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ChromaDex Corporation Reports Third Quarter 2024 Financial Results

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ChromaDex (NASDAQ:CDXC) reported strong Q3 2024 financial results with total net sales of $25.6 million, up 31% year-over-year. The company achieved record net income of $1.9 million ($0.02 per share) and Adjusted EBITDA of $2.9 million. Tru Niagen® sales reached $18.1 million, while Niagen® ingredient sales surged 368% to $6.7 million. Gross margin improved to 63.5%. The company expanded its Niagen+ product line to over 100 wellness clinics and expects approximately 15% revenue growth for full-year 2024.

ChromaDex (NASDAQ:CDXC) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con vendite nette totali di $25,6 milioni, in aumento del 31% rispetto all'anno precedente. L'azienda ha raggiunto un utile netto record di $1,9 milioni (equivalente a $0,02 per azione) e un EBITDA rettificato di $2,9 milioni. Le vendite di Tru Niagen® hanno raggiunto $18,1 milioni, mentre le vendite dell'ingrediente Niagen® sono aumentate del 368% a $6,7 milioni. Il margine lordo è migliorato al 63,5%. L'azienda ha ampliato la sua linea di prodotti Niagen+ a oltre 100 cliniche di benessere e prevede una crescita dei ricavi di circa il 15% per l'intero anno 2024.

ChromaDex (NASDAQ:CDXC) reportó resultados financieros sólidos para el tercer trimestre de 2024, con ventas netas totales de $25.6 millones, un incremento del 31% interanual. La compañía logró un ingreso neto récord de $1.9 millones ($0.02 por acción) y un EBITDA ajustado de $2.9 millones. Las ventas de Tru Niagen® alcanzaron los $18.1 millones, mientras que las ventas del ingrediente Niagen® aumentaron un 368% a $6.7 millones. El margen bruto mejoró al 63.5%. La empresa expandió su línea de productos Niagen+ a más de 100 clínicas de bienestar y espera un crecimiento de ingresos de aproximadamente el 15% para el año completo 2024.

ChromaDex (NASDAQ:CDXC)는 2024년 3분기 재무 결과를 발표하며 총 순매출 $25.6백만 달러로 전년 대비 31% 증가했다고 보고했습니다. 회사는 기록적인 순이익 $1.9백만 달러 ($0.02 주당)과 조정된 EBITDA $2.9백만 달러를 달성했습니다. Tru Niagen®의 판매는 $18.1백만에 도달했으며, Niagen® 원재료 판매는 368% 증가하여 $6.7백만에 달했습니다. 총 이익률은 63.5%로 향상되었습니다. 회사는 Niagen+ 제품 라인을 100개 이상의 웰니스 클리닉으로 확장했으며, 2024년 전체 연도에 대해 약 15%의 수익 성장을 예상하고 있습니다.

ChromaDex (NASDAQ:CDXC) a rapporté de solides résultats financiers pour le troisième trimestre 2024, avec un chiffre d'affaires net total de $25,6 millions, en hausse de 31 % par rapport à l'année précédente. La société a réalisé un bénéfice net record de $1,9 million (soit $0,02 par action) et un EBITDA ajusté de $2,9 millions. Les ventes de Tru Niagen® ont atteint 18,1 millions de dollars, tandis que les ventes de l'ingrédient Niagen® ont explosé de 368 % pour atteindre 6,7 millions de dollars. La marge brute s'est améliorée à 63,5 %. L'entreprise a élargi sa gamme de produits Niagen+ à plus de 100 cliniques de bien-être et s'attend à une croissance des revenus d'environ 15 % pour l'année complète 2024.

ChromaDex (NASDAQ:CDXC) meldete starke Finanzzahlen für das dritte Quartal 2024 mit einem Gesamtumsatz von $25,6 Millionen, was einem Anstieg von 31% im Vergleich zum Vorjahr entspricht. Das Unternehmen erzielte einen Rekordnettogewinn von $1,9 Millionen ($0,02 pro Aktie) und ein bereinigtes EBITDA von $2,9 Millionen. Der Umsatz mit Tru Niagen® erreichte $18,1 Millionen, während die Verkäufe des Niagen®-Ingredients um 368% auf $6,7 Millionen anstiegen. Die Bruttomarge verbesserte sich auf 63,5%. Das Unternehmen erweiterte seine Niagen+ Produktlinie auf über 100 Wellness-Kliniken und erwartet für das Gesamtjahr 2024 ein Umsatzwachstum von etwa 15%.

