Merion, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 03:19 pm EST
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Merion, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 97,811 compared to USD 53,560 a year ago. Operating loss was USD 534,318 compared to USD 566,387 a year ago. Net loss was USD 556,074 compared to USD 581,077 a year ago. For the nine months, total revenue was USD 1.723 million compared to USD 250,306 a year ago. Operating loss was USD 233,352 compared to USD 1.997 million a year ago. Net loss was USD 943 compared to USD 1.946 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 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. 
