M&A
confidence high
sentiment positive
materiality 0.75
USANA acquires controlling interest in Hiya Health Products; Hiya posts $80.9M revenue, $14.9M net income in 9M 2024
USANA HEALTH SCIENCES INC
- USANA acquired controlling interest in Hiya on Dec 23, 2024; audited financials of Hiya now filed.
- Hiya's revenue $80.9M, net income $14.9M for nine months ended Sep 30, 2024.
- Hiya's FY2023 revenue $68.4M, net loss $467.8K; shows significant growth.
- Hiya had $3.85M cash, $8.15M inventory, and zero line-of-credit borrowings as of Sep 30, 2024.