Synergy CHC Corp Reports 30% EPS Growth Despite 13% Revenue Decline; Net Income Up 51% in Q1 2025

Reuters
2025/05/15
Synergy CHC Corp Reports 30% EPS Growth Despite 13% Revenue Decline; Net Income Up 51% in Q1 2025

Synergy CHC Corp, a provider of consumer health care and lifestyle products, reported its financial results for the first quarter of 2025, highlighting a 30% year-over-year growth in earnings per share to $0.10 from $0.08. The company noted a decrease in revenue, which was $8.2 million compared to $9.4 million in the same period of the previous year. Despite the decline in revenue, Synergy experienced an increase in net income, which rose to $876.3 thousand from $580.5 thousand, marking a 51% improvement. The company's EBITDA for the first quarter was $1.98 million, up 7% from $1.85 million in the prior year period, attributed primarily to lower selling, general, and administrative expenses. Synergy also reported a significant expansion in its gross margin, which increased to 75.4% from 72.0%. As of March 31, 2025, the company's inventory amounted to $2.3 million, up from $1.7 million at the end of December 2024. Cash used in operating activities was $822.8 thousand for the quarter, slightly lower than the $858 thousand used in the same period of the previous year. Additionally, Synergy reduced its total liabilities to $31.3 million from $33.0 million as of December 31, 2024, reflecting an improvement of $1.7 million. Synergy's CEO, Jack Ross, emphasized the company's ongoing profitability and expanded EBITDA margins, stating that these results underscore the strength of their operating model and cost management discipline. The company remains focused on its strategic goals and growth initiatives for 2025, maintaining confidence in its ability to drive sustainable growth and shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Synergy CHC Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-043696), on May 15, 2025, and is solely responsible for the information contained therein.

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