Thorne HealthTech, Inc., a science-driven wellness company, provides solutions and personalized approaches to health and wellness in the United States and internationally. It offers various health tests, such as sleep, stress, weight management, gut health, heavy metals, biological age, and other health tests that generate molecular portraits for its customers, as well as develops nutritional supplements and offers wellness education solutions. The company uses the Onegevity platform to map, integrate, and understand the biological features that describe the state of an individual's health, as well as provide actionable insights and personalized data, products, and services that help individuals to take a proactive approach to improve and maintain their health. It primarily serves healthcare professionals, professional athletes, and professional sports and Olympic teams. Thorne HealthTech, Inc. was founded in 1984 and is headquartered in New York, New York.

Thorne HealthTech, Inc.

Thorne HealthTech

We’re a team of dreamers, scientists, doctors, and health enthusiasts – all working toward the same goal – helping every individual discover and achieve their best possible health. We do it by creating innovative health solutions and by owning every process, from R&D to product delivery and customer service. We intend to defy expectations of good health through home testing technology, dietary and lifestyle education, and superior nutritional products. 

From its early beginnings, Thorne has grown from just being a practitioner-trusted brand to one of the fastest growing D-to-C health product providers in the industry – earning trusted partnerships with UFC, MLB, NBA, and NFL athletes, as well as multiple U.S. National Teams along the way. Through our products and services, our passionate, talented staff, collaboration with a variety of innovative and expert strategic partners, and an unwavering commitment to integrity, we have evolved into a global health solutions provider – because good health knows no boundaries. 

The key to our success is a user-centric approach that always puts the individual at the center of our operations. From our distinguished researchers to our elite customer-care team, every individual at Thorne has a first-hand opportunity to make a difference. 

We are always looking for new ways to innovate, and there is plenty of room for you to leave your mark here. If you’re an individual that embraces challenge, fosters innovation, and desires to make a difference in the world – then join us.

Thorne

It’s a challenge to communicate complex science, and that’s where Thorne’s Medical Affairs team comes in – turning clinical data into practical knowledge for consumers.

The Medical Affairs team is a critical component of how Thorne operates every day.

Dr. Amanda Frick, ND, LAc, VP of Medical Affairs, talks about the role of the Medical Affairs, and how her team uses science, research, and clinical data to educate physicians, patients, and consumers about products and testing solutions at Thorne.

Read about Thorne’s approach from Dr. Frick, here: https://lnkd.in/dkffYwcp

#onlyThorne

Wishing you a happy and healthy 2024 from all of us on the Thorne team!

We’re prioritizing our #Health and #Wellness goals in 2024.

As you set your sights on your 2024 goals, remember that progress isn't linear! This year, we're taking our health and wellness routine into our own hands. 

Here’s to a bright new year and feeling your best at every age and life stage.

#HappyNewYear #onlyThorne

We’re excited to share that Thorne HealthTech has launched a new enterprise named Thorne Ventures to advance the company’s focus on innovation and science-backed wellness breakthroughs. Thorne Ventures will be led by legacy Thorne CEO, Paul Jacobson. 

Thorne’s core personalized supplement and testing unit will be led by healthcare industry and consumer products veteran, Colin Watts, who brings 30+ years of experience having served as CEO of The Vitamin Shoppe, President of Weight Watchers Health Solutions, Chief Innovation Officer at Walgreens, and Global Operating President of McNeil Nutritionals and Consumer Healthcare, a division of Johnson & Johnson alongside Chief Operating Officer, Tom McKenna, who has been with Thorne for 14 years. 

As a science-driven wellness company whose ambition is to empower individuals to live healthier longer, we take great pride in the science behind our formulations, the ingredients, manufacturing processes, and finished products to create highly efficacious nutritional products for consumers, health professionals, and corporations. 

Read more here: https://lnkd.in/eJc67Zjz

#OnlyThorne #Thorne

The New York Times recently wrote about the devastating effects of repetitive brain impacts on young athletes. The article cited a study from Boston University, in which researchers examined the brains of 152 contact sports athletes and diagnosed more than 40 percent of them with chronic traumatic encephalopathy (CTE).
 
Earlier this year, Thorne shared positive findings from its collaborative clinical trial with Mayo Clinic and HealthTech Connex Inc. that evaluated the effects of Thorne’s SynaQuell nutritional supplement on brain function and brain structure in Junior A ice hockey players.
 
The data from this trial was the first of its kind to demonstrate the use of SynaQuell as a nutritional supplement for supporting brain health in athletes engaged in a contact sport.*
 
An industry leader in personalized scientific wellness, Thorne is committed to investing in clinical research in the pursuit of health solutions for athletes of all ages. As the research on brain impacts continues, so does our focus on getting SynaQuell into the hands of individuals who will benefit from it most, including elite athletes in high-impact sports.

Learn more here: https://bit.ly/3GwnZSd

#onlyThorne

Thorne employees in our Summerville South Carolina facility participated in a stuffed toy drive, partnering with the Lowcountry Orphan Relief, an organization that provides support services and aid to meet the needs of children in the lowcountry of South Carolina.

Thorne employees collected over 115 stuffed toys for local children through this event and delivered them to the organization last week. 

During the #holiday season, Thorne partners with several organizations in the local Charleston area, and we’re proud to partner with Lowcountry Orphan Relief, an organization that believes that no child should be without the basic necessities in life, regardless of their life circumstances.

