Natural Health Trends Announces Fourth Quarter and Full Year 2016 Preliminary Financial Results
18 January 2017 - 1:00AM
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 fourth
quarter and full year of 2016.
The Company estimates total revenue for the fourth quarter ended
December 31, 2016 to be $62.3 million, which represents a
decrease of 15% compared to $73.7 million in the fourth quarter of
2015. For the full year ended December 31, 2016, the Company
estimates total revenue to be $287.7 million, which represents an
increase of 9% compared to $264.9 million in 2015. The Company
further estimates that its deferred revenue at December 31,
2016 was $4.9 million, compared to $4.2 million at September 30,
2016. At December 31, 2015, deferred revenue was $4.0 million,
compared to $4.5 million at September 30, 2015.
Earnings per diluted share for the fourth quarter ended December
31, 2016 are estimated to be in the range of $1.50 to $1.70,
compared to $1.13 per diluted share in the fourth quarter of 2015.
For the full year ended December 31, 2016, the Company
estimates earnings per diluted share to be in the range of $4.64 to
$4.84, compared to $3.82 per diluted share in 2015.
“As our revenue estimate suggests, we believe our top-line
remained under pressure during the early part of the fourth quarter
as a result of the G20 Summit in Hangzhou in September which
negatively impacted our local members’ abilities to organize
activities and hampered overall productivity in the region,”
commented Chris Sharng, President of Natural Health Trends Corp.
“In addition, the Chinese yuan’s 7% depreciation against the Hong
Kong dollar effectively increased the price of our products in the
currency of our Chinese members which contributed to further
weakness. We look forward to a successful 2017 as we have re-tooled
our member training and motivation initiatives. EPS is expected to
have improved significantly over the prior year quarter as we
reduced costs from the ongoing incentive programs.”
The Company expects to issue its complete fourth quarter and
full year 2016 financial results in early February. The
estimates for the Company’s financial results are preliminary and
have not yet been reviewed by its independent accountants.
Significant updates and revisions may be required before the
release of the Company’s fourth quarter and full year 2016
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 4, 2016 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
Natural Health Trends (NASDAQ:NHTC)
Historical Stock Chart
From Apr 2024 to May 2024
Natural Health Trends (NASDAQ:NHTC)
Historical Stock Chart
From May 2023 to May 2024