NAII Stock Gains Despite Wider Loss, Cash Still the Focus
Natural Alternatives International shares rose 1.8% to $2.59 after reporting a fiscal third-quarter loss of $4.3 million on $35.5 million in revenue. Gross margin fell to 1.1% as sales rose 23%. The company replaced Wells Fargo debt with an $11 million term loan and a $20 million working-capital line from Legacy Corporate Lending. Management plans to sell its headquarters for added liquidity.