Natural Health Trends Announces Fourth Quarter and Full Year 2017 Preliminary Revenue Estimates
January 16 2018 - 09:00AM
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 its preliminary revenue estimates for the
fourth quarter and full year of 2017.
The Company estimates total revenue for the fourth quarter ended
December 31, 2017 to be $46.1 million, representing a decrease
of 26% compared to $62.3 million in the fourth quarter of 2016 and
an increase of 15% compared to $40.1 million in the third quarter
of 2017. For the full year ended December 31, 2017, the Company
estimates total revenue to be $197.6 million, compared to $287.7
million in 2016. The Company further estimates that its deferred
revenue at December 31, 2017 was $4.5 million, compared to
$3.6 million at September 30, 2017. At December 31, 2016,
deferred revenue was $4.9 million, compared to $4.2 million at
September 30, 2016.
“Our revenue estimate reflects the first sequential quarter
increase in net sales that we have experienced since the second
quarter of 2016,” commented Chris Sharng, President of Natural
Health Trends Corp. “We have been working with our leaders to
revitalize growth and believe the enhancements to our commission
programs, coupled with incentive trips and training programs held
during the quarter and throughout the year helped deliver improved
sales. We look forward to a productive first-half event to kick off
2018 ahead of the Chinese New Year later this month.”
The Company expects to issue its complete fourth quarter and
full year 2017 financial results in mid-February. The revenue
estimates 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
fourth quarter and full year 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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