Natural Health Trends Announces Second Quarter 2017 Preliminary Financial Results
July 14 2017 - 9:00AM
Natural Health Trends Corp. (NASDAQ:NHTC), a leading direct-selling
and e-commerce company that markets premium quality personal care,
wellness, and “quality of life” products under the NHT Global
brand, today announced preliminary financial results for the
quarter ended June 30, 2017.
The Company estimates total revenue for the second quarter to be
$51.5 million, compared to $80.4 million in the second quarter of
2016. The Company further estimates that its deferred revenue at
June 30, 2017 was $4.0 million, compared to $4.3 million at
March 31, 2017. At June 30, 2016, deferred revenue was $8.8
million, compared to $6.5 million at March 31, 2016.
Earnings per diluted share for the second quarter are estimated
to be in the range of $0.85 to $0.90, compared to $1.07 per diluted
share in the second quarter of 2016.
“Our preliminary revenue estimate for the second quarter of 2017
remained under pressure as our leaders continued to progress
through the slowdown we have been experiencing in our Asian markets
since the third quarter of 2016,” commented Chris Sharng, President
of Natural Health Trends Corp. “In order to reinvigorate
momentum in Asia, we have enhanced our incentive programs, launched
new promotions and prepared for our summer event in Kuala Lumpur.
Further, the second quarter of 2016 presented a difficult
year-over-year comparison as a significant product price increase
was phased in starting from June last year, pulling demand forward
into the quarter a year ago, which led to record product orders.
Partially offsetting the sales decline during the second quarter of
2017 was strength in Europe and the market opening in Peru as well
as a positive response to our recent product introductions.
Importantly, we have been able to successfully retain all of our
top ranked leaders through these challenging times and morale
remains strong.”
The Company expects to issue its complete second quarter 2017
financial results in early August. The estimates for the
Company’s financial results are preliminary and have not yet been
reviewed by the Company’s independent accountants. Significant
updates and revisions may be required before the release of the
Company’s second quarter 2017 financial results. In addition,
the Company’s financial results will include other factors
necessary to calculate additional financial metrics, including
gross profit and net income.
About Natural Health Trends Corp.Natural Health
Trends Corp. (NASDAQ:NHTC) is an international direct-selling and
e-commerce company operating through its subsidiaries throughout
Asia, North America, and Europe. The Company markets premium
quality personal care products under the NHT Global brand.
Additional information can be found on the company’s website at
www.naturalhealthtrendscorp.com.
Forward-Looking StatementsSafe Harbor Statement
under the Private Securities Litigation Reform Act of 1995 --
Forward-looking statements in this press release do not constitute
guarantees of future performance. Such forward-looking
statements are subject to risks and uncertainties that could cause
the Company’s actual results to differ materially from those
anticipated. Such risks and uncertainties include the risks
and uncertainties detailed under the caption “Risk Factors” in
Natural Health Trends Corp.’s Annual Report on Form 10-K filed on
March 10, 2017 with the Securities and Exchange Commission.
The Company assumes no obligation to update any forward-looking
information contained in this press release or with respect to the
announcements described herein.
CONTACTS:
Company Contact:
Scott Davidson
Senior Vice President and Chief Financial Officer
Natural Health Trends Corp.
Tel: 310-541-0888
scott.davidson@nhtglobal.com
Investors:
ADDO Investor Relations
Tel: 310-829-5400
investor.relations@nhtglobal.com
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