Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 6, 2024

CHROMADEX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-37752

26-2940963

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

10900 Wilshire Blvd. Suite 600, Los Angeles, California 90024

(Address of principal executive offices, including zip code)

(310) 388-6706

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	CDXC	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On March 6, 2024, ChromaDex Corporation (the “Company”) issued a press release announcing its financial results for the fourth quarter and the year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, unless expressly incorporated by specific reference in such filing.

Item 7.01. Regulation FD Disclosure.

On March 6, 2024, the Company released a corporate presentation which it made available on its website. A copy of the corporate presentation is attached hereto as Exhibit 99.2.

The information in this Item 7.01, including Exhibit 99.2, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit Number						Description

99.1						Press Release dated March 6, 2024
99.2						Investor Presentation of ChromaDex Corporation
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	CHROMADEX CORPORATION

Dated: March 6, 2024	By:	/s/ Brianna L. Gerber
		Name: Brianna L. Gerber
		Chief Financial Officer

EXHIBIT 99.1

ChromaDex Corporation Reports Fourth Quarter and Fiscal Year 2023 Results

Fourth quarter net sales of $21.2 million, gross margin of 61.0%, and net income of $0.1 million. Full year net sales of $83.6 million, up 16% from the prior year, gross margin of 60.8%, net loss of only $4.9 million, positive Adjusted EBITDA of $1.9 million and positive operating cash flows.

LOS ANGELES, CA - March 6, 2024 - ChromaDex Corp. (NASDAQ:CDXC) today announced fourth quarter and fiscal year 2023 financial results.

Fourth Quarter 2023 and Recent Highlights

•Total net sales of $21.2 million, with $17.6 million from Tru Niagen®, up 1% and 9%, respectively, from the prior year quarter.

•Delivered strong gross margin of 61.0%, an increase of 380 basis points, compared to 57.2% from the prior year quarter.

•Achieved net income of $0.1 million, a $1.5 million improvement from a net loss of $1.4 million in the prior year quarter.

•Adjusted EBITDA, a non-GAAP measure, was a positive $1.2 million, a $0.9 million improvement from the prior year quarter.

•Maintained positive operating cash flows for a fourth consecutive quarter, ending with $27.3 million in cash and no debt.

•In October 2023, launched clinical strength Tru Niagen® Pro 1,000 mg, proven to elevate NAD+ levels by 150% in three weeks.

•In November 2023, phase II clinical study published in the peer-reviewed journal, Movement Disorders, found that supplementation with Niagen® increased whole blood NAD+ levels up to fourfold, improved coordination and eye movement while maintaining biomarkers of stable liver and kidney function in Ataxia Telangiectasia (AT) patients.

•In November 2023, clinical trial published in the peer-reviewed journal, Nature Communications, found that high-dosages of Niagen® induces a potent NAD+ response and is associated with mild improvement in Parkinson's Disease.

Full Year 2023 Highlights

•Delivered on latest financial outlook to investors across all metrics, and exceeded targets for gross margin and general and administrative expense.

•Total net sales of $83.6 million, with $69.5 million from Tru Niagen®, each increasing 16% year-over-year.

•Gross margin of 60.8%, an improvement of 140 basis points from 59.4% in the prior year.

•Selling and marketing expense as a percentage of net sales improved 770 basis points year-over-year.

•General and administrative expense decreased $3.3 million year-over-year.

•Net loss of $4.9 million or $0.07 loss per share, an $11.6 million improvement, or $0.17 per share, year-over-year.

•Adjusted EBITDA, a non-GAAP measure, was a positive $1.9 million, a $11.9 million improvement year-over-year.

•In August 2023, expanded ChromaDex’s worldwide reach launching Tru Niagen® on iHerb, a global destination for supplements.

•In October 2023, Zesty Paws, a prominent name in pet supplements, partnered with ChromaDex to launch a Healthy Aging NAD+ Precursor supplement for pets, featuring Niagen®. This partnership marks the entry into the longevity category for pets and extends the power of Niagen® to animal companions.

•ChromaDex External Research Program (CERP™) celebrated its 10th anniversary, signing more than 275 global research agreements with over 235 independent, expert investigators to uncover the full potential of NAD+ with Niagen®. This research has shown that the health benefits of Niagen® translate from preclinical models to human clinical studies for brain, heart and muscle health with remarkable consistency. Looking to the next 10 years, there is great anticipation for emerging benefits in sensory, infant, maternal and reproductive health to be translated from preclinical to human studies.

“ChromaDex had its strongest year yet, achieving $83.6 million in revenue, up 16% year-over-year, with positive adjusted EBITDA of $1.9 million, and consistent positive operating cash flows each quarter. Additionally, the fourth quarter marked an important milestone with the company achieving positive net income,” said Rob Fried, ChromaDex Chief Executive Officer. “Ending the year with $27.3 million in cash and no debt underscores our financial strength. This solid foundation, paired with continued investments in our future, fuels our optimism as we set the stage for accelerated growth in 2024 and beyond. We're confident in our trajectory and excited about the new market opportunities ahead.”

Results of operations for the three months ended December 31, 2023 compared to the prior year quarter

ChromaDex reported net sales of $21.2 million, an increase of $0.2 million, or 1%. The increase was driven by a $1.5 million increase in Tru Niagen® sales, largely offset by a decline of $1.2 million in Niagen® ingredient sales since the prior year period included a $2.0 million upfront minimum purchase from Nestle Health Science.

