cdxc-20220512

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 12, 2022

CHROMADEX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-37752

26-2940963

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

10900 Wilshire Blvd. Suite 600, Los Angeles, California 90024

(Address of principal executive offices, including zip code)

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	CDXC	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 12, 2022, ChromaDex Corporation (the “Company”) issued a press release announcing its earnings for the quarter ended March 31, 2022. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02 and the exhibit hereto are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 7.01. Regulation FD Disclosure.

On May 12, 2022, the Company released a corporate presentation which it made available on its website. A copy of the corporate presentation is attached hereto as Exhibit 99.2.

The information in this Item 7.01 and the exhibit hereto are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.


Exhibit Number						Description

99.1						Press Release dated May 12, 2022
99.2						Investor Presentation of ChromaDex Corporation
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	CHROMADEX CORPORATION

Dated: May 12, 2022	By:	/s/ Kevin M. Farr
		Name: Kevin M. Farr
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

ChromaDex Corporation Reports First Quarter 2022 Financial Results

Total net sales of $17.3 million for the three months ended March 31, 2022, up 18% from the prior year, with $14.9 million from Tru Niagen® and gross margin of 61.0% for the quarter.

LOS ANGELES, CA - May 12, 2022 - ChromaDex Corp. (NASDAQ:CDXC) today announced financial results for the first quarter of 2022.

First Quarter 2022 and Recent Highlights

•Total net sales were $17.3 million, up 18% from the prior year quarter.

•Tru Niagen® net sales were $14.9 million, a 20% increase from the prior year quarter.

•In April 2022, the ChromaDex External Research Program (CERP) achieved its 250th material transfer agreement since 2013, resulting in over 100 peer-reviewed preclinical and clinical studies, many including the study of Niagen® and its impact on healthy aging.

•Clinical study published in Cell Metabolism revealed NR as a potential neuroprotective therapy for Parkinson’s Disease (PD) patients, warranting further investigation in additional trials. Two additional studies are underway, including a 400 patient study at 1,000 milligrams per day, and a 20 patient study at 3,000 milligrams per day.

•Launched new consumer product, Tru Niagen® Immune, a first-of-its kind combination of immune-boosting nutrition with ChromaDex’s proprietary NAD+ boosting ingredient Niagen®, beginning April 2022.

•Granted additional U.S. continuation patent to protect the novel manufacturing process of NR and its various salt forms, which now cover NR Chloride, NR Malate, and NR Tartrate salts, through 2037.

“We delivered solid financial results in the first quarter, while strengthening our patent portfolio, and announcing dramatic new scientific research on Niagen(R),” said CEO, Rob Fried. “Following the quarter, we launched Tru Niagen(R) Immune and ramped up our new TV campaign to encouraging early results.”

Results of operations for the three months ended March 31, 2022 compared to the prior year quarter

For the three months ended March 31, 2022 (“Q1 2022”), ChromaDex reported net sales of $17.3 million, up $2.6 million or 18% compared to the first quarter of 2021 (“Q1 2021”). The increase in Q1 2022 revenues was largely driven by growth in sales of Tru Niagen® (primarily e-commerce) paired with slight growth in ingredient sales.

Gross margin percentage declined to 61.0% in Q1 2022 compared to 62.9% in Q1 2021 primarily due to business mix and increases in supply chain headcount to scale the business.

Operating expenses increased by $1.7 million to $18.3 million in Q1 2022, compared to $16.6 million in Q1 2021. The increase in operating expenses was driven by $2.0 million of higher selling and marketing expenses partially offset by a $0.6 million decrease in general and administrative expense. The increase in selling and marketing expenses are largely due to brand building activities, including new Tru Niagen® television campaign.

The net loss for Q1 2022 was $7.7 million or $(0.11) per share compared to a net loss of $7.4 million or $(0.12) per share for Q1 2021. Adjusted EBITDA including legal expense, a non-GAAP measure, delivered a loss of $4.5 million for Q1 2022, a $1.2 million improvement from Q1 2021. Adjusted EBITDA excluding legal expense, a non-GAAP measure, was a loss of $2.1 million for Q1 2022. See “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of non-GAAP Adjusted EBITDA excluding legal expense to net loss, the most directly comparable GAAP measure.

For Q1 2022, the net cash outflow from operating activities was $7.2 million, compared to $5.4 million in Q1 2021 largely due to changes in working capital.

