Natural Health Trends Announces Third Quarter 2017 Preliminary Revenue Estimate
October 13 2017 - 04:05PM
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 its preliminary revenue estimate for the
quarter ended September 30, 2017.
The Company estimates total revenue for the third quarter to be
$40.1 million, compared to $70.7 million in the third quarter of
2016. The Company further estimates that its deferred revenue at
September 30, 2017 was $3.6 million, compared to $4.0 million
at June 30, 2017. At September 30, 2016, deferred revenue was
$4.2 million, compared to $8.8 million at June 30, 2016.
“While our preliminary revenue estimate for the third quarter of
2017 reflects a year-over-year and quarter-over-quarter decline, we
remain on track to revitalize sales growth,” commented Chris
Sharng, President of Natural Health Trends Corp. “During the
quarter, a temporary slowdown related to the 20th anniversary of
Hong Kong's handover and the upcoming 19th National Congress of the
Communist Party of China scheduled for mid-October tempered our
progress.”
Mr. Sharng continued, “Despite the challenging environment
during the quarter, a number of our markets achieved double-digit
sales growth including Peru, Europe, Southeast Asia and Japan. We
have provided targeted training programs and implemented
enhancements to our international recognition program and matching
bonus to better support our leaders, who remain enthusiastic and
dedicated to their own sales growth and the overall Company’s
success.”
The Company expects to issue its complete third quarter 2017
financial results in early November. The revenue estimate is
preliminary and has not yet been reviewed by the Company’s
independent accountants. Significant updates and revisions may be
required before the release of the Company’s third 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, the Americas, 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 DavidsonSenior Vice
President and Chief Financial OfficerNatural Health Trends
Corp.Tel: 310-541-0888scott.davidson@nhtglobal.com
Investors:ADDO Investor RelationsTel:
310-829-5400investor.relations@nhtglobal.com
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