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CARLSBAD, Calif. - Natural Alternatives International, Inc. (NASDAQ:NAII), a nutritional supplement manufacturer with annual revenue of $125.48 million, has amended its credit facility with Wells Fargo Bank, extending the term to December 31, 2026, and modifying the borrowing capacity to $10 million, according to a press release statement issued Monday. InvestingPro analysis indicates the company maintains a healthy liquidity position with a current ratio of 2.51.
The nutritional supplement manufacturer, which specializes in formulating and marketing customized nutritional products, indicated the amended agreement will support its working capital needs as it pursues revenue growth and aims to return to sustainable profitability. Operating with gross profit margins of 5.72%, the company faces profitability challenges according to InvestingPro data.
"We are grateful for our long-standing relationship with Wells Fargo and we believe this amended credit facility is made possible by the strength of our balance sheet," said Mark A. Le Doux, Chairman and Chief Executive Officer of NAI.
Natural Alternatives International provides various services to its clients, including scientific research, clinical studies, product formulation, testing, and marketing support. The company also assists with packaging design, regulatory review, and international product registration.
The Carlsbad-based company’s announcement comes as part of its ongoing financial strategy. The credit facility amendment represents a continuation of the existing banking relationship between NAI and Wells Fargo.
The company noted in its statement that the facility is expected to be sufficient for its operational needs while it works toward its stated financial objectives. With a market capitalization of $20.45 million and trading at a price-to-book ratio of 0.27, InvestingPro analysis suggests the stock is currently undervalued.
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