Business
Natural Health Trends Reports Third Quarter 2021 Financial Results
–Sixth consecutive quarter of positive operating income and net income–Strong balance sheet with ample liquidity–Achieved strong sales momentum in Peru, Japan
About this update from Natural Health Trends Corp.
[{"type":"text","content":"–Sixth consecutive quarter of positive operating income and net income–Strong balance sheet with ample liquidity–Achieved strong sales momentum in Peru, Japan and India–Declared a quarterly cash dividend of $0.20 per share HONG KONG, Nov. 03, 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 September 30, 2021. Third Quarter 2021 Financial Highlights Revenue of $14.3 million decreased 12% compared to $16.2 million in the second quarter of 2021 and increased 1% compared to $14.1 million in the third quarter of 2020. Operating income of $479,000 increased 24% compared to $385,000 in the second quarter of 2021 and decreased 28% compared to $668,000 in the third quarter of 2020. Net income was $471,000, or $0.04 per diluted share, compared to $229,000, or $0.02 per diluted share, in the second quarter of 2021 and $635,000, or $0.06 per diluted share, in the third quarter of 2020. The number of Active Members1 decreased 2% to 45,950 at September 30, 2021 compared to 46,860 at June 30, 2021, and decreased 14% compared to 53,300 at September 30, 2020. 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 2021 Financial Highlights Revenue of $43.9 million decreased 3% compared to $45.5 million in the first nine months of 2020. Operating income was $1.1 million compared to an operating loss of $597,000 in the first nine months of 2020. Net income was $853,000, or $0.07 per diluted share, compared to net income of $96,000, or $0.01 per diluted share, in the first nine months of 2020. Management Commentary “During the third quarter our leaders continued to face challenges in conducting their business following renewed government-mandated restrictions and shutdowns amid scattered outbreaks in COVID-19 cases. The quarter marked the first quarter since the beginning of the pandemic we were unable to sponsor any in-person member events in China, Macau or Hong Kong and we had to abruptly cancel a previously scheduled event in September. Despite these difficult circumstances, we still managed to ...