Natural Alternatives International, Inc. (NAII) has reported an 105.28 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $2.49 million, or $0.37 a share in the quarter, compared with $1.21 million, or $0.18 a share for the same period last year.
Revenue during the quarter surged 57.83 percent to $34.07 million from $21.58 million in the previous year period. Gross margin for the quarter expanded 58 basis points over the previous year period to 22.51 percent. Total expenses were 89.62 percent of quarterly revenues, down from 91.99 percent for the same period last year. This has led to an improvement of 237 basis points in operating margin to 10.38 percent.
Operating income for the quarter was $3.54 million, compared with $1.73 million in the previous year period.
Mark A. Le Doux, Chairman and Chief Executive Officer stated, "Our first fiscal quarter was outstanding on a year over year comparative basis, both revenues and profits soared for the period.
"Now that we have concluded much of our capacity enhancements in both California and Switzerland, we are focused on expanding our sales partnerships throughout the world. We look forward to continued growth as strategic sales initiatives, new product introductions, and new product registrations allow."
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