Natural Health Trends Reports Second Quarter Revenue of $13.4 Million
Natural Health Trends Corp. reported a 16% sequential increase in revenue, totaling $13.4 million, from $11.5 million in the first quarter of this year. Year over year, revenue fell 17% from $16.2 million in the second quarter of 2021.
Operating profit was $215,000 compared to an operating loss of $383,000 in the first quarter of the year and down from an operating profit of $385,000 in the second quarter of 2021. Net income also improved during the first quarter to $183,000 ($0.02 per diluted share), compared to a net loss of $105,000 in the first quarter ($0.01 per diluted share). diluted share), but down from second quarter net income of $229,000 ($0.02 per share) last year.
Active members fell 8% from the second quarter of last year to just over 43,000.
“We continued to face significant and unpredictable COVID-related disruptions in the second quarter as lockdowns and social restrictions, as well as supply chain bottlenecks, persisted in Greater China,” said said Chris Sharng, president of Natural Health Trends Corp. to host larger in-person activities, we ended the quarter strong with a well-attended virtual event and our members’ positive response to promotional incentives. In June, working closely with our leaders, we rolled out a new virtual training system that integrates company-sponsored product training with member-led business, motivation and leadership training to better support members’ continued development and engagement in the Greater China market. ”
At the end of the quarter, the company’s total cash and cash equivalents were $75.6 million and the board declared a quarterly cash dividend of $0.20 on each share. ordinary in circulation.
“We are encouraged by the growth in the European market coming from our Swedish team after hosting a successful face-to-face event in April,” said Sharng. “In other markets outside of Greater China, we have supported our members both online and in person through virtual events, incentive trips and local sales initiatives aimed at driving the growth of members and customers. We remain committed to the fundamentals of our business and the implementation of future growth strategies with the aim of returning value to our shareholders. »