2022 Full Year Outlook

Looking forward, for the full year, the Company expects 15-20% revenue growth, driven by its global e-commerce business, as well as growth with existing and new strategic partners. The outlook does not include revenue upside from potential new partnerships in the pipeline. The outlook contemplates continued COVID-19 headwinds for international partners. The Company expects slightly better than 60% gross margin and a reduction in general and administrative expense of $5.0 to $6.0 million, as reported, for full year 2022, driven by lower legal expense. The Company expects to increase investments and resources to drive brand awareness and accelerate its research and development pipeline to capitalize on growth in the nicotinamide adenine dinucleotide (NAD+) market globally. Accordingly, the Company expects an increase in research and development expense of approximately $2.0 million. Selling and marketing expense is expected to be up in absolute dollars, but down slightly as a percentage of net sales, year-over-year.

Investor Conference Call

A live webcast will be held Thursday, May 12, 2022 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss ChromaDex’s first-quarter financial results and provide a general business update.

To listen to the webcast, or to view the earnings press release and its accompanying financial exhibits, please visit the Investors Relations section of ChromaDex’s website at http://chromadex.com. The toll-free dial-in information for this call is 1-888-330-2446 with Conference ID: 4126168.

The webcast will be recorded, and will be available for replay via the website from 7:30 p.m. Eastern time on May 12, 2022 to 11:59 p.m. Eastern time on May 19, 2022. The replay of the call can also be accessed by dialing 800-770-2030, using the Replay ID: 4126168.

Important Note on Forward Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Statements that are not a description of historical facts constitute forward-looking statements and may often, but not always, be identified by the use of such words as “expects,” “anticipates,” “intends” “estimates,” “plans,” “potential,” “possible,” “probable,” “believes” “seeks,” “may,” “will,” “should,” “could,” “predicts,” “projects,” “continue,” “would” or the negative of such terms or other similar expressions. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the quotation from ChromaDex’s Chief Executive Officer, and statements related to the Company’s 2022 financial outlook including but not limited to revenue growth, gross margin, expenses, and investment plans. Other risks that contribute to the uncertain nature of the forward-looking statements include: the impact of the COVID-19 pandemic on our business and the global economy; our history of operating losses and need to obtain additional financing; the growth and profitability of our product sales; our ability to maintain sales, marketing and distribution capabilities; changing consumer perceptions of our products; our reliance on a single or limited number of third-party suppliers; and the risks and uncertainties associated with our business and financial condition in general, described in our filings with the Securities and Exchange Commission (SEC), including, without limitation, our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q as filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and actual results may differ materially from those suggested by these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement and ChromaDex undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.

ChromaDex Corporation is a global bioscience company dedicated to healthy aging. The ChromaDex team, which includes world-renowned scientists, is pioneering research on nicotinamide adenine dinucleotide (NAD+), an essential coenzyme that is a key regulator of cellular metabolism and is found in every cell of the human body. NAD+ levels in humans have been shown to decline with age, among other factors, and may be increased through supplementation with NAD+ precursors. ChromaDex is the innovator behind NAD+ precursor nicotinamide riboside (NR), commercialized as the flagship ingredient Niagen®. Nicotinamide riboside and other NAD+ precursors are protected by ChromaDex’s patent portfolio.

The Company delivers Niagen® as the sole active ingredient in its consumer product Tru Niagen® available at www.truniagen.com and through partnerships with global retailers and distributors. The Company also develops and commercializes proprietary-based ingredient technologies and supplies these ingredients as raw materials to the manufacturers of consumer products. The Company further offers natural product fine chemicals, known as phytochemicals, and related research and development services. Follow us on Twitter @ChromaDex and Instagram @TruNiagen and subscribe to our latest news via our website accessible at www.chromadex.com to which ChromaDex regularly posts copies of its press releases as well as additional updates and financial information about the Company.


Investor Relations			Media Relations
Brianna Gerber			Kendall Knysch
Vice President of Finance and Investor Relations			Director of Media Relations
949-419-0288 ext. 127			310-388-6706 ext. 689
briannag@chromadex.com			kendall.knysch@chromadex.com

ChromaDex Corporation and Subsidiaries

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except per share data)


	Three Months Ended March 31,
	2022		2021

Sales, net	$	17,259	$	14,683
Cost of sales	6,727		5,449
Gross profit	10,532		9,234
Operating expenses:
Sales and marketing	8,237		6,258
Research and development	1,078		787
General and administrative	8,949		9,551
Total operating expenses	18,264		16,596
Operating loss	(7,732)		(7,362)

Interest expense, net	(8)		(19)
Net loss	$	(7,740)	$	(7,381)

Basic and diluted loss per share attributable to common stockholders:	$	(0.11)	$	(0.12)

Basic and diluted weighted average common shares outstanding	68,314		64,164

ChromaDex Corporation and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

(In thousands except par values, unless otherwise indicated)


