$NAGE

ChromaDex Corp.

CIK:0001386570|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Sales, net	$ 29,785	$ 31,117	$ 61,259	$ 61,598
Cost of sales	10,471	10,891	21,969	22,041
Gross profit	19,314	20,226	39,290	39,557
Operating expenses:
Sales and marketing	10,130	8,207	19,805	16,324
Research and development	1,513	1,567	2,994	2,825
General and administrative	6,971	7,267	14,215	12,451
Total operating expenses	18,614	17,041	37,014	31,600
Operating income	700	3,185	2,276	7,957
Nonoperating income:
Interest income, net	372	552	747	1,011
Gain on sale of operating segment	(3)	0	4,781	0
Income before provision for income taxes	1,069	3,737	7,804	8,968
Provision for income taxes	106	128	523	296
Net income	$ 963	$ 3,609	$ 7,281	$ 8,672
Net income per share attributable to common stockholders:
Basic (in dollar per share)	$ 0.01	$ 0.05	$ 0.09	$ 0.11
Diluted (in dollar per share)	$ 0.01	$ 0.04	$ 0.09	$ 0.10
Weighted average common shares outstanding:
Basic (in shares)	79,322	79,249	79,619	78,534
Diluted (in shares)	82,504	86,241	83,474	84,877

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net income	$ 7,281	$ 8,672
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of leasehold improvements and equipment	233	316
Amortization of intangibles	349	75
Noncash lease expense	352	332
Gain on sale of operating segment	(4,781)	0
Share-based compensation expense	3,439	2,563
Loss on disposal of leasehold improvements and equipment	23	4
Allowance for (Recovery of) credit losses	19	(1,232)
Interest accretion on deferred consideration	229	0
Non-cash financing costs	25	26
Changes in operating assets and liabilities:
Trade receivables	1,142	(656)
Inventories	(197)	(5,214)
Implementation costs for cloud computing arrangement	(30)	(66)
Prepaid expenses and other assets	(519)	288
Accounts payable	(1,357)	5,154
Accrued expenses	(3,881)	(436)
Deferred revenue	(240)	95
Customer deposits and other	(63)	(308)
Operating lease liabilities	(488)	(480)
Deferred consideration liability	42	0
Net cash provided by operating activities	1,578	9,133
Cash Flows From Investing Activities
Purchases of leasehold improvements and equipment	(150)	(167)
Proceeds from sale of operating segment	5,800	0
Transaction costs from sale of operating segment	(497)	0
Net cash provided by / (used in) investing activities	5,153	(167)
Cash Flows From Financing Activities
Payment of deferred consideration	(47)	0
Proceeds from exercise of stock options	317	6,866
Proceeds from issuance of common stock from ESPP	72	0
Repurchase of common stock	(5,121)	0
Payment of debt issuance costs	0	(12)
Principal payments on finance leases	0	(6)
Net cash (used in) / provided by financing activities	(4,779)	6,848
Net increase in cash and cash equivalents	1,952	15,814
Cash and cash equivalents, including restricted cash of $152 for both periods - beginning of period	64,788	44,660
Cash and cash equivalents, including restricted cash of $152 for both periods - end of period	66,740	60,474
Supplemental Disclosures of Cash Flow Information
Cash payments for principal on operating lease liabilities	488	404
Supplemental Schedule of Noncash Operating Activity
Right-of-use assets and operating lease obligations incurred for entering into lease amendment	$ 0	$ 1,127

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents, including restricted cash of $152 for both periods presented	$ 66,740	$ 64,788
Trade receivables, net of allowances of $114 and $147, respectively	8,580	9,741
Inventories	20,640	20,424
Assets held for sale	0	541
Prepaid expenses and other assets	1,826	1,312
Total current assets	97,786	96,806
Leasehold improvements and equipment, net	1,247	1,323
Intangible assets, net	5,311	5,660
Right-of-use assets, net	1,840	2,192
Other long-term assets	405	425
Total assets	106,589	106,406
Current liabilities
Accounts payable	9,439	10,796
Accrued expenses	3,841	7,722
Current maturities of operating lease obligations	917	1,002
Current deferred consideration liability	524	0
Customer deposits	329	399
Total current liabilities	15,050	19,919
Deferred revenue	2,434	2,674
Operating lease obligations, less current maturities	1,412	1,815
Deferred consideration liability, less current portion	5,165	5,465
Total liabilities	24,061	29,873
Commitments and Contingencies (Note 8)
Stockholders' Equity
Common stock, $0.001 par value; authorized 150,000 shares; 78,908 shares and 79,714 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	79	79
Additional paid-in capital	239,698	240,991
Accumulated deficit	(157,247)	(164,528)
Cumulative translation adjustments	(2)	(9)
Total stockholders' equity	82,528	76,533
Total liabilities and stockholders' equity	$ 106,589	$ 106,406