Gross margin percentage improved 380 basis points to 61.0%. The increase in gross margin percentage is largely attributable to a shift in business and customer mix and benefits from economies of scale.

Operating expense decreased $0.4 million to $13.1 million driven by a reduction in general and administrative expense of $0.6 million and research and development of $0.1 million, partially offset by $0.3 million of higher selling and marketing expense.

Delivered net income of $0.1 million, translating to $0.00 earnings per share, compared to a net loss of $1.4 million, or $0.02 loss per share in the prior year quarter. Adjusted EBITDA, a non-GAAP measure, was a positive of $1.2 million, a $0.9 million improvement from the fourth quarter of 2022. See “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of non-GAAP measures to net income (loss), the most directly comparable GAAP measure.

Results of operations for the year ended December 31, 2023 compared to the prior year

ChromaDex reported net sales of $83.6 million, an increase of $11.5 million, or 16%, driven by higher Tru Niagen® and ingredient sales of $9.4 million and $2.4 million, respectively, slightly offset by lower analytical and reference standards sales.

Gross margin percentage improved by 140 basis points to 60.8% compared to 59.4% in the prior year. The increase in gross margin percentage is attributable to a shift in customer mix, supply chain management optimization efforts, and benefits from economies of scale.

Operating expense decreased $5.0 million to $56.4 million driven by $3.3 million in lower general and administrative expense paired with a $1.9 million reduction in selling and marketing expense, partially offset by a slight increase in research and development expense.

Net loss was $4.9 million, or $0.07 loss per share, compared to a net loss of $16.5 million, or $0.24 loss per share, in the prior year. Adjusted EBITDA, a non-GAAP measure, was a positive $1.9 million, an improvement of $11.9 million from the prior year. See “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of non-GAAP measures to net loss, the most directly comparable GAAP measure.

Net cash inflow from operating activities was $7.1 million, showing a significant improvement compared to a net cash outflow of $15.1 million in the prior year. This increase is largely due to improvements in net loss of $11.6 million and positive impacts from changes in working capital. ChromaDex ended fiscal year 2023 with $27.3 million in cash and cash equivalents and no debt.

2024 Outlook

Looking forward, for the full year, the Company expects the trajectory of revenue growth to continue, projecting a higher rate of revenue growth than the prior year growth of 16%. This outlook assumes continued revenue growth through our e-commerce business as well as established partnerships, and assumes upside from opportunities with new partnerships, channels, and products. The Company projects that gross margin will improve slightly year-over-year driven by continued supply chain optimization efforts and cost savings, along with overall scale. Moreover, selling and marketing expense will increase in absolute dollars but remain stable as a percentage of net sales, as the Company continues to make focused investments to drive brand awareness and support new market launches, while maintaining efficiency. The Company plans to increase investments in research and development to drive future innovation and expects an increase in general and administrative expense of $1.5 million - $2.5 million to support growth.

Investor Conference Call

A live webcast will be held Wednesday, March 6, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss ChromaDex’s fourth quarter and fiscal year 2023 financial results and provide a general business update.

To listen to the webcast, or to view the earnings press release and its accompanying financial exhibits, please visit the Investor Relations section of ChromaDex’s website at www.ChromaDex.com. The toll-free dial-in information for this call is 1-888-596-4144 with Conference ID: 8584242.

The webcast will be recorded, and will be available for replay via the website from 7:30 p.m. Eastern time on March 6, 2024 to 11:59 p.m. Eastern time on March 13, 2024. The replay of the call can also be accessed by dialing 1-800-770-2030, using the Replay ID: 8584242.

Important Note on Forward Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Statements that are not a description of historical facts constitute forward-looking statements and may often, but not always, be identified by the use of such words as “expects,” “anticipates,” “intends” “estimates,” “plans,” “potential,” “possible,” “probable,” “believes” “seeks,” “may,” “will,” “should,” “could,” “predicts,” “projects,” “continue,” “would” or the negative of such terms or other similar expressions. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the quotation from ChromaDex’s Chief Executive Officer, and statements related to the Company’s 2024 financial outlook including but not limited to revenue growth, gross margin, expenses, and investment plans.

Risks that contribute to the uncertain nature of the forward-looking statements include: inflationary conditions and adverse economic conditions; our history of operating losses and need to obtain additional financing; the growth and profitability of our product sales; our ability to maintain sales, marketing and distribution capabilities; changing consumer perceptions of our products; our reliance on a single or limited number of third-party suppliers; risks of conducting business in China; and the risks and uncertainties associated with our business and financial condition in general, described in our filings with the Securities and Exchange Commission (SEC), including, without limitation, our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q as filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and actual results may differ materially from those suggested by these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement and ChromaDex undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.

About ChromaDex:

ChromaDex Corporation is a global bioscience company dedicated to healthy aging. The ChromaDex team, which includes world-renowned scientists, is pioneering research on nicotinamide adenine dinucleotide (NAD+), an essential coenzyme that is a key regulator of cellular metabolism and is found in every cell of the human body. NAD+ levels in humans have been shown to decline with age, among other factors, and may be increased through supplementation with NAD+ precursors. ChromaDex is the innovator behind the NAD+ precursor nicotinamide riboside (NR), commercialized as the flagship ingredient Niagen®. Nicotinamide riboside and other NAD+ precursors are protected by ChromaDex’s patent portfolio.

