Natural Health Trends Announces Second Quarter 2018 Preliminary Revenue Estimate
LOS ANGELES, July 12, 2018 (GLOBE NEWSWIRE) -- 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 second quarter of 2018.
The Company estimates total revenue for the second quarter ended June 30, 2018 to be $50.9 million, representing a decrease of 1% compared to $51.5 million in the second quarter of 2017 and a decrease of 3% compared to $52.4 million in the first quarter of 2018. The Company further estimates that its deferred revenue at June 30, 2018 was $3.8 million, compared to $4.1 million at March 31, 2018. At June 30, 2017, deferred revenue was $4.0 million, compared to $4.3 million at March 31, 2017.
“The second quarter reflected a continuation of the momentum we have been experiencing since the fourth quarter of 2017,” commented Chris Sharng, President of Natural Health Trends Corp. “However, during the quarter we held most of the out-of-market activities, including incentive trips to Australia and Seattle, for which the performance-based qualifications concluded in previous periods. While our members’ travel, coupled with an uncertain global trade environment and currency headwinds, muted our second quarter sales growth, we were pleased to have maintained our order volume from the first quarter of 2018.”
The Company expects to issue its complete second quarter 2018 financial results in early August. 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 second quarter 2018 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 Statements
Safe 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 27, 2018 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
Released July 12, 2018