Bad news if you were planning to purchase the Essential Phone: the device is out of stock on essential.com and won't be available ever again. But there's a silver lining: A statement from Essential suggests the company is working on a new smartphone.

"We are sold out of Essential Phone on essential.com and won't be adding any new inventory," an Essential spokesperson said. "We are now hard at work on our next mobile product and will continue to sell accessories and provide speedy software updates and customer support to our existing community."

Although the Essential Phone featured a stellar design and clean software, it wasn't exactly a hit with consumers, so it's no surprise to see the device finally fall by the wayside. That being said, hearing the company has plans for something else is exciting.

While we don't know what Essential will do next, there have been reports about the company working on a phone with a focus on AI. Not to mention Essential recently acquired CloudMagic, a company with expertise in email.

There may be a few stray Essential Phone units at third-party retail locations. If not, you can say goodbye to the phone for good.