Synergy CHC Corp sees 30% increase in earnings per share, focusing on international expansion

From GlobeNewswire: 2025-05-15 08:00:00

Synergy CHC Corp. (NASDAQ: SNYR) reported a 30% increase in earnings per share for the first quarter of 2025, marking the ninth consecutive profitable quarter. EBITDA margins also rose to 24.1% compared to 19.7% in the prior year. The company is preparing for international expansion and debt refinancing to accelerate growth initiatives.

First quarter financial results show a revenue of $8.2 million, down 13% from the same period in 2024. Gross margin increased to 75.4%, while income from operations rose to $1.9 million. Net income reached $876.3 thousand, with earnings per share at $0.10. EBITDA for the quarter was $1.98 million.

Synergy entered debt refinancing negotiations, established a subsidiary in Mexico, and signed a new supplier agreement. Operating expenses decreased by 15% in the first quarter. Cash and cash equivalents were approximately $177.9 thousand as of March 31, 2025, with total liabilities at $31.3 million.

A conference call will be held with CEO Jack Ross and CFO Jaime Fickett on May 15, 2025, to discuss the financial results. Synergy remains focused on its growth initiatives, including international expansion and debt refinancing. The company aims to provide shareholder value through sustainable growth.



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