Merion, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 04:01 pm EST
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Merion, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.000542 million compared to USD 0.00887 million a year ago. Revenue was USD 0.169822 million compared to USD 0.041697 million a year ago. Net loss was USD 0.220462 million compared to USD 0.442621 million a year ago.
For the nine months, sales was USD 0.017923 million compared to USD 0.038624 million a year ago. Revenue was USD 1.37 million compared to USD 0.136809 million a year ago. Net loss was USD 1.04 million compared to USD 1.5 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 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. 
