Business
Natural Alternatives International, Inc. Announces 2025 Q2 and YTD Results
CARLSBAD, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Natural Alternatives International, Inc. ("NAI") (Nasdaq: NAII), a leading formulator, manufacturer, and
About this update from Natural Alternatives International, Inc.
[{"type":"text","content":"CARLSBAD, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Natural Alternatives International, Inc. (\"NAI\") (Nasdaq: NAII), a leading formulator, manufacturer, and marketer of customized nutritional supplements, today announced a net loss of $2.2 million, or $0.37 per diluted share, on net sales of $34.1 million for the second quarter of fiscal year 2025 compared to a net loss of $3.1 million, or $0.52 per diluted share, in the second quarter of the prior fiscal year. Net sales during the three months ended December 31, 2024, increased $8.9 million, or 35%, to $34.1 million as compared to $25.2 million recorded in the comparable prior year period. During the same period, private-label contract manufacturing sales increased 40% to $32.3 million. Private-label contract manufacturing sales increased primarily due to increased orders from two of our larger customers and shipments to new customers, partially offset by decreased shipments to other existing customers. CarnoSyn® beta-alanine royalty, licensing and raw material sales revenue decreased 18% to $1.8 million during the second quarter of fiscal year 2025, as compared to $2.2 million for the second quarter of fiscal year 2024. The decrease in CarnoSyn® beta-alanine royalty, licensing, and raw material sales revenue during the second quarter of fiscal 2025 was primarily due to a decrease in orders from existing customers. Our net loss for the six months ended December 31, 2024, was $4.2 million, or $0.70 per diluted share, compared to a net loss of $3.8 million, or $0.64 per diluted share, for the six months ended December 31, 2023. Net sales during the six months ended December 31, 2024, increased $8.1 million, or 14%, to $67.2 million as compared to $59.2 million recorded in the comparable prior year period. During the six months ended December 31, 2024, private-label contract manufacturing sales increased 14% to $62.9 million, as compared to $55.2 million in the comparable prior period. CarnoSyn® beta-alanine royalty, licensing and raw material sales revenue increased 9% to $4.3 million during the first six months of fiscal 2025, as compared to $3.9 million for the first six months of fiscal 2024. We experienced a loss from operations during the three and six months ended December 31, 2024. This operating loss was primarily due to a change in sales mix from our private-label cont...