The Company delivers Niagen® as the sole active ingredient in its consumer product Tru Niagen® available at www.truniagen.com and through partnerships with global retailers and distributors. The Company also develops and commercializes proprietary-based ingredient technologies and supplies these ingredients as raw materials to the manufacturers of consumer products. The Company further offers natural product fine chemicals, known as phytochemicals, and related research and development services. Follow us on X (formerly Twitter) @ChromaDex and Instagram @TruNiagen and subscribe to our latest news via our website accessible at www.chromadex.com to which ChromaDex regularly posts copies of its press releases as well as additional updates and financial information about the Company.

Contacts:


Investor Relations
+1 (949) 356-1620
InvestorRelations@ChromaDex.com

Media Relations
Kendall Knysch
Director of Media Relations
+1 (310) 388-6706 Ext. 689
Kendall.Knysch@ChromaDex.com

ChromaDex Corporation and Subsidiaries

Consolidated Statements of Operations


	Three Months Ended December 31,				Year Ended December 31,
	2023		2022		2023		2022
(In thousands, except per share data)
Sales, net	$	21,196	$	20,996	$	83,570	$	72,050
Cost of sales	8,259		8,980		32,790		29,253
Gross profit	12,937		12,016		50,780		42,797
Operating expenses:
Sales and marketing	6,520		6,187		26,438		28,313
Research and development	1,159		1,279		4,958		4,826
General and administrative	5,426		5,994		24,983		28,286
Total operating expenses	13,105		13,460		56,379		61,425
Operating loss	(168)		(1,444)		(5,599)		(18,628)

Other income, net - Employee Retention Tax Credit	—		—		—		2,085
Interest income, net	282		26		661		3
Net income (loss)	$	114	$	(1,418)	$	(4,938)	$	(16,540)

Net income (loss) per share attributable to common stockholders:
Basic	$	—	$	(0.02)	$	(0.07)	$	(0.24)
Diluted	$	—	$	(0.02)	$	(0.07)	$	(0.24)

Weighted average common shares outstanding:
Basic	75,122		73,878		74,985		69,729
Diluted	75,135		73,878		74,985		69,729

ChromaDex Corporation and Subsidiaries

Consolidated Balance Sheets


	December 31,
(In thousands except par values, unless otherwise indicated)	2023		2022
Assets
Current assets:
Cash and cash equivalents, including restricted cash of $152 for both periods presented	$	27,325	$	20,441
Trade receivables, net of allowances of $68 and $122, respectively; Including receivables from Related Party of $2.8 million and $3.1 million, respectively.	5,234		8,482
Inventories	14,525		14,677
Prepaid expenses and other assets	2,450		2,967
Total current assets	49,534		46,567

Leasehold improvements and equipment, net	2,137		2,799
Intangible assets, net	510		671
Right-of-use assets	2,400		3,523
Other long-term assets	383		497
Total assets	$	54,964	$	54,057

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	10,232	$	9,679
Accrued expenses	9,493		7,337
Current maturities of operating lease obligations	691		680
Current maturities of finance lease obligations	11		16
Customer deposits	195		157
Total current liabilities	20,622		17,869
Deferred revenue	3,311		3,955
Operating lease obligations, less current maturities	2,563		3,539
Finance lease obligations, less current maturities	12		22










Total stockholders’ equity	28,456		28,672
Total liabilities and stockholders’ equity	$	54,964	$	54,057

ChromaDex Corporation and Subsidiaries

Consolidated Statements of Cash Flows

The following table presents selected data from our consolidated statements of cash flows for the years presented:


	Year Ended December 31,
(In thousands)	2023		2022
Net cash provided by / (used in):
Operating activities	$	7,117	$	(15,098)
Investing activities	(143)		(334)
Financing activities	(90)		7,654
Net increase (decrease) in cash and cash equivalents	6,884		(7,778)
Cash and cash equivalents beginning of year	20,441		28,219
Cash and cash equivalents at end of year	$	27,325	$	20,441

ChromaDex Corporation and Subsidiaries

Unaudited Reconciliation of Non-GAAP Financial Measures


Reconciliation of Net Loss to Adjusted EBITDA

	Three Months Ended								Full Year 2023
(In thousands)	Q1 2023		Q2 2023		Q3 2023		Q4 2023
Net income (loss), as reported	$	(1,902)	$	(2,191)	$	(959)	$	114	$	(4,938)
Adjustments:
Interest income, net	(66)		(125)		(188)		(282)		(661)
Depreciation	228		232		233		177		870
Amortization of intangibles	41		39		39		39		158
Amortization of right of use assets	171		173		176		157		677
Share-based compensation	1,273		1,324		1,117		1,037		4,751
Severance and restructuring	186		766		86		5		1,043

Adjusted EBITDA	$	(69)	$	218	$	504	$	1,247	$	1,900


Reconciliation of Net Loss to Adjusted EBITDA

	Three Months Ended								Full Year 2022
(In thousands)	Q1 2022		Q2 2022		Q3 2022		Q4 2022
Net loss, as reported	$	(7,740)	$	(6,397)	$	(985)	$	(1,418)	$	(16,540)
Adjustments:
Interest expense (income), net	8		10		5		(26)		(3)
Depreciation	201		212		235		221		869
Amortization of intangibles	49		50		44		43		186
Amortization of right of use assets	299		169		170		191		829
Share-based compensation	1,888		1,296		1,229		1,326		5,739
Severance and restructuring	821		17		181		13		1,032
Other income - Employee Retention Tax Credit	$	—	$	—	$	(2,085)	$	—	(2,085)
Adjusted EBITDA	$	(4,474)	$	(4,643)	$	(1,206)	$	350	$	(9,973)

