Business
Natural Health Trends Reports Third Quarter 2020 Financial Results
– Maintained profitability with third quarter earnings per share improving to $0.06 – Achieved positive third quarter sales momentum in markets outside of
About this update from Natural Health Trends Corp.
[{"type":"text","content":"– Maintained profitability with third quarter earnings per share improving to $0.06 – Achieved positive third quarter sales momentum in markets outside of Hong Kong– Strong balance sheet with ample liquidity– Declared a quarterly cash dividend of $0.20 per share\n HONG KONG, Nov. 04, 2020 (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 third quarter ended September 30, 2020. Third Quarter 2020 Financial Highlights Revenue of $14.1 million decreased 14% compared to $16.4 million in the second quarter of 2020 and decreased 17% compared to $17.0 million in the third quarter of 2019.Operating income was $668,000 compared to $183,000 in the second quarter of 2020 and a loss of $1.1 million in the third quarter of 2019.Net income was $635,000, or $0.06 per diluted share, compared to $34,000, or break-even per diluted share, in the second quarter of 2020 and net loss of $1.2 million, or $0.12 per diluted share, in the third quarter of 2019.The number of Active Members1 decreased 2% to 53,300 at September 30, 2020 compared to 54,370 at June 30, 2020, and decreased 22% compared to 68,150 at September 30, 2019. 1Natural Health Trends defines Active Members as those that have placed at least one product order with the Company during the preceding twelve-month period. Year-to-Date 2020 Financial Highlights Revenue of $45.5 million decreased 24% compared to $59.8 million in the first nine months of 2019.Operating loss was $597,000 compared to a loss of $3.8 million in the first nine months of 2019.Net income was $96,000, or $0.01 per diluted share, compared to a net loss of $2.8 million, or $0.25 per diluted share, in the first nine months of 2019. Management Commentary “The challenging macroeconomic conditions inherent in the global economy as a result of the COVID-19 pandemic continued to weigh on our financial performance with third quarter revenue of $14.1 million down 14% compared to the prior quarter,” commented Chris Sharng, President of Natural Health Trends Corp. “Our total third quarter orders were relatively consistent with both the prior quarter and the first quarter of 2020 with our deferred revenue balance inc...