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Stock impact report

ChromaDex Corporation Reports First Quarter 2024 Financial Results [Yahoo! Finance]

ChromaDex Corporation (CDXC) 
NASDAQ:AMEX Investor Relations: investors.chromadex.com
Company Research Source: Yahoo! Finance
Reiterated full year outlook including net sales growth of at least 16%. LOS ANGELES, May 08, 2024 BUSINESS WIRE )--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®. 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 Show less Read more
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