Chromadex Corp

NASDAQ:CDXCUnited States

May 8, 2024

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• -- Earnings Flash (CDXC) CHROMADEX CORPORATION Reports Q1 Revenue $22.2M, vs. Street Est of $23.6M, from 4:09PM ET on Wednesday May 08, 2024 by MT Newswires

  4:09PM ET on Wednesday May 08, 2024 by MT Newswires
  Companies Mentioned: CDXC
  04:09 PM EDT, 05/08/2024 (MT Newswires) -- ...

• ChromaDex Corporation Reports First Quarter 2024 Financial Results, from 4:04PM ET on Wednesday May 08, 2024 by Business Wire

  4:04PM ET on Wednesday May 08, 2024 by Business Wire
  Companies Mentioned: CDXC

  ChromaDex Corp. (NASDAQ:CDXC) today announced financial results for the first quarter of 2024.

  First Quarter 2024 Financial and Recent Operational Highlights

  Total net sales were $22.2 million, with $17.4 million from Tru Niagen(R). Solid gross margin of 60.7%, an increase of 80 basis points, compared to 59.9% from the prior year quarter. Sales and marketing expense as a percentage of net sales was 30.4%, an improvement of 450 basis points, compared to 34.9% from the prior year quarter. Total operating expenses decreased $1.3 million while increasing investments in research and development initiatives. Net loss was $0.5 million or $(0.01) per share, a $1.4 million improvement, or $0.02 per share, from the prior year quarter. Adjusted EBITDA, a non-GAAP measure, improved to a positive $0.7 million from a negative $0.1 million in the prior year quarter. In March 2024, the Tru Niagen(R) product portfolio(1) attained third-party verification through the Alkemist Assured(TM) testing transparency program conducted by Alkemist Labs, a distinguished third-party testing laboratory known for its rigorous analysis of herbal and dietary supplements. This verification reinforces ChromaDex's commitment to excellence by ensuring high-quality, safe ingredients and transparency. In April 2024, ChromaDex expanded distribution of Tru Niagen(R), announcing partnerships with The Vitamin Shoppe and Sprouts Farmers Market, both targeting health-conscious consumers. Tru Niagen(R) is now available in 700 The Vitamin Shoppe and Super Supplements specialty retail locations and online, as well as in 400 Sprouts Farmers Market locations, marking the inaugural launch with a major U.S. grocery chain.

• ChromaDex Corporation Reports First Quarter 2024 Financial Results, from 4:04PM ET on Wednesday May 08, 2024 by Dow Jones

  4:04PM ET on Wednesday May 08, 2024 by Dow Jones
  Companies Mentioned: CDXC
  
  Non-GAAP financial measures are not prepared in accordance with, or an alternative for, generally accepted accounting principles in the United States. The Company's non-GAAP financial measure is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP.
  

• *DJ ChromaDex 1Q Loss/Shr 1c >CDXC, from 4:04PM ET on Wednesday May 08, 2024 by Dow Jones

  4:04PM ET on Wednesday May 08, 2024 by Dow Jones
  Companies Mentioned: CDXC
  
  Non-GAAP financial measures are not prepared in accordance with, or an alternative for, generally accepted accounting principles in the United States. The Company's non-GAAP financial measure is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP.