Recent Updates
Recently added Catalysts
NAGE

ChromaDex Reports Second Quarter 2017 Financial Results -Company Reports Revenue of $5.3 Million for Q2 2017- - Continued Progress on Building a Consumer Products Platform Around TruNiagen&#xAE

Key Takeaway: ChromaDex Reports Second Quarter 2017 Financial -Company Reports Revenue of $5.3 Million for Q2 2017- - Continued Progress on Building a Consumer Products Platform IRVINE, Calif., August 10, 2017 ChromaDex Corp. (NASDAQ: CDXC), an innovator of proprietary health, wellness an

Full Press Release Details

ChromaDex Reports Second Quarter 2017 Financial
-Company Reports Revenue of $5.3 Million for Q2 2017-
- Continued Progress on Building a Consumer Products Platform
IRVINE, Calif., August 10, 2017 ChromaDex Corp.
(NASDAQ: CDXC), an innovator of
proprietary health, wellness and nutritional ingredients, that
creates science-based solutions to dietary supplement, food and
beverage, skin care, sports nutrition, and pharmaceutical products,
announced today the financial results for the quarter ended July 1,
Jaksch, Jr., CEO and co-founder of ChromaDex commented, We
are the innovator of nicotinamide riboside and have positioned the
company as the gatekeeper of the emerging NAD+ precursor market.
During the second quarter we have significantly strengthened our
balance sheet, forged strategic relationships for international
opportunities and began a strategic transformation. Most
importantly, the supporting science continues to build and we
eagerly await the upcoming publication of two additional human
trials on nicotinamide riboside (NR) in the near
Fried, President and Chief Strategy Officer of ChromaDex added,
ChromaDex is making excellent progress in our mission to
grow from a strong science based ingredient company to a vertically
integrated anti-aging platform company focusing on
precursors. Our consumer brand, TruNiagen, is poised to deliver
excellent results in the near future."
Results of operations for the three months ended July 1,
three months ended July 1, 2017 ( Q2 2017 ), ChromaDex
reported net sales of $5.3 million, compared to $8.8 million for
the three months ended July 2, 2016 ( Q2
ingredients segment generated net sales of $3.0 million for Q2
2017, compared to $6.2 million for Q2 2016, the decrease largely as
a result of terminating our largest customer during fiscal year
core standards and services segment posted net sales of $2.3
million for Q2 2017, compared to $2.6 million for Q2 2016. Since
the year ended December 31, 2016, ChromaDex has made operational
changes to merge its scientific and regulatory consulting segment
into the core standards and services segment.
loss attributable to common stock holders for Q2 2017 was $2.8
million or ($0.07) per share, which included a one-time loss of
$746,000 from ongoing litigation, as compared to a net loss of
approximately $83,000 or ($0.00) per share for Q2 2016. Adjusted
EBITDA, a non-GAAP measure, was ($2.1 million) for Q2 2017,
compared to adjusted EBITDA of $0.5 million for Q2 2016. The Basic
and Diluted Adjusted EBITDA per share for Q2 2017 was ($0.05)
versus $0.01 for Q2 2016.
Recent Company highlights include:
Company sponsored the
Federation of American Societies for Experimental Biology (FASEB)
2017 conference for NAD+ Metabolism and
Company appointed Dr. Rudolph
Tanzi, Vice-Chair of Neurology and Director of the Genetics and
Aging Research Unit at Massachusetts General Hospital, and the
Joseph P. and Rose F. Kennedy Professor of Neurology at Harvard
Medical School, to the Scientific Advisory Board
Company signed a new,
exclusive patent license and research agreement with The Scripps
Research Institute (TSRI), gaining access to groundbreaking,
pre-clinical discoveries by Dr. Brunie Felding.
Company announced that Charles Brenner, PhD,
the Roy J. Carver Chair and Head of Biochemistry at the University
of Iowa Carver College of Medicine and current ChromaDex Scientific
Advisory Board member, has been appointed Chief Scientific
Company announced the first launch of
nicotinamide riboside
(NR) into the functional food space.
Company announced the closing of the
$16.4 million second tranche of the strategic investment of up to
$25 million led by Hong Kong business leader Mr. Li
Company announced that it entered into a
securities purchase agreement, pursuant to which the Company sold
$3.5 million of its common stock, with the possibility of selling
up to an additional $21.5 million of its common stock in future
tranches, in a private placement led by Hong Kong business leader
Mr. Li Ka-shing with Horizons
Investor Conference Call
management will host an investor conference call to discuss the
year end results and provide a general business update on Thursday,
August 10, at 4:30 p.m. ET.
should call in at least 10 minutes prior to the call. The dial-in
information is as follows:
U.S. Toll-Free Number: (866) 327-8118
International Dial-In Number: (678) 509-7526
Conference ID: 65841215
Webcast link: http://edge.media-server.com/m/p/3mm48mw7/lan/en
earnings press release, accompanying financial exhibits and webcast
replay will all be available on the Investor Relations section of
the Company website, www.chromadex.com.
About Non-GAAP Financial Measures
non-GAAP financial measures exclude interest, tax, depreciation,
amortization and share-based compensation. ChromaDex used
these non-GAAP measures when evaluating its financial results as
well as for internal resource management, planning and forecasting
purposes. These non-GAAP measures should not be viewed in isolation
from or as a substitute for ChromaDex's financial results in
accordance with GAAP. A reconciliation of GAAP to non-GAAP measures
is attached to this press release.
its complementary business units to discover, acquire, develop and
commercialize patented and proprietary ingredient technologies that
address the dietary supplement, food, beverage, skin care and
pharmaceutical markets. In addition to our ingredient technologies
unit, we also have business units focused on natural product fine
chemicals (known as "phytochemicals"), chemistry and analytical
testing services, and product regulatory and safety consulting. As
a result of our relationships with leading universities and
Last updated: Aug 10, 2017