Natural Health Trends Corp. announced revenue of $16.4 million for the second quarter ended June 30, 2020.
The Hong Kong-based company, which markets its personal care and wellness products under the NHT Global brand, reported that the Q2 revenue increased 10 percent compared to $14.9 million in the first quarter of 2020 and decreased 30 percent compared to $23.4 million in the second quarter of 2019.
The company also shared that the number of Active Members decreased 4 percent to 54,370 at June 30, 2020 compared to 56,490 at March 31, 2020, and decreased 31 percent compared to 78,280 at June 30, 2019.
“The second quarter marked a continuation of the challenging macroeconomic climate we experienced during the first quarter of 2020 as the COVID-19 pandemic persisted into the summer months,” said Chris Sharng, president of Natural Health Trends Corp. “We were very pleased with the stability and resilience of our field leadership which helped us generate a 10 percent sequential increase in our second quarter revenue to $16.4 million. In addition, our aggressive cost reduction measures enabled us to return to profitability during the quarter. We remain cautiously optimistic the macroeconomic situation will continue to improve in the second half of 2020.”
Revenue for the first six months of 2020 was $31.4 million, a decrease of 27 percent compared to $42.8 million in the first six months of 2019.
To read the complete NHT Q2 2020 report, click here.