Positive
  • Revenue growth of 31% YoY to $25.6 million
  • First-time net profit of $1.9 million, compared to previous year loss
  • Record Adjusted EBITDA of $2.9 million
  • Niagen ingredient sales increased 368% YoY to $6.7 million
  • Gross margin improved 210 basis points to 63.5%
  • Marketing efficiency improved with expenses dropping to 27.5% of sales
  • Positive operating cash flow of $3.5 million
Negative
  • Operating expenses increased 12% to $14.6 million
  • Legal expenses increased $0.5 million
  • Cash flow from operations decreased by $2.9 million compared to prior year

Insights

ChromaDex delivered exceptional Q3 2024 results with $25.6 million in revenue, representing a robust 31% YoY growth. The standout performance includes a record $1.9 million net income and improved gross margins of 63.5%. Particularly noteworthy is the 368% YoY growth in Niagen ingredient sales to $6.7 million, demonstrating strong market penetration.

The company's operational efficiency is evident in reduced marketing expenses relative to revenue and healthy cash position of $32.4 million. The expansion of Niagen+ to over 100 wellness clinics and pursuit of IND application for AT treatment suggests promising growth vectors. With projected 15% annual revenue growth and improving margins, ChromaDex shows strong fundamentals and execution capability.

The expansion of pharmaceutical-grade Niagen+ through FDA-registered 503B facilities marks a significant advancement in ChromaDex's medical market strategy. With 275 research agreements and over 30 human clinical studies, the scientific foundation for Niagen is robust. The pursuit of an IND application for Ataxia Telangiectasia treatment represents a strategic move into rare disease therapeutics, potentially opening new revenue streams and market opportunities.

The company's 25-year track record in NAD+ research and growing clinic network demonstrates strong positioning in the emerging field of cellular health and aging. The combination of scientific credibility and expanding medical distribution channels suggests significant growth potential in the healthcare sector.

Total net sales of $25.6 million, up $6.1 million or 31% year-over-year, gross margin of 63.5% and record net income and adjusted EBITDA of $1.9 million and $2.9 million, respectively, for the three months ended September 30, 2024

LOS ANGELES--(BUSINESS WIRE)-- ChromaDex Corp. (NASDAQ:CDXC) today announced financial results for the third quarter of 2024.

Third Quarter 2024 Financial and Recent Operational Highlights

  • Total net sales were $25.6 million, with $18.1 million from Tru Niagen®, up 31%, and 4%, respectively, from the prior year quarter.
  • Total Niagen® ingredient sales, including food-grade and pharmaceutical-grade, reached $6.7 million, up 368% YoY.
  • Delivered strong gross margin of 63.5%, up 210 basis points from the prior year quarter.
  • Sales and marketing expense as a percentage of net sales was 27.5%, an improvement of 350 basis points, compared to 31.0% from the prior year quarter.
  • Achieved net income of $1.9 million or $0.02 earnings per share, an improvement of $2.8 million and $0.03 per share from the prior year quarter.
  • Reached record Adjusted EBITDA, a non-GAAP measure, of $2.9 million, up $2.4 million from the prior year quarter.
  • In September 2024, ChromaDex expanded the availability of Niagen+, a product line containing pharmaceutical-grade Niagen®, to an additional 14 leading wellness clinics. These Niagen+ products, including Niagen® IV and Niagen® Injections, are compounded and distributed by U.S. FDA-registered 503B outsourcing facilities and are available exclusively by prescription at participating wellness clinics. As of October 31, 2024, ChromaDex has expanded Niagen+ availability to over 100 wellness clinics, with further significant expansion expected in the coming weeks.
  • In September 2024, ChromaDex marked its 25th anniversary. Over the past 25 years, ChromaDex has built a reputation as the gold standard for scientific rigor and quality. With over 275 research agreements worldwide, more than 175 peer-reviewed publications, and over 30 human clinical studies on Niagen®, the ChromaDex External Research Program (CERP™) has played a pivotal role in advancing the scientific understanding of NAD+ and its role in age-related health conditions.
  • ChromaDex has initiated discussions with the FDA and is working to schedule meetings as part of the Company’s efforts to pursue an Investigational New Drug (IND) application for the use of nicotinamide riboside (NR) in the treatment of Ataxia Telangiectasia (AT). AT is a rare, progressive disease that typically presents in early childhood and affects the function of the nervous system, the immune system, and several other body systems.

