IRVINE, Calif.—ChromaDex Corp. (OTC BB:CDXC) released the results of its 2009 fiscal year (FY09). While revenue was up by more than 28 percent over FY08 figures, hitting almost $5.78 million, the company recorded a slight net loss of $0.03 per share. The company’s net loss of $907,568 for FY09 compared to a loss of more than $2.1 million in 2008, due to expenses in 2008 related to the reverse merger acquisition of Cody Resources.
Frank Jaksch, CEO and co-founder of ChromaDex, stated, “2009 was a strong year for ChromaDex as we continued to grow our core business. Going into 2010, we feel that our product and service offerings will be in greater demand as the economy recovers and food, beverage, personal care and nutrition companies increase their focus on natural products and green chemistry.”
ChromaDex develops phytochemical and botanical reference standards and creates associated intellectual property.
