SNYR Synergy CHC Corp.
Price Chart
Executive Summary
Synergy CHC Corp. reported a significant year-over-year decline in revenue and substantial net losses for both Q4 and full-year 2025, driven by the termination of a $2.9M licensing agreement, a $6.66M bad debt allowance, and inventory/media write-offs. Despite management's optimism about 2026 beverage distribution growth—citing $600K in Q1 2026 revenue—the underlying financials show deteriorating fundamentals, negative operating cash flow, and a sharply declining Adjusted EBITDA. The improved cash balance is due to financing, not operations.
Key Financial Metrics
Actionable Insight
The stock may initially react positively to management's upbeat tone on 2026 beverage growth, but the fundamental deterioration—especially the collapse in Adjusted EBITDA and recurring one-time charges—suggests deeper operational issues. Traders should watch for sustainability of Q1 revenue claims and any further bad debt or inventory issues. The cash balance is misleading—growth is not self-funded and remains dependent on financing.
Key Facts
- Full-year 2025 revenue declined 12.8% YoY to $30.38M from $34.83M, primarily due to $2.9M loss from terminated license agreement
- Net loss for 2025 was $12.34M vs. net income of $2.12M in 2024; EPS loss of $1.27 vs. $0.28 profit
- Adjusted EBITDA collapsed to $800K in 2025 from $7.35M in 2024
- Q4 2025 gross margin dropped to 36.6% from 63.3% due to $1.04M inventory write-off and license termination
- Operating expenses more than doubled to $28.76M from $17.84M, driven by $6.66M bad debt allowance and $0.9M prepaid media write-off
- Despite $2.6M year-end cash (up from $0.69M), cash used in operations was $2.59M vs. $4.8M in 2024—improvement due to working capital changes, not profitability
- Company claims $600K in Q1 2026 revenue and $2.5M annualized run rate from beverage division, but no GAAP-compliant forward guidance provided
Financial Impact
Revenue down 12.8% YoY, net loss widened by $14.46M, Adjusted EBITDA down $6.55M, gross margin compressed by 30.7 percentage points in Q4
Risk Factors
- High exposure to receivables risk given $6.66M bad debt charge and AR down from $5.3M to $3.2M
- Inventory up 118% to $3.74M despite falling revenue, raising risk of further write-downs
- Heavy reliance on non-GAAP metrics to deflect from poor GAAP results
- No clear path to profitability despite 'one-time' expense narrative
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3266540 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 26, 2026
14d ago
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EFFECT
| $0.2650 $0.2680 | ▼ −1.13% | ▲ +0.08% | $0.1967 (+25.77%) |
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May 18, 2026
22d ago
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8-K
| $0.2760 $0.2650 | ▲ +3.99% | ▲ +5.60% | $0.1967 (+28.73%) |
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May 15, 2026
25d ago
|
S-1
| $0.2760 $0.2650 | ▲ +3.99% | ▲ +5.60% | $0.1967 (+28.73%) |
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May 14, 2026
26d ago
|
8-K
| $0.2750 $0.2500 | ▲ +9.09% | ▲ +8.37% | $0.1967 (+28.47%) |
|
May 14, 2026
26d ago
|
Press Release
| $0.2750 $0.2500 | ▲ +9.09% | ▲ +8.37% | $0.1967 (+28.47%) |
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Apr 1, 2026
9w ago
|
Press Release
| $1.02 $0.6140 | ▲ +39.80% | ▲ +43.57% | $0.1967 (+80.72%) |
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Mar 30, 2026
10w ago
|
Press Release
| $1.29 $0.6410 | ▼ −50.31% | ▼ −54.25% | $0.1967 (−84.75%) |
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Mar 17, 2026
12w ago
|
Press Release
| $1.33 $1.17 | ▼ −12.03% | ▼ −11.32% | $0.1967 (−85.21%) |
US Market Status
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