A Business at a Glance
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SOLESENCE, INC.
SLSN
$49M
Mkt Cap
$0.94
-6.00%
SOLESENCE, INC. (SLSN) has a 5-year average return on invested capital (ROIC) of -18.3%. This is below average and may indicate limited pricing power.
SOLESENCE, INC. (SLSN) has a market capitalization of $49M. It is classified as a small-cap stock.
SOLESENCE, INC. (SLSN) does not currently pay a regular dividend.
SOLESENCE, INC. (SLSN) operates in the Perfumes, Cosmetics & Other Toilet Preparations industry, within the Consumer Defensive sector.
SOLESENCE, INC. (SLSN) reported annual revenue of $37 million in its most recent fiscal year, based on SEC EDGAR filings.
SOLESENCE, INC. (SLSN) has a net profit margin of -7.0%. The company is currently unprofitable.
SOLESENCE, INC. (SLSN) generated $-4 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Item 1. General On March 7, 2025, Nanophase Technologies Corporation announced its rebranding as Solesence, Inc. (“Solésence,” “Company,” “we,” “our,” or “us”), marking a new chapter in its commitment to innovation, self-expression, and inclusivity in skin health. The company’s stock will continue to trade under the NANX ticker symbol. Its corporate website transitioned to solesence.com. Investor relations information, including historic Nanophase financials and disclosures, is available at ir.solesence.com. Nanophase Technologies Corporation changed its legal name to Solesence, Inc. by amending its certificate of incorporation with the state of Delaware on March 10, 2025.
| Metric | TTM | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|
| Revenue | 37M | 37M | 29M | 14M | 12M | 11M |
| Net Income | -2.6M | -2.6M | 2.3M | -2.1M | -789K | -1.3M |
| EPS | $-0.05 | $-0.05 | $0.05 | $-0.06 | $-0.03 | $-0.04 |
| Free Cash Flow | -4.5M | -4.5M | 447K | -1.5M | -1.2M | -369K |
| ROIC | -31.6% | -39.4% | 32.3% | -293.2% | -21.6% | -44.2% |
| Gross Margin | 22.4% | 22.4% | 29.5% | 23.2% | 30.9% | 30.0% |
| Debt/Equity | 0.00 | 0.18 | 0.13 | 0.37 | 0.13 | 0.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -2.3M | -2.3M | 2.6M | -2.0M | -772K | -1.3M |
| Operating Margin | -6.1% | -6.1% | 8.7% | -14.3% | -6.2% | -11.8% |
| ROE | -46.4% | -40.0% | 31.1% | -90.2% | -24.4% | -46.0% |
| Shares Outstanding | 52M | 52M | 46M | 35M | 26M | 32M |
| Metric | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 9.6M | 9.9M | 10M | 11M | 12M | 14M | 29M | 37M | 37M |
| Gross Margin | 26.7% | 28.5% | 30.2% | 30.0% | 30.9% | 23.2% | 29.5% | 22.4% | 22.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -2.5M | -1.7M | -1.2M | -1.3M | -772K | -2.0M | 2.6M | -2.3M | -2.3M |
| Op. Margin | -26.0% | -17.3% | -11.4% | -11.8% | -6.2% | -14.3% | 8.7% | -6.1% | -6.1% |
| Net Income | -2.5M | -1.7M | -1.2M | -1.3M | -789K | -2.1M | 2.3M | -2.6M | -2.6M |
| Net Margin | -25.8% | -17.4% | -11.6% | -11.9% | -6.3% | -14.7% | 7.9% | -7.0% | -7.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | -46.1% | -43.5% | -39.7% | -44.2% | -21.6% | N/M | 32.3% | -39.4% | -31.6% |
| ROE | -46.2% | -44.9% | -41.7% | -46.0% | -24.4% | -90.2% | 31.1% | -40.0% | -46.4% |
| ROA | -35.3% | -30.1% | -26.1% | -26.5% | -12.6% | -32.4% | 8.2% | -8.5% | -7.8% |
| Cash Flow | |||||||||
| Op. Cash Flow | -522K | -1.2M | -240K | -241K | -960K | -1.3M | 2.3M | -1.6M | -1.6M |
| Free Cash Flow | -801K | -1.4M | -520K | -369K | -1.2M | -1.5M | 447K | -4.5M | -4.5M |
| Owner Earnings | -1.6M | -2.1M | -1.2M | -1.1M | -1.5M | -1.9M | 1.7M | -2.8M | -2.8M |
