Niagen Bioscience Q2 net sales fall, missing estimates
Niagen Bioscience Q2 net sales fall, missing estimates
Overview
U.S. bioscience firm's Q2 net sales declined and missed analyst expectations
Q2 net income was $1.0 mln, down from $3.6 mln a year earlier
Company launched pharmaceutical program for rare diseases and at-home telehealth platform
Outlook
Company expects 2026 e-commerce business to grow 10% to 15% year-over-year
Ingredient business expected to be lower than prior year due to competitive market
Company anticipates higher 2026 operating expenses as it invests in strategic priorities
Result Drivers
DIRECT-TO-CONSUMER GROWTH - Co said direct-to-consumer sales on its website grew 23% year-over-year, led by Tru Niagen
NEW BUSINESS INITIATIVES - Co launched Niagen Plus telehealth platform and pharmaceutical program targeting rare genetic diseases and aging disorders
Company press release: ID:nBw6D3vsJa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $29.79 mln | $30.69 mln (6 Analysts) |
Q2 Net Income |
| $963,000 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for Niagen Bioscience Inc is $11.00, about 211.6% above its August 3 closing price of $3.53
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
Aug 4 - Lipocine Q2 net loss widens as revenue declines
Aug 4 - Palvella Therapeutics Q2 net loss widens on higher expenses
Aug 3 - Stoke Therapeutics Q2 revenue falls 33% on lower collaboration, licensing income
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Niagen Bioscience
See all newsAs weight-loss drug users turn to dietary supplements, doctors, regulators raise flags
Niagen Bioscience Inc reports results for the quarter ended June 30 - Earnings Summary
Niagen Bioscience Q2 net sales fall, missing estimates
Niagen Bioscience Inc expected to post earnings of 2 cents a share - Earnings Preview
U.S. STOCKS ON THE MOVE-SpaceX, Sandisk, Salesforce