LOS ANGELES (AP) — LOS ANGELES (AP) — ChromaDex Inc. (CDXC) on Wednesday reported a loss of $1.4 million in its fourth quarter.
The Los Angeles-based company said it had a loss of 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The natural products company posted revenue of $21 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $21.1 million.
For the year, the company reported that its loss narrowed to $16.5 million, or 24 cents per share. Revenue was reported as $72.1 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.83. A year ago, they were trading at $2.60.
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