Sol-Gel Technologies reports a Q2 GAAP EPS loss of $1.13 amid a sharp revenue decline from the prior year.
Sol-Gel Technologies reported a Q2 GAAP loss per share of $1.13 as revenue fell to $0.59 million. The company attributed the drop to the absence of a $16.7 million intellectual property sale recorded in the same period last year.
Revenue for Q2 2026 totaled $0.6 million, down from $17.3 million in Q2 2025. The prior-year figure included proceeds from an IP agreement with Mayne, which did not recur this quarter.
No immediate market reaction was disclosed in the release.