Natural Health Trends Corp
August 3, 2022
Natural Health Trends said second-quarter 2022 revenue was 13.4 million dollars, down 17 percent from a year earlier but up 16 percent from the first quarter. Operating income was 215,000 dollars and net income was 183,000 dollars, or 2 cents per diluted share. Active members fell 3 percent sequentially and 8 percent year over year to 43,020.
President Chris Sharng said COVID lockdowns, social restrictions, and supply-chain bottlenecks in Greater China continued to disrupt in-person activity. The company rolled out a new virtual training system for Greater China members and pointed to growth initiatives in Europe after an in-person Sweden event. Cash and cash equivalents were 75.6 million dollars at June 30. The board declared a quarterly cash dividend of 20 cents per share payable August 26, 2022.