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Natural Health Trends Reports Q4 Revenue of $16.6 Million

BY DSN Staff | February 11, 2021 | read / Daily News / Financial

Natural Health Trends Corp. announced financial results for its fourth quarter and full year performance. Fourth quarter revenue increased 17% compared to the previous quarter, reaching $16.6 million.

Operating income for the fourth quarter was $1.3 million—a striking contrast to the operating loss of $3.2 million in the fourth quarter of 2019, which included an impairment charge of $1.8 million with the adoption of a new accounting standard that arose from a merger in 2004.

Net income was $747,000, or $0.07 per diluted share, compared to $635,000, or $0.06 per diluted share, in the previous quarter. Active member numbers decreased slightly, totaling 52,230 by year end.

Full-year financial reports for 2020 revealed a 20% decrease in revenue from 2019, resulting in $62.1 million, and a net income of $843,000, or $0.07 per diluted share.

“2020 revenue of $62.1 million decreased 20% compared to $77.6 million in 2019 as elements such as government-mandated travel restrictions, shutdowns and limitations surrounding in-person events and activities hindered our leaders’ ability to conduct business,” commented Chris Sharng, President of Natural Health Trends Corp. “However, for the fourth quarter of 2020, revenue of $16.6 million increased 17% over the third quarter of 2020 with orders improving 14% as restrictions began to ease in our key markets.”

The company’s net cash flow provided by operating activities was $1.9 million in 2020, compared to net cash used in operating activities of $18.6 million in 2019. Total cash and cash equivalents were $92.4 million, down from $96 million in 2019.

“The cost savings initiatives we implemented in the second half of 2019 resulted in 2020 cost reductions of over $9.0 million year-over-year,” Sharng said. “As a result, we reported positive operating income for both the full year and the third consecutive quarter which helped fuel positive cash provided by operating activities in 2020.”

Posted in Daily News, Financial and tagged Chris Sharng, Natural Health Trends.
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