Merion, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 02:36 pm EST
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Merion, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 41,697 compared to USD 97,811 a year ago. Operating loss was USD 408,887 compared to USD 534,318 a year ago. Net loss was USD 442,621 compared to USD 556,074 a year ago. For the nine months, total revenue was USD 136,809 compared to USD 1.723 million a year ago. Operating loss was USD 1.394 million compared to USD 233,352 a year ago. Net loss was USD 1.501 million compared to USD 943 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. 
