Natural Health Trends Corp
May 1, 2024
HONG KONG, May 1, 2024 --
Natural Health Trends Corp. reported first-quarter 2024 net sales of 11.0 million dollars, down 8 percent from 11.9 million dollars a year earlier, saying the decline was entirely due to a 1.0 million dollar increase in deferred revenue as orders outpaced fulfillment.
Net income was 188,000 dollars, or 0.02 dollars per diluted share, compared with 257,000 dollars, or 0.02 dollars, a year earlier. Orders rose 11 percent sequentially and 1 percent year over year, the first time in six years first-quarter orders exceeded the prior fourth quarter. Operating cash flow turned positive at 549,000 dollars.
Active Members fell 2 percent sequentially and 18 percent year over year to 31,620. Cash, cash equivalents and marketable securities totaled 54.4 million dollars. The board declared a quarterly cash dividend of 0.20 dollars per share payable May 24, 2024.