“We are proud to report our best quarter to date, achieving $25.6 million in revenue, an impressive 31% increase year-over-year, supported by a strong gross margin of 63.5%, record-setting net income of $1.9 million, and healthy cash flows that have grown our operating cash to $32.4 million,” said ChromaDex CEO Rob Fried. “These results reflect our growing financial strength and set the stage for even greater success. This quarter also marks the first sales of our Niagen+ products, and we look forward to further extending their availability to more wellness clinics as we continue to deliver innovative health solutions to our customers.”

Results of operations for the three months ended September 30, 2024 compared to the prior year quarter

Net Sales for ChromaDex increased 31%, or $6.1 million, to $25.6 million. The growth in net sales was primarily driven by increased Niagen® ingredient sales, including a significant increase in food-grade Niagen® sales and the introduction of pharmaceutical-grade Niagen, and more modest gains in Tru Niagen sales.

Gross Margin improved 210 basis points to 63.5% primarily due to changes in product mix and business mix, the recognition of deferred revenue, and improvements in labor and overhead utilization rates with higher sales.

Operating Expense increased 12%, or $1.5 million, to $14.6 million.

  • Selling and marketing (S&M) expense increased $1.0 million and improved 350 basis points as a percentage of net sales to 27.5% of net sales, reflecting greater efficiencies from the increased investments.
  • General and administrative expense increased 8%, or $0.5 million, driven by higher legal expense of $0.5 million to support the Niagen+ launch and litigation matters.

Net Income was $1.9 million, or $0.02 per share, compared to a net loss of $1.0 million or $(0.01) per share for the third quarter of 2023.

Adjusted EBITDA, a non-GAAP measure, was $2.9 million, up from $0.5 million for the third quarter of 2023. See “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of non-GAAP Adjusted EBITDA to net loss, the most directly comparable GAAP measure.

Cash Flows from Operating Activities had a net cash inflow of $3.5 million for the nine months ended September 30, 2024 compared to $6.5 million in the prior year. The approximately $2.9 million reduction in cash provided by operating activities was largely driven by a relatively greater increase in trade receivables of $3.8 million, a greater reduction in accounts payable and accrued expenses of $2.8 million and $1.8 million, respectively, and lower provisions for credit losses of $0.9 million, offset by a $6.4 million improvement in net income (loss).

2024 Full Year Outlook

Looking forward, for the full year, the Company expects approximately 15% revenue growth year-over-year, driven by continued revenue growth through our e-commerce business as well as established partnerships, and includes upside from the Niagen+ product line launch. The Company projects that gross margin will improve slightly year-over-year. Moreover, selling and marketing expense will increase in absolute dollars but remain stable as a percentage of net sales, as the Company continues to make focused investments to drive brand awareness and support new market launches, while maintaining efficiency. The Company plans to continue to invest in research and development to drive future innovation and expects general and administrative expense to be down approximately $1.5 million year over year.

Investor Conference Call

A live webcast will be held Thursday, October 31, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss ChromaDex’s third-quarter financial results and provide a general business update.

To listen to the webcast, or to view the earnings press release and its accompanying financial exhibits, please visit the Investors Relations section of ChromaDex’s website at https://investors.chromadex.com. The toll-free dial-in information for this call is 1-888-596-4144 with Conference ID: 8584242.