	Mar 31, 2022		Dec 31, 2021

Assets
Current assets:
Cash, including restricted cash of $0.2 million as of both dates	$	20,993	$	28,219
Trade receivables, net of allowances of $54 and $65, respectively; Including receivables from Related Party of: $2.3 million and $2.1 million, respectively.	6,310		5,226
Inventories	15,307		13,601
Prepaid expenses and other assets	1,913		1,859
Total current assets	44,523		48,905

Leasehold improvements and equipment, net	2,940		3,003
Intangible assets, net	808		857
Right-of-use assets	4,053		4,352
Other long-term assets	606		723
Total assets	$	52,930	$	57,840
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	9,780	$	10,423
Accrued expenses	8,126		6,481
Current maturities of operating lease obligations	630		528
Current maturities of finance lease obligations	17		20
Customer deposits	141		161
Total current liabilities	18,694		17,613
Deferred revenue	4,346		4,346
Operating lease obligations, less current maturities	4,013		4,154

Total liabilities	27,053		26,113

Commitments and Contingencies

Equity
ChromaDex Corporation and subsidiaries stockholders' equity:
Common stock, $0.001 par value; authorized 150,000 shares; 68,149 shares and 68,126 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively.	68		68
Additional paid-in capital	202,502		200,614
Accumulated deficit	(176,693)		(168,953)
Cumulative translation adjustments	—		(2)
Total stockholders’ equity	25,877		31,727
Total liabilities and stockholders’ equity	$	52,930	$	57,840

ChromaDex Corporation and Subsidiaries

Unaudited Reconciliation of Non-GAAP Financial Measures


Reconciliation of Net Loss to Adjusted EBITDA including legal expense and Adjusted EBITDA excluding legal expense

	Q1 2022		Q4 2021		Q3 2021		Q2 2021		Q1 2021

Net loss, as reported	$	(7,740)	$	(5,325)	$	(8,856)	$	(5,566)	$	(7,381)
Adjustments:
Interest expense, net	8		9		15		12		19
Depreciation	201		211		232		226		221
Amortization of intangibles	49		51		53		61		60
Amortization of right of use assets	299		126		131		128		126
Share-based compensation	1,888		1,473		1,822		1,616		1,284
Severance and restructuring	821		6		342		13		(10)
Adjusted EBITDA including legal expense	$	(4,474)	$	(3,449)	$	(6,261)	$	(3,510)	$	(5,681)

Legal expense	2,341		1,626		5,640		4,150		5,010

Adjusted EBITDA excluding legal expense	$	(2,133)	$	(1,823)	$	(621)	$	640	$	(671)

Non-GAAP Financial Information:

To supplement ChromaDex’s unaudited financial data presented in accordance with generally accepted accounting principles (GAAP), the Company has presented Adjusted EBITDA including legal expense and Adjusted EBITDA excluding legal expense, both non-GAAP financial measures. ChromaDex believes the presentation of these non-GAAP financial measures provides important supplemental information to management and investors and enhances the overall understanding of the Company’s historical and current financial operating performance. The Company believes disclosure of non-GAAP financial measures has substance because the excluded expenses are infrequent in nature, are variable in nature or do not represent current cash expenditures. Further, these non-GAAP financial measures are among the indicators the Company uses as a basis for evaluating the Company’s financial performance as well as for planning and forecasting purposes. Accordingly, disclosure of these non-GAAP financial measures provides investors with the same information that management uses to understand the Company’s economic performance year-over-year.

Adjusted EBITDA including legal expense and Adjusted EBITDA excluding legal expense are defined as net income before (a) interest, (b) depreciation, (c) amortization, (d) non-cash share-based compensation costs, (e) severance and restructuring expense and (f) legal expense. While ChromaDex believes that these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these measures. These measures are not prepared in accordance with GAAP and may not be directly comparable to similarly titled measures of other companies due to potential differences in the method of calculation. Management compensates for these limitations by relying primarily on the Company’s GAAP results and by using Adjusted EBITDA including legal expense and Adjusted EBITDA excluding expense only supplementally and by reviewing the reconciliation of the non-GAAP financial measure to its most comparable GAAP financial measure.

Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The Company’s non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company’s consolidated financial statements prepared in accordance with GAAP.

