Filing Flows › Natural Alternatives International (NAII) › Q3 FY25
Natural Alternatives International (NAII) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 14, 2025
Natural Alternatives International (NAII) reported revenue of $28.8M for the third quarter fiscal 2025 (Q3 FY25), +14% from a year earlier and -16% from the quarter before. Operating margin was -7.3%, net loss $2.2M (7.6% of revenue).
Natural Alternatives International, Q3 FY25: revenue $28.8M (+14% year over year), operating margin -7.3%, net loss $2.2M, operating cash flow $6.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.8M | -16% | +14% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | $6.0M | 162× | — |
| Free cash flow | $5.2M | — | — |
What changed
Revenue was $28.8M in Q3 FY25, up 14% year over year and down 16% from the previous quarter. Private Label Contract Manufacturing was the largest line at 94% of revenue. Private Label Contract Manufacturing added $4.6M year over year (up 20%), 127% of the total change. Patent and Trademark Licensing declined 36%.
Gross margin was 6.3%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $2.1M, an operating margin of -7.3%. Operating expenses grew 1% against revenue growth of 14%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.2M loss.
Operating cash flow was $6.0M. Non-cash charges added back $1.1M of depreciation and amortization and $245K of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $802K left free cash flow of $5.2M.
Questions
What was Natural Alternatives International's revenue in the third quarter fiscal 2025?
Natural Alternatives International (NAII) reported revenue of $28.8M for the third quarter fiscal 2025 (Q3 FY25), +14% from a year earlier and -16% from the quarter before.
Was Natural Alternatives International profitable in the third quarter fiscal 2025?
Operating loss was $2.1M (-7.3% of revenue) and net loss $2.2M.
Source: Natural Alternatives International 10-Q on SEC EDGAR.