Twinlab Consolidated Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:57 pm EDT
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Twinlab Consolidated Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 18.109 million compared to USD 12.212 million a year ago. Operating income was USD 2.787 million compared to operating loss of USD 245,000 a year ago. Net income was USD 1.082 million compared to net loss of USD 1.362 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, sales was USD 37.570 million compared to USD 28.641 million a year ago. Operating income was USD 5.358 million compared to operating loss of USD 2.222 million a year ago. Net income was USD 1.465 million compared to net loss of USD 6.526 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
Twinlab Consolidated Holdings, Inc. is a marketer, distributor and direct-to-consumer retailer of branded nutritional supplements and other natural products sold to and through domestic health and natural food stores, mass market retailers, specialty store retailers, on-line retailers, and websites. Internationally, the Company markets and distributes branded nutritional supplements and other natural products to and through health and natural product distributors and retailers. Through NutraScience Labs, it also provides services between private label distributors and contract manufacturers. Its services business involved the facilitation of manufacture of custom products. Its products include vitamins, minerals, resveratrol, collagen, keratin, skincare and sports nutrition products primarily under the Twinlab, Reserveage and ResVitale brands. It also markets and sells diet and energy products under the Metabolife brand and a full line of herbal teas under the Alvita brand.
TWINLAB CONSOLIDATED HOLDINGS, INC. 
