Natural Health Trends Corp. announced fourth quarter revenue of $16.1 million, a 13% increase over the third quarter of the same year, but a slight decline (-3%) from the fourth quarter of 2020. Net income was $232,000, down from $471,000 in the third quarter of 2021 and $747,000 in the fourth quarter of 2020. Active members during the quarter were slightly down to 45,760 at the end of 2021, compared to 45,950 at the end of the third quarter of 2021 and 52,230 at the end of 2020.
“We were pleased to report fourth quarter revenue of $16.1 million, an increase of 13% over the third quarter of 2021,” said Chris Sharng, President of Natural Health Trends Corp. “The top-line improvement reflected double-digit growth in order volume given our increased ability to adapt to the ever-changing macroeconomic environment resulting from the pandemic. The increase in order volume resulted in our deferred revenue balance growing by $2.5 million from September 30 to December 31, 2021. Additionally, we reported our seventh consecutive quarter of positive operating income and net income.”
Full year 2021 financial reports include $60 million in revenue, a slight decrease (-3%) from $62.1 million in 2020. Operating income was up significantly to $1.6 million, compared to $669,000 in 2020. Net income was also up, totaling $1.1 million, compared to $843,000 in 2020.
“As we look ahead into 2022, the effects of the COVID-19 pandemic, and the associated government-mandated restrictions and lockdowns, will likely continue to present headwinds to our business,” Sharng said. “However, we believe we can continue to support our order volume due to the unwavering hard work and dedication of our employees, leaders and members, coupled with our ability to quickly respond and adapt to changing market conditions. We are guardedly optimistic we will benefit from a gradual resumption of in-person member events and activities going forward.”
The company’s balance sheet at the end of 2021 showed net cash of $1 million, and total cash and cash equivalents of $83.8 million.
