Business
Natural Health Trends Reports First Quarter 2021 Financial Results
Fourth consecutive quarter of positive operating income and net incomeStrong balance sheet with ample liquidity and $90.2 million in cash and cash
About this update from Natural Health Trends Corp.
[{"type":"text","content":" Fourth consecutive quarter of positive operating income and net incomeStrong balance sheet with ample liquidity and $90.2 million in cash and cash equivalentsSecond consecutive quarter of positive cash flow from operationsAchieved strong sales momentum in Japan, India, Peru, Europe and MalaysiaDeclared a quarterly cash dividend of $0.20 per share HONG KONG, May 05, 2021 (GLOBE NEWSWIRE) -- Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced its financial results for the quarter ended March 31, 2021. First Quarter 2021 Financial Highlights Revenue of $13.5 million decreased 10% compared to $14.9 million in the first quarter of 2020 due to a $1.1 million increase in deferred revenue which the Company expects to recognize as revenue in the second quarter of 2021. Orders taken were relatively consistent with the first quarter of 2020.Operating income was $220,000 compared to an operating loss of $1.4 million in the first quarter of 2020.Net income was $153,000, or $0.01 per diluted share, compared to a net loss of $573,000, or $0.05 per diluted share, in the first quarter of 2020.The number of Active Members1 decreased 5% to 49,420 at March 31, 2021 compared to 52,230 at December 31, 2020, and decreased 13% compared to 56,490 at March 31, 2020. 1 Natural Health Trends defines Active Members as those that have placed at least one product order with the Company during the preceding twelve-month period. Management Commentary “Following a highly productive January, severe government-mandated restrictions and limitations surrounding in-person events and the Chinese New Year holiday restricted our leaders from properly conducting business,” commented Chris Sharng, President of Natural Health Trends Corp. Mr. Sharng continued, “That said, our first quarter order trends sustained positive momentum with order volume approaching levels achieved in the prior year quarter. A strong contributor to our order volume was our January in-person training event which attracted nearly 700 participants. We also saw notable progress in Japan, India, Peru, Europe and Malaysia which all experienced strong top-line growth year-over-year. In an effort to further boost sales, we began the imple...