ChromaDex Earnings Conference Call First Quarter 2022 Rob Fried Chief Executive Officer Frank Jaksch Co-Founder / Executive Chairman Kevin Farr Chief Financial Officer Nasdaq: CDXC | May 2022

SAFE HARBOR STATEMENT This presentation and other written or oral statements made from time to time by representatives of ChromaDex contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements reflect the current view about future events. Statements that are not historical in nature, such as 2022 financial outlook, and which may be identified by the use of words like “expects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “possible,” “probable,” “believes,” “seeks,” “may,” “will,” “should,” “could,” “predicts,” “projects,” “continue,” “would” or the negative of these terms and other words of similar meaning, are forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to our expected sales, cash flows (including achieving cash flow break-even), planned investments, and financial performance, business, business strategy, expansion, growth, key drivers (including cost savings and increased investments), products and services we recently offered and their impact on our performance or products and services we may offer in the future and the timing of their development, sales and marketing strategy and capital outlook. Forward-looking statements are based on management’s current expectations and assumptions regarding our business, the economy and other future conditions and are subject to inherent risks, uncertainties and changes of circumstances that are difficult to predict and may cause actual results to differ materially from those contemplated or expressed. We caution you therefore against relying on any of these forward-looking statements. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities Exchange Commission (the “Commission”), and in subsequent filings with the Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in these filings with the Commission. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Important factors that could cause actual results to differ materially from those in the forward looking statements include but are not limited to: the impact of the COVID-19 pandemic on our business and operations, as well as the business or operations of our suppliers, customers, manufacturers, research partners and other third parties with whom we conduct business; our relationships with major customers; our ability to maintain our sales, marketing, and distribution capabilities; a decline in general economic conditions nationally and internationally; the market and size of the vitamin mineral and dietary supplement market; decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; impact of any litigation or infringement actions brought against us; competition from other providers and products; risks in product development; our reliance on of a limited number of third-party party suppliers for certain raw materials; inability to raise capital to fund continuing operations; changes in government regulation; the ability to complete customer transactions and capital raising transactions, and other factors relating to our industry, our operations and results of operations. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. About Non-GAAP Financial Measures ChromaDex’s non-GAAP financial measures, Adjusted EBITDA including legal expense and Adjusted EBITDA excluding legal expense, are defined as net income before interest, depreciation, amortization, non-cash share-based compensation costs, severance and restructuring expense and legal expense. ChromaDex used these non-GAAP measures when evaluating its financial results as well as for internal resource management, planning and forecasting purposes. These non-GAAP measures should not be viewed in isolation from or as a substitute for ChromaDex’s financial results in accordance with GAAP. Reconciliation of these non-GAAP measures to the most directly comparable GAAP measures are attached to this presentation. FDA Disclaimer Statements made in this presentation have not been evaluated by the Food and Drug Administration. ChromaDex products are not intended to diagnose, treat, cure, or prevent any disease. The statements in this presentation are for investor relations and educational purposes only and not intended for consumers or vendors. SAFE HARBOR STATEMENT 2

3 Q1 2022 & Recent Highlights • Total company and Tru Niagen® net sales up 18% and 20% YoY, respectively, with 13% growth in E-Commerce. • Delivered gross margins of 61.0% a (190) basis point decline YoY primarily driven by business mix. • Selling and marketing expense reflected investments in brand building, including new Tru Niagen® TV campaign. • Legal expense of $2.3 million decreased by $2.7 million YoY, driven by lower litigation activity. ◦ In April, the New York Judge ordered Elysium to pay the agreed upon settlement of $2.5 million for CA and NY. • Net loss was $(7.7) million or $(0.11) per share, compared to a net loss of $(7.4) million or $(0.12) per share in Q1 2021. • Underlying business, as measured by Adjusted EBITDA including legal expense, delivered a loss of $(4.5) million, a $1.2 million improvement YoY. Adjusted EBITDA excluding legal expense was a loss of $(2.1) million.(1) • Launched Tru Niagen® Immune, a first-of-its-kind combination of immune-boosting nutrition with ChromaDex's proprietary NAD+ boosting ingredient, Niagen®, further expanding innovative product portfolio. • Ended the quarter with $21.0 million in cash. Remain committed to achieving cash flow break-even while making investments to drive long-term revenue growth and remain the leader in the NAD+ market. Solid quarter financially. TV campaign began ramping in April, which is expected to drive overall growth and brand awareness at Walmart. (1) See slide 15 for a reconciliation of non-GAAP Adjusted EBITDA excluding total legal expense to net loss, the most directly comparable GAAP measure.

