Solesence Expects at Least $65 Million in Shipped and On-Hand Orders by Year-End

Solesence expects the value of its shipped orders and orders on hand to reach at least $65 million by year-end, while its latest outlook puts full-year EBITDA margin slightly below a previously stated double-digit target.

Third-quarter revenue rose 38% from a year earlier to $20.2 million. Gross margin for the quarter was 39.3%, and management expects gross margin of at least 30% for 2026.

BEMT-enabled hybrid products could reach the market in 2027. Management sees the technology, alongside operational improvements, as potential support for EBITDA above 20% over the longer term.