11th Consecutive Quarter of Profitability
Synergy reported its 11th consecutive quarter of profitability, showcasing continued operational discipline and focused execution.
Revenue Growth and Expansion
Net revenue increased by 12.4% year-over-year, reaching $8 million compared to $7.1 million in the previous year. The company also expanded its retail footprint significantly.
Gross Margin Improvement
Gross margin increased to 70.9% from 67.2% in the same quarter last year, driven by a favorable shift in product mix.
Strategic Leadership Additions
New leadership additions, including Teresa Thompson and Bob Anderson, aim to support expanding operations and optimize distribution.
Functional Beverage and Supplement Expansion
Secured major distribution wins for functional beverages and expanded the FOCUSfactor supplement brand both domestically and internationally.
Equity Capital Raised
Raised $4.4 million of equity capital to support retail rollouts, inventory buildup, and marketing initiatives.