Natural Alternatives International, Inc. (NAII) Announces Financial Results
September 23, 2009 8:49 AM
Natural Alternatives International, Inc. (Nasdaq: NAII), a leading formulator, manufacturer and marketer of customized nutritional supplements, announced a net loss of $4.1M or $0.58 per diluted share on net sales from continuing operations of $73.9M for the fiscal year ended June 30, 2009. The fiscal 2009 results include a net loss from discontinued operations of $3.9M or $0.55 per diluted share primarily related to the write-down of goodwill and intangible assets, and severance and other business related exit costs.
Fiscal 2009 net sales from continuing operations decreased $7.9M from $81.8M for fiscal 2008. As of June 30, 2009 NAI had cash and certificates of deposit of $4.7M and working capital of $13.9M compared to $3.5M and $18.4M, respectively, as of June 30, 2008. As of June 30, 2009, NAI had $5.2M available under working capital line of credit .
