Watch for updates on the sale of the Carlsbad facility and the strategic alternatives review, which could lead to a merger, acquisition, or sale of the company. Monitor next quarter for progress on cost reduction and capacity utilization improvements.
Price Chart
Executive Summary
NAI reported Q4 FY2026 net sales of $34.5M (+1.9% YoY) but a net loss of $13.5M ($2.23/diluted share), including a $10.4M non-cash impairment charge. Full-year sales rose 10% to $142.5M, yet the net loss widened to $20.7M due to factory underutilization. The company is consolidating manufacturing into its Vista, CA facility and exploring strategic alternatives including a potential sale.
Key Financial Metrics
Key Facts
- Q4 FY2026 net sales $34.5M, up 1.9% YoY from $33.9M
- Q4 net loss $13.5M ($2.23/diluted share) vs $7.2M loss ($1.20) a year ago
- Includes $10.4M non-cash impairment charge for Carlsbad facility
- Full-year net loss $20.7M ($3.43/diluted share) vs $13.6M ($2.28) in FY2025
- Full-year net sales $142.5M, up 10% YoY from $129.9M
- Private-label contract manufacturing sales up 11% to $134.6M for the year
- CarnoSyn royalty/licensing revenue down 2% to $7.9M for the year
- Cash $7.5M, working capital $27.7M, borrowing capacity $17.7M with $7.7M drawn
- Consolidating USA manufacturing into Vista, CA; exploring strategic alternatives including sale
Financial Impact
Q4 net loss of $13.5M vs $7.2M loss YoY; full-year net loss $20.7M vs $13.6M; impairment charge of $10.4M
Risk Factors
- Continued underutilization of manufacturing capacity could lead to further losses
- Execution risk in consolidating operations into Vista facility
- Potential for further impairment charges if asset sales are delayed or below carrying value
- Declining cash and working capital may pressure liquidity
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3370279 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | DEF 14A | $1.15 $1.13 | ▲ +1.74% | ▲ +2.30% | $1.13 (+1.74%) |
Sep 28, 2026 29d ago | Press Release | $1.47 $1.49 | ▼ −1.36% | ▼ −1.57% | $1.13 (+23.13%) |
May 19, 2026 23w ago | Press Release | $2.56 $2.59 | ▼ −1.17% | ▼ −0.13% | $1.13 (+55.86%) |
May 1, 2026 25w ago | 8-K | $2.67 $2.61 | ▼ −2.25% | ▼ −3.04% | $1.13 (−57.68%) |
US Market Status
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