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Synergy CHC Corp

synergychc.com

What Do They Do?

Sells brain-health supplements, functional beverages, and wellness products to retailers and consumers.

How Do They Make Money?

Retailers buy products at fixed prices under purchase orders, with sales counted when products ship; online product sales are also counted at shipment, while digital sales are counted in the month of download.

revenue
SegmentShareRevenue
Online
Sold outright

27%
Retail
Sold outright

73%

Who Are Their Customers?

Retail partners carry the products through club, mass, drug, and online channels; consumers can also buy directly through the FOCUSfactor and Flat Tummy websites.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2024: 73% from one customer

Do Revenues Turn Into Profits?

No. It lost $12.3M in FY2025.

Operating income, FY2025
−28% of revenue
▼ Now a loss vs FY2024 ($5.8M, 17%)
Net income, FY2025
−41% of revenue
▼ Now a loss vs FY2024 ($2.1M, 6%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q1 FY2026, the three months to Mar 31, 2026
Revenue
▼ −33%
vs $8.2M in Q1 FY2025
Net income
▼ Now a loss
vs $876.3K in Q1 FY2025
Retail share of revenue vs 66.2% in Q1 FY2025
  • Sep 11, 2026 Nasdaq determined the company’s securities will be delisted. Trading is set to be suspended, and the company does not presently intend to appeal.
  • Sep 4, 2026 The company filed for Chapter 11 bankruptcy protection. It anticipates filing a plan of liquidation or reorganization.
  • Jul 29, 2026 Costco will stop carrying FOCUSfactor products. Costco accounted for approximately 58% of FY2025 net revenue.

Shrinking. Revenue fell 29% in 2 years, from $42.8M in FY2023 to $30.4M in FY2025, about 16% a year.

Revenue over time
Online Retail
$50M$25M$0

Who Do They Compete With?

Competes with Celsius, Beyond Raw, Red Bull, Monster, Reign, C4, and FocusAid

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