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Stock impact report

ChromaDex Corporation Reports Fourth Quarter and Fiscal Year 2023 Results [Yahoo! Finance]

ChromaDex Corporation (CDXC) 
NASDAQ:AMEX Investor Relations: investors.chromadex.com
Company Research Source: Yahoo! Finance
Full year net sales of $83.6 million, up 16% from the prior year, gross margin of 60.8%, net loss of only $4.9 million, positive Adjusted EBITDA of $1.9 million and positive operating cash flows. LOS ANGELES, March 06, 2024 BUSINESS WIRE )--ChromaDex Corp. (NASDAQ:CDXC) today announced fourth quarter and fiscal year 2023 financial results. Fourth Quarter 2023 and Recent Highlights Total net sales of $21.2 million, with $17.6 million from Tru Niagen®, up 1% and 9%, respectively, from the prior year quarter. Delivered strong gross margin of 61.0%, an increase of 380 basis points, compared to 57.2% from the prior year quarter. Achieved net income of $0.1 million, a $1.5 million improvement from a net loss of $1.4 million in the prior year quarter. Adjusted EBITDA, a non-GAAP measure, was a positive $1.2 million, a $0.9 million improvement from the prior year quarter. Maintained positive operating cash flows for a fourth consecutive quarter, ending with $27.3 million in cash Show less Read more
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