Management Team Rob Fried Chief Executive Officer E-Commerce & entertainment industry executive Savoy Pictures, Columbia Pictures, Fried Films, FeeIn, WHN, Healthspan Research Frank Jaksch Executive Chairman Co-founded ChromaDex in 2000 Kevin Farr Chief Financial Officer Former CFO, Mattel PriceWaterhouse Licensed CPA Fadi Karam Chief Marketing Officer Former Nestlé executive Deep brand building experience, across traditional retail as well as e-commerce platforms 4

6 Science Continues to Expand ◦ One new human trial on nicotinamide riboside registered since prior update:¹ ◦ Haukeland University Hospital (April 2022) - NRSAFE ◦ This is a continuation of the work by Dr. Tzoulis from the NADPARK and NO-PARK trials ◦ NADPARK showed that NR supplementation significantly increased cerebral NAD+ levels, improved some measures of motor function and decreased levels of inflammatory cytokines in Parkinson's Disease, or PD, patients ◦ The results of the NADPARK trial nominate NR as a potential neuroprotective therapy for PD, warranting further investigation in larger trials ◦ The NOPARK trial will recruit 400 patients and administer 1,000 milligrams of NR daily for 52 weeks ◦ Safety and tolerability of NR doses up to 2,000 milligrams daily have been tested in healthy humans with no signs of toxicity ◦ The objective of NRSAFE is to determine the safety and tolerability of NR at a daily dose of 3,000 milligrams in 20 individuals with PD to enable clinical studies assessing higher doses ◦ All three trials are randomized, double-blinded, placebo-controlled, parallel assignment studies ◦ Three new research studies signed through ChromaDex External Research Program (CERP)² (1) There are 69 ongoing, completed, and published clinical studies currently registered on clinicaltrials.gov to investigate the pharmacokinetics and therapeutic effects of NR alone or in combination with other ingredients. 54 of these use NR only. Clinicaltrials.gov also includes two niacin studies and one device monitoring registry for a total of 72 under the search term “nicotinamide riboside.” (As of April 25, 2022) (2) 250+ research collaborations for Niagen® signed with research institutes and universities around the world. More than 90% of the studies are investigator initiated and were developed to support applications for or receipt of third-party funding. The studies may not have been initiated if investigators were unable to secure funding.

Scientific Advisory Board Charles Brenner, Ph.D. Alfred E Mann Family Foundation Chair, Department of Diabetes & Cancer Metabolism City of Hope World's Foremost Authority on NAD Metabolism Roger Kornberg, Ph.D. Chairman Professor of Structural Biology Stanford University Nobel Prize Winner, Chemistry, 2006 Rudolph Tanzi, Ph.D. Kennedy Professor of Neurology Harvard University Leading Alzheimer's Researcher, TIME 100 Most Influential 2015 Dr. Bruce German Chairman of Food, Nutrition, & Health University of California, Davis Leader in Food, Nutrition, & Wellness Innovation Professor Sir John Walker, Ph.D. Emeritus Director, MRC Mitochondrial Biology University of Cambridge Nobel Prize Winner, Chemistry, 1997 Brunie H. Felding, Ph.D. Associate Professor of Molecular Medicine Scripps Research Institute Renowned Breast Cancer Researcher focused on NAD+ supplementation Dr. David Katz President of True Health Initiative CEO of Diet ID World renowned physician & preventive medicine expert 7

Basic Physiological Functions are NAD+ Dependent INTRINSIC CAPACITY DOMAIN Based on World Health Organization’s definition VITALITY Energy metabolism Hormonal function Cardio-respiratory function Number of clinical trials (active)* 14 Number of clinical trials (complete)* 8 % of all registered Niagen® clinical trials** 47% Type II Diabetes (Insulin Sensitivity) Altered Glucose and Lipid Metabolism Non-Alcoholic Fatty Liver Heart Failure Hypertension Arterial Stiffness Vascular Function Immunity/Inflammation Chronic Kidney Disease Conditions Studied LOCOMOTION Muscle strength Balance Gait 8 5 Parkinson’s Disease Ataxia Telangiectasia Exercise Capacity/ Performance Muscle Function/Strength Sarcopenia COGNITION Memory Intelligence Problem-solving 5 2 15% Mild Concussion Mild Cognitive Impairment Alzheimer’s Disease SENSORY Vision Hearing 4 0 8% Neuropathies (e.g. Diabetic Neuropathy, Peripheral Neuropathy) Small Nerve Fiber Degeneration PSYCHOLOGICAL Mood Emotional vitality 0 0 0% *Source: Based on Niagen® NR clinical trials registered on clinicaltrials.gov. Used ChromaDex classification into intrinsic capacity domains. As of April 25, 2022. Chart does not include pharmacokinetic or terminated studies. **Based on Niagen® nicotinamide riboside (NR) clinical trials registered on clinical trials.gov 30% 8

10 Q1 2022 Net Sales Mix e-Commerce 65% Watson's & Other B2B 19% Niagen® Ingredient 8%Analytical Reference Standards & Services 6% Other Ingredients 1% Q1 2021 $14.7 MM e-Commerce 63% Watson's & Other B2B 24% Niagen® Ingredient 6% Analytical Reference Standards & Services 5% Other Ingredients 2% $17.3 MM Q1 2022 • Tru Niagen® net sales increased to 87% of net sales in Q1 2022 compared to 85% in Q1 2021(1) • Niagen®-related net sales remained at 93% of net sales in Q1 2022 compared to 93% in Q1 2021(2) Higher mix of Watsons & Other B2B sales compared to prior year when shipments were impacted by supply chain disruptions (1) Tru Niagen® net sales include e-Commerce, Watson’s/Other B2B (2) Niagen®-related sales include Tru Niagen® and Niagen® ingredient

