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Last $5.64 USD
Change Today -0.12 / -2.08%
Volume 19.9K
NAII On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

natural alternatives intl (NAII) Key Developments

Natural Alternatives International Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Natural Alternatives International Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net sales of $19.613 million compared to $19.127 million a year ago. Income from operations was $1.039 million compared to $1.168 million a year ago. Income before taxes was $1.074 million compared to $1.053 million a year ago. Net income was $0.788 million or $0.12 per basic and diluted share compared to $0.622 million or $0.09 per basic and diluted share a year ago. For the nine months, the company reported net sales of $56.926 million compared to $52.757 million a year ago. Income from operations was $2.989 million compared to $1.522 million a year ago. Income before taxes was $3.131 million compared to $1.440 million a year ago. Net income was $2.356 million or $0.35 per basic and diluted share compared to $0.904 million or $0.13 per basic and diluted share a year ago. The increase in net income was primarily attributable to higher contract manufacturing sales, increased licensing revenue, along with a decrease in patent prosecution expenses and a 1.9% gross margin improvement related to a favorable product sales mix.

Natural Alternatives International Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Natural Alternatives International Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported net sales of $18,618,000 against $16,475,000 a year ago. Income from operations was $1,381,000 against $264,000 a year ago. Income before taxes was $1,398,000 against $265,000 a year ago. Net income was $1,081,000 against $194,000 a year ago. Diluted income per share was $0.16 against $0.03 a year ago. For the six months, the company reported net sales of $37,313,000 against $33,630,000 a year ago. Income from operations was $1,950,000 against $354,000 a year ago. Income before taxes was $2,057,000 against $387,000 a year ago. Net income was $1,568,000 against $194,000 a year ago. Diluted income per share was $0.23 against $0.04 a year ago. The increase in net income was primarily attributable to increased customer demand and a favorable international sales mix along with higher average EUR exchange rates which included the benefit of currency hedging program.

Natural Alternatives International, Inc Announces Auditors Changes

The board of directors of Natural Alternatives International Inc. dismissed the company's former accountant, Ernst & Young LLP on January 12, 2015. The company has engaged Haskell & White LLP as its new independent accountant.

Natural Alternatives International, Inc. Executes New Credit Agreement with Wells Fargo Bank, National Association

On December 22, 2014, Natural Alternatives International Inc. executed a new Credit Agreement with Wells Fargo Bank, National Association. The Credit Agreement replaces the previous credit facility between NAI and Lender. The Credit Agreement is on substantially similar terms as the previous credit facility. The Credit Agreement provides NAI with a line of credit of up to $5,000,000. The line of credit may be used to finance working capital requirements. In consideration for granting the line of credit, NAI paid Lender a commitment fee of $10,000. There are no amounts currently drawn under the line of credit. Under the terms of the Credit Agreement, borrowings are subject to eligibility requirements including maintaining: net income after taxes of not less than $750,000 on a trailing four quarter basis as of the end of each calendar quarter beginning with the four quarter period ending December 31, 2014; and a ratio of total liabilities to tangible net worth of not greater than 1.25 to 1.0 at any time. Any amounts outstanding under the line of credit will bear interest at a fixed or fluctuating interest rate as elected by NAI from time to time; provided, however, that if the outstanding principal amount is less than $100,000 such amount shall bear interest at the then applicable fluctuating rate of interest. If elected, the fluctuating rate per annum would be equal to 1.75% above the daily one month LIBOR rate as in effect from time to time. If a fixed rate is elected, it would equal a per annum rate of 1.75% above the LIBOR rate in effect on the first day of the applicable fixed rate term. Any amounts outstanding under the line of credit must be paid in full on or before November 1, 2016; provided, however, that NAI must maintain a zero balance on advances under the line of credit for a period of at least 30 consecutive days during each fiscal year. Amounts outstanding that are subject to a fluctuating interest rate may be prepaid at any time without penalty. Amounts outstanding that are subject to a fixed interest rate may be prepaid at any time in minimum amounts of $100,000, subject to a prepayment fee equal to the sum of the discounted monthly differences for each month from the month of prepayment through the month in which the then applicable fixed rate term matures. The obligations of NAI to Lender under the Credit Agreement are secured by NAI's accounts receivable and other rights to payment, general intangibles, inventory, equipment and fixtures. In addition, Lender has extended the maturity date on the foreign exchange facility through November 1, 2016.

Natural Alternatives International Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Natural Alternatives International Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net income of $487,000 or $0.07 per diluted share on net sales of $18.7 million for the quarter ended September 30, 2014. Net sales increased $1.5 million or 9.0% from $17.2 million recorded in the comparable prior year period. This increase was primarily attributable to increased private label contract manufacturing sales and a $658,000 reduction in beta-alanine litigation and patent compliance expense. These increases were partially offset by reduced patent and trademark licensing revenue and increased sales, marketing and employee compensation expenses. Income from operations was $569,000 against $90,000 a year ago. Income before taxes was $661,000 against $122,000 a year ago.

 

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Price/Earnings 11.5x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 11.4x
TEV/Sales 0.3x
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