The webcast will be recorded, and will be available for replay via the website from 7:30 p.m. Eastern time on October 31, 2024 through 11:59 p.m. Eastern time on November 13, 2024. The replay of the call can also be accessed by dialing 800-770-2030, using the Replay ID: 8584242.

Important Note on Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Statements that are not a description of historical facts constitute forward-looking statements and may often, but not always, be identified by the use of such words as “expects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “possible,” “probable,” “believes,” “seeks,” “may,” “will,” “should,” “could,” “predicts,” “projects,” “continue,” “would” or the negative of such terms or other similar expressions. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the quotation from ChromaDex’s Chief Executive Officer, statements related to the Company’s 2024 financial outlook including but not limited to revenue growth, gross margin, expenses, investment plans, and the statements regarding Niagen+. Risks that contribute to the uncertain nature of the forward-looking statements include: inflationary conditions and adverse economic conditions; our history of operating losses and need to obtain additional financing; the growth and profitability of our product sales; our ability to maintain and grow sales, marketing and distribution capabilities; changing consumer perceptions of our products; our reliance on a single or limited number of third-party suppliers; risks of conducting business in China; including unanticipated developments in and risks related to the Company’s ability to secure adequate quantities of pharmaceutical-grade Niagen in a timely manner; the Company’s ability to obtain appropriate contracts and arrangements with U.S. FDA-registered 503B outsourcing facilities required to compound and distribute pharmaceutical-grade Niagen to clinics; the Company’s ability to remain on the U.S. FDA Bulk Drug Substances Nominated for Use in Compounding Under Section 503B of the Federal Food, Drug, and Cosmetic Act Category 1 list; the Company’s ability to maintain and enforce the Company’s existing intellectual property and obtain new patents; whether the potential benefits of NRC can be further supported; further research and development and the results of clinical trials possibly being unsuccessful or insufficient to meet applicable regulatory standards or warrant continued development; the ability to enroll sufficient numbers of subjects in clinical trials; determinations made by the FDA and other governmental authorities; and the risks and uncertainties associated with our business and financial condition in general, described in our filings with the Securities and Exchange Commission (SEC), including, without limitation, our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q as filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and actual results may differ materially from those suggested by these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement and ChromaDex undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.

About ChromaDex:

ChromaDex Corporation is a global bioscience company dedicated to healthy aging. The ChromaDex team, which includes world-renowned scientists, is pioneering research on nicotinamide adenine dinucleotide (NAD+), an essential coenzyme that is a key regulator of cellular metabolism and is found in every cell of the human body. NAD+ levels in humans have been shown to decline with age, among other factors, and may be increased through supplementation with NAD+ precursors. ChromaDex is the innovator behind the NAD+ precursor nicotinamide riboside chloride (“NRC” commonly referred to as “NR”), commercialized as the flagship ingredient Niagen®, available in both food and pharmaceutical grades. Nicotinamide riboside chloride and other NAD+ precursors are protected by ChromaDex’s patent portfolio.

The Company delivers Niagen® as the sole or principal dietary ingredient in its consumer product line Tru Niagen® available at www.TruNiagen.com and through partnerships with global retailers and distributors. The Company also develops and commercializes proprietary-based ingredient technologies, including food-grade Niagen® and pharmaceutical-grade Niagen®, and supplies these ingredients as raw materials to the manufacturers of consumer products and U.S. FDA-registered 503B outsourcing facilities, respectively. The Company further offers natural product fine chemicals, known as phytochemicals, and related research and development services. Follow us on X (formerly Twitter) @ChromaDex and Instagram @TruNiagen and subscribe to our latest news via our website accessible at www.ChromaDex.com to which ChromaDex regularly posts copies of its press releases as well as additional updates and financial information about the Company.

