The following is a summary of the Natural Health Trends Corp. (NHTC) Q3 2024 Earnings Call Transcript:
Financial Performance:
Q3 2024 revenue was $10.7 million, marking a 1% increase year-over-year.
Gross profit margin declined to 74.1% from 74.7% due to higher costs associated with Premium Noni Juice.
Operating loss improved sequentially over three quarters, recording $275,000 this quarter.Net income amounted to $35,000, or breakeven per diluted share.
Business Progress:
Expanded into the Colombian market, officially opening on October 1.
Announced the introduction of new products such as Skindulgence revitalizing serum, eye cream, and other health supplements.
Continues to invest in digital enhancements expected to enhance member productivity and sales experience, set to launch early next year.
Opportunities:
Market expansion through opening in Colombia and broad potential across Latin America.
Product innovation with new health supplements and personal care products.
Continued investment in digital tools to improve the selling and shopping experience.
Risks:
Active member base decreased by 11% year-over-year, which may impact future revenue and sales.
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