| CapEx | 279K | 216K | 280K | 128K | 209K | 160K | 1.9M | 2.8M | 2.8M |
| Maint. CapEx | 875K | 742K | 735K | 610K | 344K | 322K | 454K | 567K | 567K |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 2.3M | 2.3M |
| D&A | 875K | 742K | 735K | 610K | 344K | 322K | 454K | 567K | 567K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 80.7% | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 242K | 188K | 182K | 207K | 183K | 204K | 160K | 625K | 625K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | -3.3M | -1.7M | -1.1M | -1.7M | -1.5M | -839K | 343K | -1.2M | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | 10K | 121K | 144K | 110K | 416K | 506K | 1.0M | 1.0M | 1.0M |
| Debt/Equity | 0.00 | 0.03 | 0.05 | 0.04 | 0.13 | 0.37 | 0.13 | 0.18 | 0.00 |
| Interest Coverage | -207.6 | -287.0 | -84.1 | -84.5 | -22.7 | -34.9 | 2.2 | -5.9 | -5.9 |
| Equity | 5.4M | 3.8M | 2.9M | 2.8M | 3.2M | 1.4M | 7.5M | 5.6M | 5.6M |
| Total Assets | 7.0M | 5.7M | 4.6M | 4.8M | 6.3M | 6.6M | 28M | 34M | 34M |
| Total Liabilities | 1.7M | 1.9M | 1.7M | 2.1M | 3.0M | 5.2M | 21M | 28M | 28M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -91M | -92M | -94M | -95M | -96M | -98M | -97M | -100M | -100M |
| Working Capital | 3.7M | 2.6M | 1.8M | 2.1M | 2.6M | 1.1M | 4.3M | -210K | -210K |
| Current Assets | 4.5M | 3.6M | 2.7M | 3.4M | 4.6M | 4.7M | 12M | 17M | 17M |
| Current Liabilities | 857K | 976K | 878K | 1.3M | 2.0M | 3.6M | 7.3M | 17M | 17M |
| Per Share Data | |||||||||
| EPS | -0.09 | -0.06 | -0.04 | -0.04 | -0.03 | -0.06 | 0.05 | -0.05 | -0.05 |
| Owner EPS | -0.06 | -0.07 | -0.04 | -0.03 | -0.06 | -0.05 | 0.04 | -0.05 | -0.05 |
| Book Value | 0.19 | 0.13 | 0.10 | 0.09 | 0.12 | 0.04 | 0.16 | 0.11 | 0.11 |
| Cash Flow/Share | -0.02 | -0.04 | -0.01 | -0.01 | -0.04 | -0.04 | 0.05 | -0.03 | -0.04 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 27.5M | 28.8M | 29.8M | 32.1M | 26.3M | 34.7M | 46.4M | 52.5M | 52.5M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 83.4 | N/A | -18.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 432.9 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 75.7 | N/A | N/A |
| Price/Book | 2.8 | 3.1 | 4.4 | 8.0 | 4.1 | 18.8 | 25.9 | 10.7 | 8.7 |
| Price/Sales | 1.3 | 1.4 | 1.3 | 1.8 | 1.4 | 1.8 | 3.3 | 4.0 | 1.3 |
| FCF Yield | -5.3% | -11.6% | -4.2% | -1.6% | -8.9% | -5.8% | 0.2% | -7.4% | -9.1% |
| Market Cap | 15M | 12M | 13M | 22M | 13M | 26M | 193M | 60M | 49M |
| Avg. Price | 0.47 | 0.47 | 0.44 | 0.60 | 0.66 | 0.74 | 2.10 | 2.83 | 0.94 |
| Year-End Price | 0.55 | 0.42 | 0.42 | 0.70 | 0.50 | 0.75 | 4.17 | 1.15 | 0.94 |
SOLESENCE, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 27.2%. At current prices, the estimated annualized return to fair value is +27.3%.
SOLESENCE, INC. (SLSN) has a debt-to-equity ratio of 0.18. This indicates a conservatively financed balance sheet.
SOLESENCE, INC. (SLSN) reported earnings per share (EPS) of $-0.05 in its most recent fiscal year.
SOLESENCE, INC. (SLSN) has a return on equity (ROE) of -40.0%. A negative ROE may indicate losses or negative equity.
SOLESENCE, INC. (SLSN) has a 5-year average gross margin of 27.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 8 years of financial data for SOLESENCE, INC. (SLSN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SOLESENCE, INC. (SLSN) has a book value per share of $0.11, based on its most recent annual SEC filing.
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