Merion, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 04:01 pm
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Merion, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 761,107 compared to USD 29,124 a year ago. Operating loss was USD 545,822 compared to USD 434,436 a year ago. Net loss was USD 520,436 compared to USD 466,119 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, total revenue was USD 1.196 million compared to USD 95,112 a year ago. Operating loss was USD 844,627 compared to USD 985,826 a year ago. Net loss was USD 818,076 compared to USD 1.058 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
Merion, Inc. is a provider of health and nutritional supplements and personal care products. The Company focuses on nutritional and beauty products, and OEM and packaging products. The Company mainly sells its products over the Internet directly to end-user customers through its Website, www.merionus.com, and to wholesale distributors through phone and electronic communication. The Company's major customers for its nutritional and beauty products are located in the Asian market, predominantly in the People's Republic of China. The Company's major customers for its original equipment manufacturer (OEM) and packaging products are located in the United States. The Company's products include Noir Naturel, Viwooba (1-3), Lady-S, ReMage-Power, Gold King, Tai Bao, and New Power. The Company also provides OEM and packaging services for hard capsules, tablets, solid beverages (sachet packaging), teabags, powder, granules, dietary supplements, soft gel capsules, and health foods.
MERION, INC. 