Non-GAAP Financial Information:

To supplement ChromaDex’s unaudited financial data presented in accordance with generally accepted accounting principles (GAAP), the Company has presented Adjusted EBITDA, a non-GAAP financial measure. ChromaDex believes the presentation of such non-GAAP financial measure provides important supplemental information to management and investors and enhances the overall understanding of the Company’s historical and current financial operating performance. The Company believes disclosure of the non-GAAP financial measure has substance because the excluded expenses are infrequent in nature, are variable in nature or do not represent current cash expenditures. Further, such non-GAAP financial measure is among the indicators the Company uses as a basis for evaluating the Company’s financial performance as well as for planning and forecasting purposes. Accordingly, disclosure of this non-GAAP financial measure provides investors with the same information that management uses to understand the Company’s economic performance year-over-year.

Adjusted EBITDA is defined as net income before (a) interest, (b) depreciation, (c) amortization, (d) non-cash share-based compensation costs, (e) severance and restructuring expense and (f) Other income from the Employee Retention Tax Credit. While ChromaDex believes that this non-GAAP financial measure provides useful supplemental information to investors, there are limitations associated with the use of such measure. This measure is not prepared in accordance with GAAP and may not be directly comparable to similarly titled measures of other companies due to potential differences in the method of calculation. Management compensates for these limitations by relying primarily on the Company’s GAAP results and by using Adjusted EBITDA only supplementally and by reviewing the reconciliation of the non-GAAP financial measure to its most comparable GAAP financial measure.

Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The Company’s non-GAAP financial measure is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company’s consolidated financial statements prepared in accordance with GAAP.

ChromaDex Earnings Conference Call Fourth Quarter 2023 Rob Fried Chief Executive Officer Brianna Gerber Chief Financial Officer Andrew Shao SVP Scientific & Regulatory Affairs Nasdaq: CDXC | March 6, 2024

2 SAFE HARBOR STATEMENT This presentation and other written or oral statements made from time to time by representatives of ChromaDex contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward- looking statements reflect the current view about future events. Statements that are not historical in nature, such as 2024 financial outlook, and which may be identified by the use of words like “expects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “possible,” “probable,” “believes,” “seeks,” “may,” “will,” “should,” “could,” “predicts,” “projects,” “continue,” “would” or the negative of these terms and other words of similar meaning, are forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to our expected sales, cash flows, planned investments, and financial performance, business, business strategy, expansion, growth, key drivers (including cost savings and increased investments), products and services we recently offered and their impact on our performance or products and services we may offer in the future and the timing of their development, sales and marketing strategy and capital outlook. Forward-looking statements are based on management’s current expectations and assumptions regarding our business, the economy and other future conditions and are subject to inherent risks, uncertainties and changes of circumstances that are difficult to predict and may cause actual results to differ materially from those contemplated or expressed. We caution you therefore against relying on any of these forward- looking statements. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities Exchange Commission (the “Commission”), and in subsequent filings with the Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in these filings with the Commission. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Important factors that could cause actual results to differ materially from those in the forward looking statements include but are not limited to: inflationary conditions and adverse economic conditions; our history of operating losses and need to obtain additional financing; the growth and profitability of our product sales; our ability to maintain sales, marketing and distribution capabilities; changing consumer perceptions of our products; our reliance on a single or limited number of third-party suppliers; risks of conducting business in China; and the risks and uncertainties associated with our business and financial condition in general. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. About Non-GAAP Financial Measures ChromaDex’s non-GAAP financial measure, Adjusted EBITDA, is defined as net income before interest, depreciation, amortization, non-cash share-based compensation costs, severance and restructuring expense and other income from the Employee Retention Tax Credit. ChromaDex used this non-GAAP measures when evaluating its financial results as well as for internal resource management, planning and forecasting purposes. This non-GAAP measure should not be viewed in isolation from or as a substitute for ChromaDex’s financial results in accordance with GAAP. Reconciliation of this non-GAAP measure to the most directly comparable GAAP measure is attached to this presentation. FDA Disclaimer Statements made in this presentation have not been evaluated by the Food and Drug Administration. ChromaDex products are not intended to diagnose, treat, cure, or prevent any disease. The statements in this presentation are for investor relations and educational purposes only and not intended for consumers or vendors. SAFE HARBOR STATEMENT