We look forward to working with them again in the future! 

#HappyHolidays #onlyThorne #ThorneUnited

Thorne partner and professional football player, Dalvin Cook, shares how our award-winning sports performance product, Amino Complex, is part of his pregame routine in an interview with #MensHealth.

In his interview, Dalvin talks about his pregame routine, what supplements he uses to support his training, some of his favorite workout moves, and what his recovery look like post-workout or post-game.

Dalvin gives our Amino Complex a great shout out, detailing how it helps his muscles while he trains and how it “gets him going” before game-time.

Thanks to Brett Williams at Men’s Health for the feature!

To read, click here: https://lnkd.in/dPEhnm6x

As a health and wellness company rooted in personalization and credible scientific rigor, we take pride in being a health and wellness leader and value our partners' trust in our products. 
 
We are constantly reimagining what good health means at Thorne, and partners like sports broadcaster and new mom, Erin Andrews, reinforce our commitment to safety, credibility, and quality. 
 
Erin, a long-time Thorne user, has repeatedly spoken about her trust in our products (she “swears” by them!) and how they have supported her fertility and wellness journey over the last nine years.
 
Check out Erin’s feature in Yahoo Life, where she talks about how Thorne was and still is a part of her day-to-day life.
 
To read, click here: https://lnkd.in/dRiZQk9x
 
#onlyThorne

Healthy goals begin with healthy partnerships.  

Joel Totoro, RD, Thorne’s Director of Sports Science, explains how Thorne HealthTech is now the most-trusted name in scientific wellness. Partnering with professional athletes, teams, and clinical organizations across the fields of sports and medicine, Thorne delivers scientific expertise and quality at every level of performance. 

Read the article now at the link below.

Last week, over 30 Thorne employees in our Summerville, South Carolina location volunteered for Trident United Way “Days of Caring” event.
 
Trident United Way  is committed to creating measurable community transformation through collective impact in education, financial stability, and health in the South Carolina Tri-County area.
 
Through the Bags of Joy volunteer opportunity, Thorne employees kitted 500 bags of hygiene supplies to bring joy to homeless members of the community during the upcoming holiday season.
 
Thorne has worked with Trident United Way since 2018, and is proud to partner with an organization whose mission is so closely linked to ours, as they strive to create a healthier community and empower people to live and participate in environments that promote good #health.
 
#onlyThorne #HappyHolidays

Wishing you and yours a happy and healthy Thanksgiving holiday!

As a company whose mission is to empower individuals to live healthier longer through personalized scientific wellness, we are so #thankful for our dedicated employees, our network of partners, suppliers, and healthcare practitioners, and our loyal customers, who drive us everyday to redefine what good health means. 

#onlyThorne #HappyThanksgiving

	Dec '19	Dec '20	Dec '21	Dec '22
revenue	102.53M -	138.45M 35.04%	185.25M 33.80%	228.73M 23.47%
cost of revenue	57.79M -	73.67M 27.48%	87.89M 19.31%	113.80M 29.47%
gross profit	44.74M -	64.79M 44.80%	97.35M 50.27%	114.93M 18.06%
selling and marketing expenses			25.19M -	26.44M 4.98%
general and administrative expenses			54.91M -	75.59M 37.65%
selling general and administrative expenses	54.75M -	59.55M 8.76%	80.10M 34.52%	102.03M 27.37%
research and development expenses	3.90M -	4.22M 8.37%	5.94M 40.49%	7.42M 25.08%
other expenses	-254.37K -	-244.16K 4.01%	-87.83K 64.03%	1.34M 1,628.82%
cost and expenses	116.44M -	137.44M 18.04%	173.93M 26.55%	223.25M 28.36%
operating expenses	58.65M -	63.77M 8.74%	86.04M 34.91%	109.45M 27.21%
interest expense	406.42K -	1.13M 176.92%	449.91K 60.02%	26.33K 94.15%
ebitda	-9.56M -	5.07M 152.98%	15.68M 209.49%	10.31M 34.28%
operating income	-13.91M -	770.61K 105.54%	9.75M 1,165.51%	5.48M 43.79%
depreciation and amortization	4.34M -	4.30M 1.10%	5.93M 38.00%	4.82M 18.62%
total other income expenses net	-2.65M -	-3.04M 14.51%	1.17M 138.47%	2.32M 98.16%
income before tax	-16.56M -	-2.27M 86.31%	10.92M 581.65%	7.80M 28.60%
income tax expense	33.42K -	176.76K 428.84%	411.92K 133.04%	-7.31M 1,874.54%
net income	-16.59M -	-2.44M 85.27%	10.51M 529.97%	15.67M 49.15%
weighted average shs out	36.43M -	51.21M 40.60%	32.33M 36.88%	52.76M 63.19%
weighted average shs out dil	36.43M -	51.21M 40.60%	32.33M 36.88%	52.76M 63.19%
eps	-0.46 -	-0.05 89.63%	0.33 791.82%	0.30 9.09%
epsdiluted	-0.46 -	-0.05 89.63%	0.33 791.82%	0.30 9.09%

NASDAQ:THRN

Thorne HealthTech

Last Close

10.20

13/10 20:00

Market Cap

550.63M

Beta: -

Volume Today

84.69K

Avg: 46.49K

PE Ratio

27.05

PFCF: −36.30

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