NAII · Natural Alternatives International Inc · Share Buybacks
Substantial doubt about the company's ability to continue as a going concern.
“Management identified the following conditions that raised substantial doubt about the Company's ability to continue as a going concern: • Continued net losses and negative operating cash flows; • A forecasted inability to meet the financial covenant requirements of Legacy for the nine months ending September 30, 2026; and • Our inability to satisfy amounts owed under the current credit facility and term loan with cash currently available in the event Legacy elects to exercise its rights under the credit facility in the event of non-compliance regarding default actions against the Company. While management plans to take the actions noted above, there can be no assurance we will be successful in our efforts to obtain a waiver, amendment, or obtain alternative financing or avoid future issues maintaining compliance with financial covenants.”View the 10-K filed Sep 28, 2026
One customer — 27% of revenue (nine months ended March 31, 2026)
“Revenue concentration for our largest private-label contract manufacturing customer as a percentage of total net sales for the nine months ended March 31, 2026 was 27%”
One customer — 35% of revenue (nine months ended March 31, 2025)
“revenue concentration for our largest private-label contract manufacturing customer as a percentage of total net sales for the nine months ended March 31, 2025 was 35%”
Share-repurchase activity from the company's own XBRL filings — cash spent buying back common stock per fiscal year and per recent quarter, share counts where the company tagged them, and the buyback program's authorization — paired with the company's at-the-market (ATM) equity offering programs, the dilution side of the same picture. Repurchase amounts come exclusively from tagged SEC data; program figures with no tagged equivalent (untagged authorizations and all ATM figures) are read from the filing's own text and shown only after verification.
Cash spent on buybacks by quarter
Cash deployed each quarter. Δ marks quarters derived from the company's cumulative year-to-date disclosures.
Repurchase History
| Fiscal Year Ended | Cash Spent | Source |
|---|---|---|
| 2026-06-30 | $89,000 | 10-K, filed 2026-09-28 |
| 2025-06-30 | $178,000 | 10-K, filed 2026-09-28 |
| 2024-06-30 | $221,000 | 10-K, filed 2025-09-23 |
| 2023-06-30 | $1,503,000 | 10-K, filed 2024-09-27 |
| 2022-06-30 | $5,503,000 | 10-K, filed 2023-09-21 |
| 2021-06-30 | $4,147,000 | 10-K, filed 2022-09-21 |
| 2020-06-30 | $3,747,000 | 10-K, filed 2021-09-20 |
| 2019-06-30 | $1,367,000 | 10-K, filed 2020-09-21 |
| 2018-06-30 | $510,000 | 10-K, filed 2019-09-24 |
| 2017-06-30 | $712,000 | 10-K, filed 2018-09-19 |
| 2016-06-30 | $648,000 | 10-K, filed 2017-09-18 |
| 2015-06-30 | $2,021,000 | 10-K, filed 2016-09-19 |
| 2014-06-30 | $60,000 | 10-K, filed 2015-09-18 |
| 2013-06-30 | $703,000 | 10-K, filed 2014-09-25 |
| 2012-06-30 | $405,000 | 10-K, filed 2013-09-19 |
| 2011-06-30 | $426,000 | 10-K, filed 2012-09-21 |