3 Q4 2023 & Recent Highlights (1) See slide 11 for the non-GAAP reconciliation In 2023, delivered on business and financial objectives, with solid top-line growth and strong bottom-line results. For 2024, we will build on our momentum with investments in marketing and R&D to support growth and strategic initiatives. • Total company and Tru Niagen® net sales were up 1% and 9% YoY, respectively. • Delivered strong gross margins of 61.0%, a 380 basis point improvement compared to 57.2% in Q4 2022 driven by business and customer mix, as well as benefits from economies of scale. • Achieved net income of $0.1 million, compared to a net loss of $1.4 million in Q4 2022. • Maintained positive operating cash flows for a fourth consecutive quarter, ending with $27.3 million in cash and no debt. • Underlying business, as measured by Adjusted EBITDA(1) was positive $1.2 million, a $0.9 million improvement compared to Q4 2022. • For the full year, generated revenue growth of 16% YoY, strong gross margins of 60.8% and significant efficiencies across the P&L as we transitioned to a leaner, more focused organization. • Delivered across all metrics on latest financial outlook in 2023, exceeding on gross margin and G&A. • Introduced 2024 financial outlook, citing faster expected revenue growth than 2023, with modest P&L efficiencies while investing in innovation and new market launches to build upon our position as a leader in the NAD+ market. • In October 2023, launched clinical strength Tru Niagen® Pro 1,000 mg, proven to elevate NAD+ levels by 150% in three weeks. • Two peer-reviewed clinical studies published in November 2023 provide further support for Niagen®'s role in improving neurological conditions, including one on Ataxia Telangiectasia (AT), and another on Parkinson's Disease, which studied high- dosage Niagen®.

4 Management Team Rob Fried Chief Executive Officer E-commerce & entertainment industry executive Savoy Pictures, Columbia Pictures, Fried Films, FeeIn, WHN, Healthspan Research Brianna Gerber Chief Financial Officer Over 20 years of diverse experience in investment management and finance at the Capital Group, Mattel, and ChromaDex Heather Van Blarcom SVP, Legal & Corporate Secretary Over two decades of industry experience with extensive knowledge of FDA and FTC regulations Andrew Shao SVP, Global Regulatory & Scientific Affairs Over two decades of global nutrition industry experience at Amway, Herbalife Nutrition, and the Council for Responsible Nutrition David Kroes SVP, People Matter(s) Over 20 years of diverse Human Resources experience consulting in companies at various stages of growth to enhance culture, improve productivity, and promote diversity, equity, and inclusion Jason Campbell SVP, Business Development Over 25 years of life science business experience specialized in clinical research, biotechnology, drug discovery and development, and food and nutrition quality and safety

5 Financial Highlights

6 Q4 2023 Net Sales Mix Q4 2022Q4 2023 • Tru Niagen® net sales increased to 83% of net sales in Q4 2023 compared to 77% in Q4 2022(1) • Niagen®-related net sales remained steady at 96% of net sales for Q4 2023 and Q4 2022(2) $ 21.2 MM Higher mix of Tru Niagen® related sales in Q4 2023 compared to the prior year, driven by stronger E-commerce sales and lower Niagen ingredient sales due to Nestlé upfront minimum purchase in Q4 2022. 1. Tru Niagen® net sales include E-commerce, Watson’s/Other B2B 2. Niagen®-related sales include Tru Niagen® and Niagen® ingredient $ 21.0 MM

7 Q4 2023 Net Sales Q4 2023 Net Sales ($ in millions) $17.6 Q4 2023 total net sales up 1% year-over-year driven by growth in E-commerce business, offset by lower B2B and Niagen® Ingredient sales, with the later due to Nestlé's upfront minimum purchase in Q4 2022. YoY % (vs Q4 2022) +20% (14)% (30)% (19)% +16% +1%Total

8 Full Year 2023 Net Sales FY 2023 Net Sales ($ in millions) Total +16% +13% +23% +27% (9)% +29% YoY % (vs FY 2022) $69.5 2023 total net sales increased 16% year-over-year primarily driven by growth in E-commerce business, higher Watson's & Other B2B sales, and strong Niagen® Ingredient sales from new and established partners.

9 2021 – 2023 Net Sales Summary (in millions) 2021 2022 2023 Description Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY E-commerce 9.6 10.6 10.5 11.1 41.8 10.9 12.0 11.3 11.1 45.3 12.2 13.0 12.7 13.3 51.2 Watson's 1.6 2.9 2.6 2.2 9.3 2.6 1.5 2.6 3.3 10.0 3.7 3.0 3.1 3.0 12.8 Other B2B 1.3 1.8 1.6 0.8 5.6 1.4 1.0 0.7 1.7 4.8 1.7 0.9 1.6 1.3 5.5 Total TRU NIAGEN 12.4 15.4 14.8 14.1 56.7 14.9 14.5 14.6 16.1 60.1 17.6 16.9 17.4 17.6 69.5 NIAGEN Ingredient 1.2 1.3 1.7 2.5 6.7 1.1 1.5 1.8 3.9 8.3 3.9 2.5 1.4 2.7 10.5 NIAGEN Related Revenues 13.6 16.7 16.4 16.6 63.4 16.0 16.0 16.4 20.0 68.4 21.5 19.4 18.8 20.3 80.0 Other Ingredients 0.1 0.2 0.1 0.2 0.7 0.3 0.0 0.0 0.1 0.4 0.2 0.2 0.0 0.2 0.6 Analytical Reference Standards & Services 0.9 0.8 0.8 0.9 3.4 0.9 0.7 0.7 0.9 3.2 0.8 0.7 0.7 0.7 2.9 Total Net Sales 14.7 17.7 17.3 17.8 67.4 17.2 16.7 17.1 21.0 72.0 22.5 20.3 19.5 21.2 83.5 TRU NIAGEN as % of Total Net Sales 85 % 87 % 85 % 80 % 84 % 87 % 87 % 85 % 77 % 83 % 78 % 83 % 89 % 83 % 83 % NIAGEN Related Revenues as % of Total Net Sales 93 % 94 % 95 % 94 % 94 % 93 % 96 % 96 % 96 % 95 % 96 % 96 % 96 % 96 % 96 % YOY Growth Rate - Net Sales Total Company 2 % 16 % 22 % 15 % 14 % 18 % (5)% (1)% 18 % 7 % 31 % 21 % 14 % 1 % 16 % NIAGEN Related 4 % 22 % 29 % 14 % 17 % 18 % (4)% (1)% 20 % 8 % 34 % 21 % 15 % 2 % 17 % Total TRU NIAGEN 12 % 31 % 24 % 14 % 20 % 20 % (6)% (1)% 14 % 6 % 18 % 16 % 19 % 9 % 16 %

