Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8M | $12.5M | $14.2M | $12.5M | $17.1M | $29.5M | $37.3M | $37.3M | $52.3M | $62.1M |
| Revenue growth | — | 15.7% | 13.8% | -11.9% | 36.9% | 72.1% | 26.6% | -0.1% | 40.4% | 18.6% |
| Gross profit | $3.24M | $3.85M | $3.29M | $2.62M | $5.99M | $8.69M | $8.36M | $7.83M | $16.2M | $16.1M |
| Gross margin | 30.0% | 30.9% | 23.2% | 20.9% | 35.0% | 29.5% | 22.4% | 21.0% | 30.9% | 25.9% |
| Operating income | -$1.27M | -$772K | -$2.02M | -$2.80M | $1.49M | $2.56M | -$2.26M | -$3.55M | $5.13M | $1.57M |
| Operating margin | -11.8% | -6.2% | -14.3% | -22.4% | 8.7% | 8.7% | -6.1% | -9.5% | 9.8% | 2.5% |
| Net income | -$1.28M | -$789K | -$2.08M | -$3.01M | $989K | $2.32M | -$2.62M | -$4.39M | $4.24M | $1.79M |
| Net margin | -11.9% | -6.3% | -14.7% | -24.0% | 5.8% | 7.9% | -7.0% | -11.8% | 8.1% | 2.9% |
| EPS (diluted) | -$0.04 | -$0.03 | -$0.06 | -$0.08 | $0.03 | $0.05 | -$0.05 | -$0.09 | $0.07 | $0.02 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$241K | -$960K | -$1.34M | -$2.78M | -$2.06M | $2.32M | -$1.65M | -$2.01M | $1.97M | -$8.57M |
| Capital expenditures | $128K | $209K | $160K | $740K | $878K | $1.87M | $2.82M | $1.05M | $4.56M | — |
| Free cash flow | -$369K | -$1.17M | -$1.50M | -$3.52M | -$2.94M | $447K | -$4.47M | -$3.06M | -$2.59M | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.78M | $1.96M | $1.34M | $1.19M | $957K | $657K | $2.19M | $1.72M | $1.41M | $1.29M |
| Total assets | $4.84M | $6.27M | $6.57M | $9.37M | $13.5M | $28.4M | $33.6M | $32.9M | $50.0M | $50.1M |
| Long-term debt | — | — | — | — | $952K | $1.00M | $1.00M | — | — | — |
| Shareholders' equity | $2.79M | $3.23M | $1.38M | $1.51M | $2.73M | $7.46M | $5.65M | $1.90M | $14.9M | $17.6M |
| Retained earnings | -$94.9M | -$95.7M | -$97.8M | -$101M | -$99.8M | -$97.4M | -$100M | -$105M | -$100M | -$98.6M |
| Shares (wtd avg diluted) | 31.2M | 33.8M | 33.9M | 36.6M | 38.5M | 47.0M | 49.1M | 49.6M | 65.0M | 72.6M |
Every figure is extracted from SOLESENCE, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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