11 Q1 2022 Net Sales Q1 2022 Net Sales ($ in millions) 10.9 4.1 1.1 0.9 0.3 e-Commerce Watson's & Other B2B Niagen® Ingredient Analytical Reference Standards & Services Other Ingredients $14.9 Growth Rates YoY % (vs Q1 2021) QoQ % (vs Q4 2021) +13% (2)% +43% +36% (6)% (56)% (4)% +4% +164% +19% +18% (3)% TRU NIAGEN® business up 20% year-over-year driven by growth in e-Commerce and Watson's. Sequential sales declined slightly primarily due to lower Niagen(R) ingredient sales.

12 2020 – 2022 YTD Net Sales Summary (in millions) 2020 2021 2022 Description Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Ecommerce 8.2 8.1 8.7 9.5 34.5 9.6 10.6 10.5 11.1 41.8 10.9 Watsons 1.8 1.3 2.5 2.1 7.6 1.6 2.9 2.6 2.2 9.3 2.5 Other B2B 1.1 2.3 0.8 0.8 5.0 1.3 1.8 1.6 0.8 5.6 1.5 Total TRU NIAGEN 11.1 11.7 11.9 12.3 47.1 12.4 15.4 14.8 14.1 56.7 14.9 NIAGEN Ingredient 2.0 2.0 0.9 2.2 7.1 1.2 1.3 1.7 2.5 6.7 1.1 NIAGEN Related Revenues 13.1 13.7 12.8 14.6 54.2 13.6 16.7 16.4 16.6 63.4 16.1 Other Ingredients 0.5 0.9 0.6 0.1 2.1 0.1 0.2 0.1 0.2 0.7 0.3 Analytical Reference Standards & Services 0.7 0.7 0.8 0.8 3.0 0.9 0.8 0.8 0.9 3.4 0.9 Total Net Sales 14.3 15.3 14.2 15.4 59.3 14.7 17.7 17.3 17.8 67.4 17.3 TRU NIAGEN as % of Total Net Sales 78 % 77 % 84 % 80 % 79 % 85 % 87 % 85 % 79 % 84 % 87 % NIAGEN Related Revenues as % of Total Net Sales 91 % 90 % 90 % 94 % 91 % 93 % 94 % 95 % 94 % 94 % 93 % YOY Growth Rate - Net Sales Total Company 43 % 38 % 18 % 18 % 28 % 2 % 16 % 22 % 15 % 14 % 18 % NIAGEN Related 53 % 40 % 22 % 20 % 32 % 4 % 22 % 29 % 14 % 17 % 18 % Total TRU NIAGEN 50 % 34 % 22 % 21 % 31 % 12 % 31 % 24 % 14 % 20 % 20 % Sequential Growth Rate - Net Sales Total Company 10 % 7 % (7) % 9 % (5) % 21 % (2) % 3 % (3) % NIAGEN Related 8 % 5 % (7) % 14 % (6) % 22 % (1) % 1 % (3) % Total TRU NIAGEN 10 % 5 % 2 % 4 % 1 % 24 % (4) % (5) % 6 %

13 Q1 2022 vs Q4 2021 Key P&L Metrics (in thousands) Q1 2022 Q4 2021 Notes Net Sales 17,259 17,759 Tru Niagen® business up 6% driven by increased Watsons and Other B2B sales, offset by lower E-Commerce (down (2)%) due to absence of key promotional events in China Gross Profit % of Net Sales 10,532 61.0% 10,868 61.2% Gross margin declined (20)bps as cost savings initiatives are currently offsetting labor and raw material cost inflation Selling and Marketing % of Net Sales 8,237 47.7% 8,641 48.7% Efficiencies in digital media, partially offset by increased investments in brand building (including new TV campaign) Research and Development 1,078 1,045 Up slightly with increased investments in headcount to accelerate R&D pipeline, partially offset by timing of projects General and Administrative 8,949 6,498 Excluding legal fees, severance & restructuring, and equity compensation expense, G&A was up by $ 0.4MM Other 0 0 No other expenses in either quarter Total Operating Expense 18,264 16,184 Higher G&A expense driven by legal, as well as investments in technology and staffing in key functional areas to support growth Operating Loss $(7,732) $(5,316) Higher overall operating expense due to investments to grow the business and protect our IP, paired with lower sales