10 Q4 2023 vs Q4 2022 Key P&L Metrics (in thousands) Q4 2023 Q4 2022 Notes Net Sales $21,196 $20,996 Tru Niagen® business up 9% driven by Ecommerce business, partially offset by lower Watson's and B2B sales. Lower Niagen® ingredient sales primarily attributable to the absence of the upfront Nestlé purchase that contributed to sales in the prior year quarter. Gross Profit % of Net Sales 12,937 61.0% 12,016 57.2% Up 380 bps driven by a shift in business and customer mix, and benefits from economies of scale Sales and Marketing % of Net Sales 6,520 30.8% 6,187 29.5% Slightly lower efficiency as we began to scale marketing investments in Q4 2023 and lower mix of Niagen ingredient sales which require less marketing investment Research and Development 1,159 1,279 Slightly down year-over-year, impacted by the timing of R&D initiatives. Certain strategic investments delayed into Q1 2024. General and Administrative 5,426 5,994 Down year-over-year driven by lower legal and royalty expenses Total Operating Expense 13,105 13,460 Reductions in G&A and R&D expenses, partially offset by higher selling and marketing investments Operating Loss $(168) $(1,444) Reflects higher net sales, improved gross margins and lower total operating expense

11 Adjusted EBITDA Summary ChromaDex Corporation and Subsidiaries Reconciliation of Non-GAAP Finanical Measures (In thousands) Three months ended Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Net income (loss), as reported $ (7,381) $ (5,566) $ (8,856) $ (5,325) $ (7,740) $ (6,397) $ (985) $ (1,418) $ (1,902) $ (2,191) $ (959) $ 114 Adjustments Interest (income) expense 19 12 15 9 8 10 5 (26) (66) (125) (188) (282) Depreciation 221 226 232 211 201 212 235 221 228 232 233 177 Amortization of intangibles 60 61 53 51 49 50 44 43 41 39 39 39 Amortization of right of use assets 126 128 131 126 299 169 170 191 171 173 176 157 Share-based compensation 1,284 1,616 1,822 1,473 1,888 1,296 1,229 1,326 1,273 1,324 1,117 1,037 Severance and restructuring (10) 13 342 6 821 17 181 13 186 766 86 5 Other income - Employee Retention Tax Credit — — — — — — (2,085) — — — — — Adjusted EBITDA $ (5,681) $ (3,510) $ (6,261) $ (3,449) $ (4,474) $ (4,643) $ (1,206) $ 350 $ (69) $ 218 $ 504 $ 1,247 Q4 2023 Adjusted EBITDA was a positive $1.2 million, a $0.9 million improvement from the prior year quarter driven by higher sales and gross margins and lower overall operating expenses. Company delivered positive net income in Q4 2023.

12 Adjusted EBITDA 2023 vs 2022 ChromaDex Corporation and Subsidiaries Reconciliation of Non-GAAP Finanical Measures (In thousands) Year Ended December 31, Change2022 2023 Net loss, as reported $ (16,540) $ (4,938) $ 11,602 Adjustments Interest (income) expense (3) (661) (658) Depreciation 869 870 1 Amortization of intangibles 186 158 (28) Amortization of right of use assets 829 677 (152) Share-based compensation 5,739 4,751 (988) Severance and restructuring 1,032 1,043 11 Other income - Employee Retention Tax Credit (2,085) — 2,085 Adjusted EBITDA $ (9,973) $ 1,900 $ 11,873 2023 Adjusted EBITDA was a positive $1.9 million, an improvement of $11.9 million from the prior year largely driven by improvements in our net loss as we achieved higher sales and lower operating expenses.

13 Q4 2023 Operating Loss vs Q4 2022 (in millions) +$1.5MM$(0.3)MM

14 Quarterly Balance Sheet Highlights Reflects disciplined cash management and optimization measures throughout 2023, while continuing to invest in key areas to support both immediate and long term growth objectives. (in thousands) 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22 3/31/23 6/30/23 9/30/23 12/31/23 Key Drivers (December 31 2023 vs 2022) Cash $28,219 $20,993 $17,072 $13,262 $20,441 $23,141 $26,406 $26,773 $27,325 Up $6.9 million driven by cash provided from operating activities Inventory 13,601 15,307 15,753 15,636 14,677 11,908 11,973 12,624 14,525 Down $0.2 million driven by improvements in inventory management, offset by higher sales requiring greater inventory on-hand Trade Receivables 5,226 6,310 4,228 4,744 8,482 9,221 6,118 5,601 5,234 Down $3.2 million driven by mix of customer sales and timing of collections, including absence of $2.0MM Nestlé upfront purchase in 2022 Accrued Expenses 6,481 8,126 6,696 6,756 7,337 8,610 8,079 9,193 9,493 Up $2.2 million driven by changes in expenses and accrual for employee bonuses Accounts Payable 10,423 9,780 10,197 9,119 9,679 8,951 10,031 9,198 10,232 Up $0.6 million driven by changes in inventory, advertising and other expenses Equity $31,727 $25,877 $20,778 $21,023 $28,672 $28,017 $27,150 $27,308 $28,456 Down $0.2 million driven by net loss, partially offset by share-based compensation

