+48% year over year), operating margin 1.8%, net earnings $80K, operating cash flow −$7.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6M | +16% | +48% |
| Gross profit | $3.4M | +22% | -6% |
| Operating profit | $256K | — | -77% |
| Net earnings | $80K | — | -91% |
| Operating cash flow | −$7.2M | -430% | — |
What changed
Revenue was $14.6M in Q1 2025, up 48% year over year and up 16% from the previous quarter. Consumer Products was the largest line at 88% of revenue. Consumer Products added $4.8M year over year (up 59%), 100% of the total change. Product and Service, Other declined 48%.
Gross margin was 23.1%, down 13.2 points from a year earlier. Operating profit was $256K, a 1.8% margin (down 9.5 points year over year). Operating profit fell $855K even though revenue rose $4.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 27% against revenue growth of 48%. The fastest-growing cost line was SG&A (+35%). Net earnings were $80K, down 91% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$7.2M. Non-cash charges added back $226K of depreciation and amortization and $127K of share-based compensation. Working capital and other items used $7.7M.
Questions
What was Solesence's revenue in the first quarter 2025?
Solesence (SLSN) reported revenue of $14.6M for the first quarter 2025 (Q1 2025), +48% from a year earlier and +16% from the quarter before.
Was Solesence profitable in the first quarter 2025?
Operating profit was $256K (1.8% of revenue) and net earnings $80K.
Source: Solesence 10-Q on SEC EDGAR.