Gross Margin Improvement
Gross margin increased by 300 basis points to 26% in Q1 2026 (up from ~23% a year ago), driven by improved labor efficiency and elimination of product quality-related waste.
Healthy Shipped + Open Orders
Shipped and open orders totaled $47.0 million, representing a sizable forward-looking book of business to be delivered within the year.
New Proprietary Technologies Launched
Launched two proprietary technologies, Chromalum and WHSPR, expanding product capabilities (SPF-infused hybrids) and opening adjacencies such as hair and scalp care.
Long-Term Growth Track Record and Market Milestones
Over the past 6 years the company grew at a compounded annual rate of over 50%, uplisted to NASDAQ and increased market capitalization by more than 5x.
Operational Initiatives Underway
Implemented updated shift structure and lean-manufacturing training; progressing SIOP implementation and inventory reductions; facility consolidation expected to deliver six-figure annual savings.
Commercial Partnerships and Co-Marketing Progress
Completed 4 co-marketing activations with brand partners (including Color Science, BloomAX and Seal), strengthening strategic relationships and product-level performance.
Reiterated Full-Year Targets and Path to Profitability
Management reiterated annual guidance (30% floor for gross profit margins) and remains on track to return to double-digit EBITDA margins by year-end as operational improvements take hold.