Sunwin Stevia International, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2021
March 15, 2021 at 04:06 pm EDT
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Sunwin Stevia International, Inc. announced earnings results for the third quarter ended January 31, 2021. For the third quarter, the company announced total revenue was USD 6.986 million compared to USD 5.203 million a year ago. Operating loss was USD 1.779 million compared to USD 960,369 a year ago. Net loss was USD 1.079 million compared to USD 1.181 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago. For the nine months, total revenue was USD 18.460 million compared to USD 19.255 million a year ago. Operating loss was USD 3.361 million compared to USD 571,975 a year ago. Net loss was USD 2.145 million compared to USD 1.373 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
Sunwin Stevia International, Inc. sells stevioside, a natural sweetener, and herbs used in traditional Chinese medicines and veterinary products. The Company operates through two segments related to its product lines: Stevioside, which produces and sells a range of purified steviol glycosides with rebaudioside A and stevioside as the principal components; a natural, low calorie sweetener, and OnlySweet, a stevioside-based table top sweetener, and Chinese medicines, which manufactures and sells traditional Chinese medicine formula extracts, which are used in products made for use by both humans and animals. The Company engages in new product development both through its internal research facilities, industry consultants and specialists to provide research and development for the planting of stevia plants, for the development of biological methods to improve lower-grade stevia product to higher-grade stevia, and for the application of biological method to change the taste of stevia.