SOLESENCE, INC. (SLSN) FY2024 10-K Annual Report
SOLESENCE, INC. (SLSN) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 31, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SOLESENCE, INC. FY2024 10-K Analysis
Business Overview
- • Core business shifted to vertically integrated skin health consumer products leveraging proprietary Active Stress Defense™ nano-technology platform
- • New emphasis on expanding finished product manufacturing and formulation capabilities for clean, inclusive UV/environmental protection goods
Management Discussion & Analysis
- • Revenue $52.3M in 2024 vs $37.3M in 2023, up $15.0M or 40.4% YoY, driven by product revenue increase to $51.9M from $36.6M
- • Gross profit $16.2M vs $7.8M; gross margin 30.9% vs 21.0%; operating income $5.1M vs loss $3.5M; net income $4.2M vs loss $4.4M
SOLESENCE, INC. FY2024 Key Financial MetricsXBRL
Revenue
$52M
▲ +40.4% YoY
Net Income
$4M
▲ +196.5% YoY
Gross Margin
30.9%
▲ +994bp YoY
Operating Margin
9.8%
▲ +1931bp YoY
Net Margin
8.1%
▲ +1986bp YoY
ROE
28.3%
▲ +25915bp YoY
Total Assets
$50M
▲ +52.1% YoY
EPS (Diluted)
$0.07
▲ +177.8% YoY
Operating Cash Flow
$2M
▲ +198.3% YoY
Source: XBRL data from SOLESENCE, INC. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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