ChromaDex Corporation and Subsidiaries

Unaudited Condensed Consolidated Statements of Operations

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

2024

 

2023

 

2024

 

2023

(In thousands, except per share data)

 

 

 

 

 

 

 

Sales, net

$

25,580

 

$

19,495

 

 

$

70,472

 

$

62,374

 

Cost of sales

 

9,340

 

 

 

7,526

 

 

 

27,083

 

 

 

24,531

 

Gross profit

 

16,240

 

 

 

11,969

 

 

 

43,389

 

 

 

37,843

 

Operating expenses:

 

 

 

 

 

 

 

Sales and marketing

 

7,044

 

 

 

6,035

 

 

 

20,753

 

 

 

19,918

 

Research and development

 

1,290

 

 

 

1,241

 

 

 

4,701

 

 

 

3,799

 

General and administrative

 

6,304

 

 

 

5,840

 

 

 

17,320

 

 

 

19,557

 

Total operating expenses

 

14,638

 

 

 

13,116

 

 

 

42,774

 

 

 

43,274

 

Operating income (loss)

 

1,602

 

 

 

(1,147

)

 

 

615

 

 

 

(5,431

)

 

 

 

 

 

 

 

 

Nonoperating income:

 

 

 

 

 

 

 

Interest income, net

 

276

 

 

 

188

 

 

 

756

 

 

 

379

 

Net income (loss)

$

1,878

 

 

$

(959

)

 

$

1,371

 

 

$

(5,052

)

 

 

 

 

 

 

 

 

Net income (loss) per share attributable to ChromaDex Corporation:

 

 

 

 

 

 

 

Basic

$

0.02

 

 

$

(0.01

)

 

$

0.02

 

 

$

(0.07

)

Diluted

$

0.02

 

 

$

(0.01

)

 

$

0.02

 

 

$

(0.07

)

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

Basic

 

75,972

 

 

 

75,050

 

 

 

75,588

 

 

 

74,938

 

Diluted

 

77,768

 

 

 

75,050

 

 

 

76,804

 

 

 

74,938

 

ChromaDex Corporation and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

 

(In thousands except par values, unless otherwise indicated)

September 30, 2024

 

December 31, 2023

Assets

 

 

 

Current assets:

 

 

 

Cash and cash equivalents, including restricted cash of $152 for both periods presented

$

32,398

 

$

27,325

Trade receivables, net of allowances of $90 and $68, respectively; Including receivables from Related Party of $2.0 million and $2.8 million, respectively

 

7,096

 

 

 

5,234

 

Inventories

 

10,544

 

 

 

14,525

 

Prepaid expenses and other assets

 

2,096

 

 

 

2,450

 

Total current assets

 

52,134

 

 

 

49,534

 

 

 

 

 

Leasehold improvements and equipment, net

 

1,718

 

 

 

2,137

 

Intangible assets, net

 

397

 

 

 

510

 

Right-of-use assets

 

1,899

 

 

 

2,400

 

Other long-term assets

 

374

 

 

 

383

 

Total assets

$

56,522

 

 

$

54,964

 

 

 

 

 

Liabilities and Stockholders' Equity

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

6,903

 

 

$

10,232

 

Accrued expenses

 

9,592

 

 

 

9,493

 

Current maturities of operating lease obligations

 

1,008

 

 

 

691

 

Current maturities of finance lease obligations

 

12

 

 

 

11

 

Customer deposits

 

184

 

 

 

195

 

Total current liabilities

 

17,699

 

 

 

20,622

 

Deferred revenue

 

2,579

 

 

 

3,311

 

Operating lease obligations, less current maturities

 

1,873

 

 

 

2,563

 

Finance lease obligations, less current maturities

 

2

 

 

 

12

 

Total stockholders’ equity

 

34,369

 

 

 

28,456

 

Total liabilities and stockholders’ equity

$

56,522

 

 

$

54,964

 

ChromaDex Corporation and Subsidiaries

Unaudited Condensed Consolidated Statements of Cash Flows

 

 

Nine Months Ended September 30,

(In thousands)

2024

 

2023

Net cash provided by / (used in):

 

 

 

Operating activities

$

3,526

 

 

$

6,468

 

Investing activities

 

(74

)

 

 

(122

)

Financing activities

 

1,621

 

 

 

(14

)

Net increase in cash and cash equivalents

 

5,073

 

 

 

6,332

 

Cash and cash equivalents beginning of period

 

