Merion, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 30, 2021 at 04:40 pm EDT
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Merion, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 439,033 compared to USD 1.807 million a year ago. Operating loss was USD 1.813 million compared to USD 913,373 a year ago. Net loss was USD 1.818 million compared to USD 722,404 a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 
