Natural Health Trends Corp
May 4, 2022
Natural Health Trends Corp. said first-quarter 2022 revenue was 11.5 million dollars, down 14 percent from 13.5 million dollars a year earlier. The company posted a net loss of 105,000 dollars, or 1 cent per diluted share, versus net income of 153,000 dollars a year earlier. Active members fell 3 percent sequentially to 44,490.
President Chris Sharng said Hong Kong and China COVID restrictions disrupted logistics and blocked in-person events after Chinese New Year, while Japan and Southeast Asia momentum continued. Cash and cash equivalents were 79.4 million dollars at March 31. The board declared a 20-cent quarterly dividend payable May 27, 2022, to holders of record May 17, 2022.