15 Quarterly Cash Flow Highlights (in thousands) FY 2021 3/31/22 6/30/22 9/30/22 12/31/2022 FY 2022 3/31/23 6/30/23 9/30/23 12/31/2023 FY 2023 Net Income (Loss) $(27,128) $(7,740) $(6,397) $(985) (2) $(1,418) $(16,540) (2) $(1,902) $(2,191) $(959) $114 $(4,938) Working Capital (4,915) (1,923) 923 (4,461) (2) (466) (5,927) (2) 2,644 3,401 (422) (417) 5,206 Cash From / (Used for) Operations (24,163) (7,198) (3,832) (3,740) (328) (15,098) 2,792 3,280 396 649 7,117 Cash Used for Investing (409) (25) (85) (52) (172) (334) (91) (5) (26) (21) (143) Cash From / (Used for) Financing 36,094 (1) (3) (4) (18) 7,679 (3) 7,654 (3) (1) (10) (3) (76) (90) Net Increase / (Decrease) in Cash $11,522 $(7,226) $(3,921) $(3,810) $7,179 $(7,778) $2,700 $3,265 $367 $552 $6,884 Ending Cash Balance $28,219 $20,993 $17,072 $13,262 $20,441 $20,441 $23,141 $26,406 $26,773 $27,325 $27,325 Successfully delivered positive net cash flows from operating activities in every quarter of 2023. 1. Includes $27.2 million in proceeds from the sale of common stock, net of $428,000 issuance costs and includes $9.5 million in proceeds from exercise of stock options. 2. Includes $2.1 million related to the Employee Retention Tax Credit (no net cash flow impact). 3. Includes $7.7 million in proceeds from the sale of common stock, net of $353,000 issuance costs.

16 2023 Full Year Outlook Recap (in thousands) 2022 Actual 2023 Outlook (1) 2023 Actual Comments Achieved?(2) Net Sales $72,050 Between 14% - 16% growth $83,570 Total net sales grew by +16% ✓ Gross Margin % (as a % of net sales) 59.4% Stable YoY 60.8% Improved 140 bps ✓ Selling, Marketing & Advertising (as a % of net sales) 39.3% Down as a % of net sales 31.6% Down 770 bps as a % of net sales ✓ Research & Development $4,826 Up in absolute dollars YoY $4,958 Up $0.1 million ✓ General & Administrative $28,286 Flat to down $1 million YoY $24,983 Down $3.3 million ✓ Adjusted EBITDA $(9,973) Outlook not provided $1,900 Improvement of $11.9 million N/A Company delivered on its latest financial outlook across all metrics and exceeded targets for gross margin % and G&A expense. 1. 2023 Outlook as presented on Q3 2023 earnings call. 2. Compares 2023 actuals to 2023 Outlook.

17 2024 Financial Outlook (in thousands) 2022 Actual 2023 Actual 2024 Full Year Outlook Key Drivers Net Sales $72,050 $83,570 Higher YoY growth compared to FY 2023 growth of +16% • Includes growth from e-commerce business, recurring revenues from established partnerships • Includes revenues from new partnerships, new channels, and new product launches Gross Margin % (as a % of net sales) 59.4% 60.8% Slight improvement YoY • Continued supply chain optimization and cost savings initiatives, building on 2023 progress Selling, Marketing & Advertising (as a % of net sales) 39.3% 31.6% Up in absolute dollars and stable as a % of net sales YoY • Focused and optimized investments to drive Tru Niagen® brand awareness, and support new market launches, while maintaining efficiency Research & Development $4,826 $4,958 Up in absolute dollars YoY • Increased investment in new innovations that are close to launch, along with new NAD precursor development and future innovation General & Administrative $36,379 $24,983 Up $1.5 to $2.5 million in absolute dollars YoY • Increased infrastructure investments and legal expense to support growth of existing business, along with new market launches. Will remain disciplined in overall spending as we scale. Continued solid revenue growth in 2024, with focused investments to support brand building initiatives and new market launches, along with R&D investments to drive future innovation and growth. Disciplined focus on top- and bottom-line.

