The core supplement business is contracting sharply while the beverage pivot is still tiny ($650K vs $5.5M total). With only $0.30M cash and a working capital deficit, the $2.7M ATM raise is critical for survival. Watch for further dilution and whether beverage growth can offset core declines before cash runs out.
Price Chart
Executive Summary
Synergy CHC Corp. reported Q1 2026 revenue of $5.49M, down 32.8% YoY from $8.17M, driven by a non-repeating $1.5M license revenue and online sales disruptions at Flat Tummy. Net loss was ($2.57M) vs. net income of $0.88M a year ago, with EPS of ($0.23) vs. $0.10. Cash burned through operations was $2.0M, and cash dropped to $0.30M from $2.6M at year-end, though $2.7M was raised post-quarter via ATM. The beverage division showed early traction ($650K revenue, $4M annualized run-rate), but the core business is deteriorating sharply.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $5.49M vs $8.17M YoY (-32.8%)
- Net loss ($2.57M) vs net income $0.88M YoY
- EPS ($0.23) vs $0.10 YoY
- Operating loss ($0.57M) vs operating income $1.95M YoY
- Cash burn from operations $2.0M vs $0.82M YoY
- Cash dropped to $0.30M from $2.6M at Dec 2025
- Working capital deficit of $0.50M vs surplus of $1.78M at Dec 2025
- Beverage revenue $650K (annualized run-rate >$4M) but total revenue still declining
- $2.7M raised post-quarter via ATM equity offering
- Stockholders' deficit widened to ($25.4M) from ($23.1M) at Dec 2025
Financial Impact
Revenue decline of $2.68M YoY; net income swing of ($3.45M) YoY; cash burn accelerating to $2.0M/quarter
Risk Factors
- Cash runway less than one quarter without additional financing
- Core Flat Tummy brand experiencing persistent online sales disruption
- Stockholders' deficit deepening, potential going concern risk
- Dilution from ATM program and potential future equity raises
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-056244 |
| Document: ea0290765-8k_synergy.htm | 0001213900-26-056244 |
| Document: 0001213900-26-056244-index-headers.html | 0001213900-26-056244 |
| Document: 0001213900-26-056244-index.html | 0001213900-26-056244 |
| Document: 0001213900-26-056244.txt | 0001213900-26-056244 |
| 8-K Data (Synthetic) | 0001213900-26-056244 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 5w ago | 8-K | $0.0905 | awaiting T+20 | — | — |
Aug 26, 2026 8w ago | 8-K | $0.0980 | awaiting T+20 | — | — |
Aug 21, 2026 9w ago | 8-K | $0.1009 $0.0905 | ▲ +10.31% | ▲ +9.78% | — |
Aug 21, 2026 9w ago | Press Release | $0.1009 $0.0905 | ▲ +10.31% | ▲ +9.78% | — |
Jun 29, 2026 17w ago | 8-K | $0.1985 $0.1679 | ▲ +15.42% | ▲ +14.39% | — |
May 26, 2026 22w ago | EFFECT | $0.2650 $0.2150 | ▲ +18.87% | ▲ +16.92% | — |
May 18, 2026 23w ago | 8-K | $0.2760 $0.1941 | ▲ +29.67% | ▲ +31.26% | — |
May 15, 2026 23w ago | S-1 | $0.2760 $0.1941 | ▲ +29.67% | ▲ +31.26% | — |
May 14, 2026 23w ago | 8-K | $0.2750 $0.1960 | ▲ +28.73% | ▲ +27.87% | — |
May 14, 2026 23w ago | Press Release | $0.2750 $0.1960 | ▲ +28.73% | ▲ +27.87% | — |
US Market Status
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