14 Q1 2022 vs Q1 2021 Key P&L Metrics (in thousands) Q1 2022 Q1 2021 Notes Net Sales 17,259 14,683 Tru Niagen® business up 20% driven by global e-Commerce growth and higher Watson's sales, following last year's supply chain disruption Gross Profit % of Net Sales 10,532 61.0% 9,234 62.9% Down (190)bps primarily driven by business mix Selling and Marketing % of Net Sales 8,237 47.7% 6,258 42.6% Investments in digital marketing and brand building initiatives; broader industry trends impacting digital advertising costs and efficiencies Research and Development 1,078 787 Up due to increased investments to accelerate R&D pipeline, including headcount General and Administrative 8,949 9,551 Excluding legal fees, severance & restructuring, and equity compensation expense, G&A was up by $0.7 MM Other 0 0 No expenses in either quarter Total Operating Expense 18,264 16,596 Investments in selling and marketing expense, partially offset by lower G&A expense driven by reduced litigation expense Operating Loss $(7,732) $(7,362) Higher sales, lower gross margins and higher overall operating expense due to investments to grow the business

15 Adjusted EBITDA Summary ChromaDex Corporation and Subsidiaries Reconciliation of Non-GAAP Finanical Measures (In thousands) Three months ended March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 March 31, 2022 Net loss, as reported $ (5,902) $ (3,711) $ (4,215) $ (6,097) $ (7,381) $ (5,566) $ (8,856) $ (5,325) $ (7,740) Adjustments Interest (income) expense 12 24 19 16 19 12 15 9 8 Depreciation 214 218 220 219 221 226 232 211 201 Amortization of intangibles 62 60 60 61 60 61 53 51 49 Amortization of right of use assets 92 95 97 115 126 128 131 126 299 Share-based compensation 1,873 1,711 1,574 1,778 1,284 1,616 1,822 1,473 1,888 Severance and restructuring 953 284 224 329 (10) 13 342 6 821 Bad debt expense — — — — — — — — — Adjusted EBITDA including legal expense $ (2,696) $ (1,319) $ (2,021) $ (3,579) $ (5,681) $ (3,510) $ (6,261) $ (3,449) $ (4,474) Legal expense 2,380 1,844 1,896 2,468 5,010 4,150 5,640 1,626 2,341 Adjusted EBITDA excluding legal expense $ (316) $ 525 $ (125) $ (1,111) $ (671) $ 640 $ (621) $ (1,823) $ (2,133) Q1 2022 Adjusted EBITDA including legal expense was a loss of $(4.5) million, an improvement of $1.2 million year-over-year due to higher sales, partially offset by higher operating expenses, and a decline of $(1.0) million sequentially

16 Q1 2022 Operating Loss vs Q1 2021 (7.4) 1.6 2.7 (0.3) (0.3) (0.6) (0.6) (0.8) (2.0) (7.7) Q1 2021 Operating Loss Volume Legal Gross Margin Decline Research and Development Equity Comp (G+A) Other G+A Severance and Restructuring Sales & Marketing Q1 2022 Operating Loss (9.0) (8.0) (7.0) (6.0) (5.0) (4.0) (3.0) (2.0) (1.0) — -$4.6 MM+$4.3 MM (in millions)

17 Quarterly Balance Sheet Highlights (in thousands) 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 Key Drivers (YoY for 2022 YTD) Cash $ 18,812 $16,697 $44,691 $38,778 $33,102 $28,219 $20,993 Cash used in operations to grow the business and protect our IP Inventory 11,535 11,683 12,762 12,183 12,676 13,601 15,307 Investments to support growth Trade Receivables 2,175 2,694 4,647 5,999 5,295 5,226 6,310 Driven by mix of customer sales and timing of collections Accrued Liabilities 4,415 6,133 7,328 5,569 6,331 6,481 8,126 Driven by changes in expenses and accrual for employee bonuses Accounts Payable 9,626 9,445 11,693 9,970 10,804 10,423 9,780 Driven by changes in advertising, inventory and legal expense Equity 20,445 16,424 43,832 42,142 35,449 31,727 25,877 Driven by net loss Invested in future growth, continued to manage working capital