27,325

 

 

 

20,441

 

Cash and cash equivalents at end of period

$

32,398

 

 

$

26,773

 

ChromaDex Corporation and Subsidiaries

Unaudited Reconciliation of Non-GAAP Financial Measures

 

Reconciliation of Net Income (Loss) to Adjusted EBITDA

(In thousands)

Q3 2024

 

Q2 2024

 

Q1 2024

 

Q4 2023

 

Q3 2023

Net income (loss), as reported

$

1,878

 

 

$

(15

)

 

$

(492

)

 

$

114

 

 

$

(959

)

Adjustments:

 

 

 

 

 

 

 

 

 

Interest income, net

 

(276

)

 

 

(241

)

 

 

(239

)

 

 

(282

)

 

 

(188

)

Depreciation

 

164

 

 

 

170

 

 

 

178

 

 

 

177

 

 

 

233

 

Amortization of intangibles

 

38

 

 

 

37

 

 

 

38

 

 

 

39

 

 

 

39

 

Amortization of right of use assets

 

164

 

 

 

163

 

 

 

174

 

 

 

157

 

 

 

176

 

Share-based compensation

 

735

 

 

 

1,185

 

 

 

984

 

 

 

1,037

 

 

 

1,117

 

Severance and restructuring

 

185

 

 

 

276

 

 

 

27

 

 

 

5

 

 

 

86

 

Adjusted EBITDA

$

2,888

 

 

$

1,575

 

 

$

670

 

 

$

1,247

 

 

$

504

 

Non-GAAP Financial Information:

To supplement ChromaDex’s unaudited financial data presented in accordance with generally accepted accounting principles (GAAP), the Company has presented Adjusted EBITDA, a non-GAAP financial measure. ChromaDex believes the presentation of this non-GAAP financial measure provides important supplemental information to management and investors and enhances the overall understanding of the Company’s historical and current financial operating performance. The Company believes disclosure of the non-GAAP financial measure has substance because the excluded expenses are infrequent in nature, are variable in nature or do not represent current cash expenditures. Further, such non-GAAP financial measure is among the indicators the Company uses as a basis for evaluating the Company’s financial performance as well as for planning and forecasting purposes. Accordingly, disclosure of this non-GAAP financial measure provides investors with the same information that management uses to understand the Company’s economic performance year-over-year.

Adjusted EBITDA is defined as net income (loss) before (a) interest, (b) depreciation, (c) amortization, (d) non-cash share-based compensation costs and (e) severance and restructuring expense. While ChromaDex believes that this non-GAAP financial measure provides useful supplemental information to investors, there are limitations associated with the use of such measure. This measure is not prepared in accordance with GAAP and may not be directly comparable to similarly titled measures of other companies due to potential differences in the method of calculation. Management compensates for these limitations by relying primarily on the Company’s GAAP results and by using Adjusted EBITDA only supplementally and by reviewing the reconciliation of the non-GAAP financial measure to its most comparable GAAP financial measure.

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.

Investor Relations

Ben Shamsian

Lytham Partners

+1 (646) 829-9701

Shamsian@LythamPartners.com

Media Relations

Kendall Knysch

Director of Media Relations

+1 (310) 388-6706 Ext. 689

Kendall.Knysch@ChromaDex.com

Source: ChromaDex Corporation

FAQ

What was ChromaDex (CDXC) revenue in Q3 2024?

ChromaDex reported total net sales of $25.6 million in Q3 2024, representing a 31% increase year-over-year.

How much did CDXC's Niagen ingredient sales grow in Q3 2024?

Niagen ingredient sales, including food-grade and pharmaceutical-grade, reached $6.7 million, representing a 368% increase year-over-year.

What was ChromaDex's (CDXC) earnings per share in Q3 2024?

ChromaDex reported earnings of $0.02 per share, an improvement of $0.03 per share from the prior year quarter.

What is ChromaDex's (CDXC) revenue guidance for full-year 2024?

ChromaDex expects approximately 15% revenue growth year-over-year for full-year 2024.

ChromaDex Corporation

NASDAQ:CDXC

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