Business
Synergy CHC Corp. Reports First Quarter 2026 Financial Results
N. WINDHAM, Maine, May 14, 2026 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (NASDAQ: SNYR) (“Synergy” or the “Company”), a consumer health and wellness company, is
About this update from Synergy Chc Corp.
[{"type":"text","content":"N. WINDHAM, Maine, May 14, 2026 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (NASDAQ: SNYR) (“Synergy” or the “Company”), a consumer health and wellness company, is announcing its financial results for the three months ended March 31, 2026. “Our first quarter results reflect continued execution and the growing momentum of our functional beverage business,” said Jack Ross, CEO of Synergy CHC Corp. “During the quarter, we generated over $650,000 in functional beverage revenue, exceeding our total beverage revenue for all of 2025. This performance reflects the success of our expanding retail and distribution partnerships across the U.S., supported by healthy sell-through that is already driving increased reorder activity. Reflecting this momentum, our beverage division is operating at an estimated annual run rate exceeding $4 million. With this foundation in place and continued expansion of our distribution footprint underway, we believe we are well-positioned to capture the significant growth opportunities emerging within the functional beverage sector. With solid early-year momentum and a clear strategic path, we expect 2026 to be a year of sustainable growth and value creation for our shareholders.” First Quarter 2026 Financial Summary vs. Same Year-Ago Period Revenue of $5.49 million vs. $8.17 million.Gross margin of 72.3% vs. 75.4%.Income (loss) from operations of ($0.57) million vs. $1.95 million.Net income (loss) of ($2.57) million vs. $0.88 million.Earnings (loss) per share of ($0.23) vs. $0.10.EBITDA (loss), a non-GAAP financial measure, was ($0.54) million vs. $1.98 million.Adjusted EBITDA (loss), a non-GAAP financial measure, was $(0.35) million vs. $1.98 million. First Quarter 2026 Financial Results Revenue in the first quarter of 2026 was $5.49 million compared to $8.17 million in the first quarter of 2025, due to license revenue of $1.5 million in 2025 that did not repeat in 2026 and out-of-stock dynamics for several key online items in our Flat Tummy brand, which impacted online sales. This was partially offset by strong performance in beverages, which delivered significantly higher revenue compared to the prior year period. Gross margin in the first quarter of 2026 was 72.3% compared to 75.4% in the first quarter of 2025. Excluding license revenue from the first quarter of 2025, normalized gross margin for that period was ...