- Second quarter fiscal 2008 net sales of $20.4 million versus $24.1
million in the same quarter last year. - New private label contract manufacturing relationships established with
initial shipments expected during the second half of fiscal 2008.
SAN MARCOS, Calif., Feb. 8 /PRNewswire-FirstCall/ -- Natural Alternatives International, Inc. ("NAI") (Nasdaq: NAII), a leading formulator, manufacturer and marketer of customized nutritional supplements, today announced net sales of $20.4 million and a net loss of $180,000 or $0.03 per share for the three months ended December 31, 2007.
Net sales of $20.4 million in the second quarter of fiscal 2008 declined $3.7 million as compared to $24.1 million for the same quarter last year. The decrease included a $2.8 million decline in private label contract manufacturing sales associated primarily with one of our largest customers and a $900,000 decrease in our branded product business related primarily to the continued softening of our Dr. Cherry Pathway to Healing(R) product line.
For the second quarter of fiscal 2008 we reported a net loss of $180,000, or $0.03 per share, on 7.0 million weighted-average shares outstanding. For the second quarter of fiscal 2007 we reported net income of $554,000, or $0.08 per diluted share, on 7.2 million weighted-average shares outstanding.
Cash flows provided by operating activities for the six months ended
December 31, 2007 were $2.0 million. As of December 31, 2007, NAI had cash
and working capital of $5.0 million and $16.8 million, respectively,
compared to $4.9 million and $16.2 million, respectively, as of June 30,
2007. As of December 31, 2007, we had $7.5
|SOURCE Natural Alternatives International, Inc.|
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