Merion, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 12:17 pm EDT
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Merion, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 29,124 compared to USD 1.477 million a year ago. Operating loss was USD 434,436 compared to operating Income of USD 782,031 a year ago. Net loss was USD 466,119 compared to net income of USD 777,255 a year ago. For the half year, total revenue was USD 95,112 compared to USD 1.626 million a year ago. Operating loss was USD 985,826 compared to operating income of USD 300,966 a year ago. Net loss was USD 1.058 million compared to net income of USD 555,131 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. 