18 Quarterly Cash Flow Highlights (in thousands) FY 2019 FY 2020 3/31/21 6/30/21 9/30/21 12/31/21 FY 2021 3/31/22 Net Loss $ (32,147)(4) $ (19,925) $ (7,381) $(5,566) $(8,856) $(5,325) $(27,128) $(7,740) Working Capital 2,026(1) 383 258 (4,390) 942 (1,670) (4,915) (1,923) Cash From / (Used for) Operations (20,439) (1) (10,600) (5,405) (7,895) (5,919) (4,944) (24,163) (7,198) Cash From / (Used for) Investing (249) (165) (46) (265) (96) (2) (409) (25) Cash From / (Used for) Financing 16,884(2)(3) 8,650 33,445(5) 2,247(6) 339 63 36,094 (3) Net Increase / (Decrease) in Cash $ (3,804) $ (2,115) $ 27,994 $ (5,913) $(5,676) $(4,883) $11,522 $(7,226) Ending Cash Balance $ 18,812 $ 16,697 $ 44,691 $38,778 $33,102 $28,219 $28,219 $20,993 Investments to grow the business and protect our IP, while managing working capital 1. Includes $4 million deferred revenue related to the upfront payment from Nestlé. 2. Includes $10 million issuance of convertible notes, net of $565,000 of issuance costs. 3. Includes $7 million issuance of common stock, net of $226,000 of issuance costs. 4. Includes $2.2 million write-off of receivables from Elysium. 5. Includes $25 million issuance of common stock, net of $129,000 of issuance costs, and includes $8.6 million proceeds from exercise of stock options. 6. Includes $2.2 million issuance of common stock, net of $299,000 of issuance costs, and include $0.4 million proceeds from exercise of stock options.

19 2022 Financial Outlook (in thousands) 2020 Actual 2021 Actual 2022 Full Year (“FY”) Outlook Key Drivers (Current FY Outlook) Net Sales $59,257 $67,449 '+15-20%YoY (No change) • Tailwinds:E-Commerce, new partnerships • Headwinds: COVID-19 impact on Watsons and New Zealand and Australia Distributor Gross Margin % (as a % of net sales) 59.5% 61.5% Slightly better than 60%, similar to 2021 (No change) • Continued cost savings initiatives and scale offsetting current inflationary pressures Selling, Marketing & Advertising (as a % of net sales) 35.4% 42.0% Up in absolute dollars; down slightly as a % (No change) • Increased investments with more efficient spend of resources to drive Tru Niagen® brand awareness Research & Development(1) $3,415 $3,832 Up approximately $2 million (No change) • Increased investments to accelerate R&D pipeline, including new NAD precursor development General & Administrative(1) (2) $30,765 $36,379 Down $5 to $6 million (No change) • Significant reduction in legal expense, partially offset by investments in information technology and headcount Continued solid revenue growth in 2022, with increased investments to capitalize on growth in the NAD+ market globally (1) Certain prior period results have been reclassified to be consistent with the current period presentation. (2) G&A as reported.

20 Q1 2022 Financial Highlights - Recap • Total net sales of $17.3 million in Q1 2022 (+18% YoY, (3)% versus Q4 2021) • Continued progress building the Tru Niagen® brand ◦ Tru Niagen® net sales of $14.9 million in Q1 2022 (+20% YoY, +6% vs Q4 2021) • Continuously strong gross margin ((20)bps vs Q4 2021 and (190)bps vs Q1 2021) ◦ Gross margin of 61.0% in Q1 2022 versus 61.2% in Q4 2021 ◦ Decline YoY is primarily driven by business mix. Continued supply chain cost saving initiatives are currently offsetting inflation. • Marketing efficiency reflects investments in digital advertising and brand building (510bps YoY, -100bps versus Q4 2021) ◦ Selling and marketing expense of 47.7% of net sales in Q1 2022 compared to 48.7% in Q4 2021, and 42.6% in Q1 2021 ◦ Near-term efficiency impacted by investment in new TV campaign • General and administrative expense (G&A)(1) was $8.9 million, up $2.5 million sequentially primarily due to higher legal and headcount related expenses, including executive severance. G&A was down $(0.6) million YoY primarily due to lower legal expense, partially offset by increased headcount related expenses, including severance. Excluding legal fees, severance & restructuring, and equity compensation expense, G&A was up by $0.7 million YoY and $0.4 million sequentially. • Net loss was $(7.7) million or $(0.11) per share, compared to a net loss of $(7.4) million or $(0.12) per share in Q1 2021 • Adjusted EBITDA excluding legal expense was a loss of $(2.1) million, a $(1.5) million decrease YoY Delivered a solid first quarter and continued to demonstrate financial discipline while making important investments to build our brand and protect our intellectual property. (1) Certain prior period results have been reclassified to be consistent with the current period presentation.

The information contained in this documents is confidential, privileged and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent (2019) Contact Info Brianna Gerber Vice President of Finance and Investor Relations T: +1.949.419.0288 ext. 127 BriannaG@chromadex.com www.chromadex.com Where to buy TRU NIAGEN® truniagen.com amazon.com Walmart.com and select Walmart Retail Locations 21