Natural Alternatives International (NAII) risk factors
Item 1A of every Natural Alternatives International Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2026 10-K risk factors22 risks3 new4 reworded
Three years of losses and negative cash flow now create substantial doubt about NAII’s ability to continue as a going concern.
Filed Sep 28, 2026 - FY2025 10-K risk factors22 risks3 reworded
Operating loss increased in fiscal 2025 despite higher net sales. The company shifted its fiscal 2026 profit outlook, expecting a first-half loss and second-half net income. Geopolitical risk disclosures now explicitly include the Middle East alongside Ukraine.
Filed Sep 23, 2025 - FY2024 10-K risk factors22 risks
Concentrated customer base creates extreme dependency risk, with three customers accounting for 68% of consolidated net sales. Single-source supply chain vulnerability exists for beta-alanine used in CarnoSyn products. Extensive government regulations govern nutritional supplement manufacturing, packaging, and labeling across global markets.
Filed Sep 27, 2024