Synergy CHC Corp
OTC:SNYR
Synergy CHC Corp
Synergy CHC Corp., a consumer health care company, markets and distributes various consumer branded products primarily in the health and wellness industry in North America. The company is headquartered in Westbrook, Maine and currently employs 39 full-time employees. The company went IPO on 2013-11-08. The firm's brand portfolio includes FOCUSfactor, Flat Tummy, and Hand MD. The FOCUSfactor brand is a brain health nutritional supplement with formula comprising of a blend of brain supporting ingredients along with vitamins, minerals, and other nutrients. FOCUSfactor brand sells its products primarily through retailers in the United States. The Flat Tummy brand consists of a range of lifestyle products and accessories, including tea, shakes, lollipops, supplements, apparel, and exercise accessories. Flat Tummy brand sells its products directly to consumers through its Website and application, as well as through retailers. The Hand MD is a beauty-focused brand consisting of an anti-aging skincare line formulated specifically for the hands. Hand MD brand's product line includes serums and creams for skin repair and rehydration as well as hand soaps and hand sanitizers.
Synergy CHC Corp., a consumer health care company, markets and distributes various consumer branded products primarily in the health and wellness industry in North America. The company is headquartered in Westbrook, Maine and currently employs 39 full-time employees. The company went IPO on 2013-11-08. The firm's brand portfolio includes FOCUSfactor, Flat Tummy, and Hand MD. The FOCUSfactor brand is a brain health nutritional supplement with formula comprising of a blend of brain supporting ingredients along with vitamins, minerals, and other nutrients. FOCUSfactor brand sells its products primarily through retailers in the United States. The Flat Tummy brand consists of a range of lifestyle products and accessories, including tea, shakes, lollipops, supplements, apparel, and exercise accessories. Flat Tummy brand sells its products directly to consumers through its Website and application, as well as through retailers. The Hand MD is a beauty-focused brand consisting of an anti-aging skincare line formulated specifically for the hands. Hand MD brand's product line includes serums and creams for skin repair and rehydration as well as hand soaps and hand sanitizers.
Profitability: Synergy achieved its 11th consecutive quarter of profitability, underscoring strong operational discipline.
Revenue Growth: Third quarter net revenue rose 12.4% year-over-year to $8 million.
Gross Margin: Gross margin reached 70.9%, up from 67.2% last year, driven by a favorable shift in product mix and price increases.
Expansion: The company secured significant new distribution deals in both the beverage and supplement categories, including major launches with EG of America, Wakefern, Kroger, and Costco Mexico.
Capital Raise: Synergy raised $4.4 million in equity in August to support working capital and growth initiatives.
Operating Expenses: Operating expenses increased due to public company costs and beverage division investments.
Supplement Business: FOCUSfactor was named the #1 pharmacist recommended OTC memory supplement for 2025-2026.
Guidance: Management expects further investment in human capital and sales resources to support rapid expansion in beverage distribution.