The information contained in this documents is confidential, privileged and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent (2019) The Science 18

19 • Three new human trials on nicotinamide riboside registered since prior update:¹ ▪ Haukeland University Hospital (December 2023) • The objective is to test whether NR is a neuroprotective therapy for atypical parkinsonism (APS). • This trial builds on the promising outcomes of previous NAD-replenishment trials which demonstrated NR’s dose-dependent anti-Parkinson’s effect and its potential as a neuroprotective therapy. • 330 participants will receive 3000 mg NR daily for 78 weeks. ▪ Haukeland University Hospital (January 2024) • The objective is to investigate the potential of NR to slow down functional decline in the elderly frail population by exploring its effects on brain and body metabolism. • This study aims to extend the institution's research on NR's effectiveness beyond Parkinson's disease to elderly, frail individuals without neurodegenerative disorders. • 100 participants will receive 2000 mg NR daily for one year. ▪ University of South Alabama (January 2024) • The objective is to explore whether there is a harmful interaction between acetaminophen and stressors similar to those experienced in space. Both can cause oxidative stress and release toxins throughout the body, potentially disrupting cellular function in various tissues. • The investigators aim to see if NR can mitigate some of these negative effects by reducing the production of toxins when acetaminophen is taken. • 40 participants will receive a single dose of 1000 mg Tylenol® with or without 250 mg NR. • Eight new research studies were signed through ChromaDex External Research Program (CERP).² (1) There are 91 ongoing, completed, and published clinical studies currently registered on clinicaltrials.gov to investigate the pharmacokinetics and therapeutic effects of NR alone or in combination with other ingredients. 72 of these use NR only. Clinicaltrials.gov also includes two niacin studies and one device monitoring registry for a total of 94 under the search term “nicotinamide riboside.” (As of February 9, 2024) (2) 275+ research collaborations for Niagen® signed with research institutes and universities around the world. More than 90% of the studies are investigator-initiated and were developed to support applications for or receipt of third-party funding. The studies may not have been initiated if investigators were unable to secure funding. Science Continues to Expand

20 • GeroScience – Orr et al., 2023 – “A Randomized Placebo-Controlled Trial of Nicotinamide Riboside in Older Adults with Mild Cognitive Impairment” – October 2023 • The study assessed the safety and efficacy of NR supplementation on cognition, brain volume and functioning, and physical function in primarily Hispanic older adults with mild cognitive impairment (MCI). • NR resulted in a 139% increase in blood NAD+ and its associated metabolites. • NR-treated subjects showed decreased cerebral blood flow, particularly in the default mode network (DMN), suggesting less degeneration in brain regions that typically require higher blood flow. • Cognitive function measures remained stable in both NR and placebo groups throughout the study. • Global methylation analyses trended towards a modest NR-associated increase in DNA methylation. • This is the first study to directly investigate the safety profile of NR on cognition and brain function in older adults with MCI. • Nature Communications – Berven et al., 2023 – “NR-SAFE: A Randomized, Double-Blind Safety Trial of High Dose Nicotinamide Riboside in Parkinson’s Disease” – November 2023 • The study examined the safety of high-dose NR supplementation, as well as assessed its short-term tolerability and impact on NAD+ and clinical severity in patients with Parkinson’s Disease (PD). • High-dose NR supplementation was safe and well-tolerated with no related adverse events. • NR significantly increased NAD+ levels and modified the NAD metabolome. • High-dose NR did not alter whole blood homocysteine, or other major methyl donor groups, suggesting no impact on methyl donor group pool. • NR was associated with improved clinical symptoms of PD, as measured by the Movement Disorder Society Unified Parkinson’s Disease Rating Scale (MDS-UPDRS), suggesting augmenting NAD+ levels may have a symptomatic anti-Parkinson’s effect. • This is the first study to investigate the safety of high-dose NR at 3000 mg/day. Recent Peer-Reviewed Clinical Publications

21 Scientific Advisory Board Charles Brenner, Ph.D. Alfred E Mann Family Foundation Chair, Department of Diabetes & Cancer Metabolism City of Hope World's Foremost Authority on NAD Metabolism Roger Kornberg, Ph.D. Chairman Professor of Structural Biology Stanford University Nobel Prize Winner, Chemistry, 2006 Rudolph Tanzi, Ph.D. Kennedy Professor of Neurology Harvard University Leading Alzheimer's Researcher, TIME 100 Most Influential 2015 Dr. Bruce German Chairman of Food, Nutrition, & Health University of California, Davis Leader in Food, Nutrition, & Wellness Innovation Professor Sir John Walker, Ph.D. Emeritus Director, MRC Mitochondrial Biology University of Cambridge Nobel Prize Winner, Chemistry, 1997 Brunie H. Felding, Ph.D. Associate Professor of Molecular Medicine Scripps Research Institute Renowned Breast Cancer Researcher focused on NAD+ supplementation Dr. David Katz President of True Health Initiative CEO of Diet ID World renowned physician & preventive medicine expert Dr. Vilhelm (Will) Bohr, M.D., Ph.D., D.Sc. Professor in Genome Instability and Neurodegeneration, Department of Cellular and Molecular Medicine, University of Copenhagen. One of the world’s most published researchers on aging and neurodegenerative disease NOBEL PRIZE WINNERS | CHEMISTRY

22 Clinical Studies on Niagen® in Multiple Health Areas Note: highlighted achievements in duration, participation and dosage only consider completed studies.

23 Contact Info: T: +1(949) 356-1620 InvestorRelations@ChromaDex.com www.chromadex.com Where to buy TRU NIAGEN® TruNiagen.com Amazon.com

Cover	Mar. 06, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Mar. 06, 2024
Entity Registrant Name	CHROMADEX CORPORATION
Entity Incorporation, State or Country Code	DE
Entity File Number	001-37752
Entity Tax Identification Number	26-2940963
Entity Address, Address Line One	10900 Wilshire Blvd.
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90024
City Area Code	(310)
Local Phone Number	388-6706
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	CDXC
Entity Emerging Growth Company	false
Entity Central Index Key	0001386570
Amendment Flag	false