Fubotv earnings beat by $0.10, revenue topped estimates
Ross Jack, CEO and Chairman of Synergy CHC Corp . (NASDAQ:SNYR), has made a series of purchases of the company’s common stock, according to a recent SEC filing. Over several transactions from June 2 to June 10, Jack acquired a total of 16,100 shares, amounting to $29,837. The shares were bought at prices ranging from $1.74 to $2.17 per share. The company, currently trading at a P/E ratio of 6.47 with impressive gross profit margins of 69%, appears undervalued according to InvestingPro analysis, which identifies 12 additional bullish indicators for the stock.
These acquisitions increase Jack’s direct ownership to 382,607 shares. Additionally, through various entities, he holds indirect stakes in the company, including shares owned by Rosscor Brands Corp., Gowan Private Equity Inc., Dunhill Distribution Group, Inc., and Gowan Capital Inc. The timing of these purchases is notable, as the stock has fallen significantly over the past six months but shows strong recent momentum, delivering a 1,665% return over the past year.
In other recent news, Synergy CHC Corp reported a 30% increase in earnings per share for the first quarter of 2025, despite a 13% decline in net revenue compared to the previous year. The company achieved a gross margin of 75.4%, up from 72% in the prior year, and reduced operating expenses by 15%, reflecting improved cost efficiency. Synergy CHC also secured a $20 million term loan with ACP Agency, LLC, which will be used to pay down existing debt and support growth initiatives. The loan includes an interest-only period through 2025, with principal repayments commencing in 2026. Additionally, Synergy CHC appointed Erik Shields as Vice President of Beverage to lead the expansion of its Focus + Energy Drinks under the FOCUSfactor brand. This appointment is part of the company’s strategy to capitalize on the growing demand for functional beverages. Synergy CHC is also advancing its international expansion plans, with revenue from operations in Mexico expected by the third quarter and from a UAE licensing agreement by the fourth quarter of 2025.
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