NHTC - Earnings call transcript Q4 2024 | Natural Health Trends Corp.

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Operator

Greetings, and welcome to the Natural Health Trends Corp. Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions]

It is now my pleasure to introduce your host, Michelle Glidewell with Natural Health Trans Corp. Thank you.

begin. may You

Michelle Glidewell

welcome Full and Health Fourth Trends Thank XXXX to Earnings and Year Conference Quarter you, Natural Call.

set with statements factors, company During today's results such call the the for today's the the are Instructions Private the to corporate Securities or Reform be results, can in Act release could be live made noted and statements company's filings Exchange Commission. It company's today's naturalhealthtrendscorp.com. conference including issued in of of was which on should call forth and accessing forward-looking Securities result that X:XX found XXXX. Litigation in also call, there anticipated in future the be at differ Investors found press webcast the approximately through may results at materially forward-looking that section be archived of will those financial as those statements the Time. defined a.m. version the certain performance Actual be website relating the achievements of can from Eastern of

Chris I'd time, to call over Health President of turn Natural the this like Trends. to At Sharng,

Chris Sharng

results. quarter Thank full this morning Financial Officer. fourth joining you, year to us our and discuss is our XXXX President Michelle, for to Scott today and Chief thanks everyone With financial Davidson, Vice me and Senior

in to fourth quarter the During the ago. fourth remaining quarter, our performance was comparison sales essentially a steady with overall flat reported year

XXXX, a with our and sentiment the and the achieved to a resonating leaders. consumer the Our quarter increase fourth and sluggish that XXXX progress, incentives X% in few third primary of X% net preceding sign promotions market China, Greater consumers compared are of quarter persists, increase training, sales to where a compared

safeguarding and we us promotions these strategic offering for discipline. market affected of results pilot year margins fewer begin longer-term in where adjustments Taiwan throughout Overall, the adversely for quarter believe efforts XXXX. and price implemented position in and our and America reinforcing North XXXX were fourth benefits by decreases full We

where of November, city Supreme, and Kong, products well Rutevive, with a X version and training in as business X these products insights. introductions up density. in with other X collagen our for strength gaining roadshow we flavor improve called also in follow North their lemonade X We introduced year. members as launch Hong learn while the later hair consumers our products, Taiwan America to about topical a In new designed and a raspberry were China rolled new preparing out markets valuable this and These

January, This clear in we annual than ahead. and Bangkok a XXX our and Form initiatives road field success the year that vision our for springboard map have for more a XXXX the the first and our held week programs Asia ensure of in with attendees. In gathering leaders was for

taking, officially Colombia Global this we celebrate, XXXX, later welcome In order NHT in-country market recognize the we're opened for to month finalizing the and this arrangements for the community to opening new family. and office

creating wellness our these and of drawn share enthusiasm traditions. are global our products We for opportunity they that to and members excited new are mission high-quality

while and personal incentive to designed all initiatives efforts combining Japan Leaders we an and engage qualifiers markets, unforgettable in and and trip excellent retention. Paris to across came platforms training, multiple to hold inform markets their achievements. activities support for development empower, recruitment In regularly of Peru, to spark and together our These are new and and and person from products celebrate to our retail continue online. Mexico sessions serving events, both recognition members business also

among growth, half of In goal motivate to first-time are the and incentives. relationships of center attendees and setting designed collaboration. members, December, our staff we drive and and our one were hosted to to strengthen support activities These leaders retention North qualifiers Cancun for travel business where our American recognition and qualifiers help trip,

dedication contributions key to employees outstanding vital acknowledge members, of Global, products. preferred your stockholders, and want customers, of the the role leaders, a in in our advancing plays our reach I strengthening Energy

Our for individuals will backgrounds, exceptional all opportunity improving individuals product of wellness. supplement their With health ever-changing steps goals looking these they're to proactive offerings their in provide aspirations support take and positioned world. well business and their and an income, we're products, an towards our whether help to achieve

and of welcome XXXX. the our the for wishes snake, prosperity year we we As extend success heartfelt health, throughout

the our of detailed CFO, to overview share pass a Scott call Davidson, who Scott? financial I'll Now our will results.

Timothy Davidson

from our of primary unchanged the Taiwan of $XX.X Thank This you, million year. Greater market fourth tempered quarter last quarter year other $XX.X fourth revenue was performance ago. compared America. was to quarter the improvement a X% China by the of particularly increased million the and in roughly quarter North fourth Chris. Total in Revenue markets, during

was December XXXX. base XX,XXX since a member December September end at the of active Our with X% decline XX XX, consistent and

of cost for incentive Commissions year. Gross in the a XX.X% to from increased due slightly percent costs margin last quarter the from fourth the Turning as in to due fourth expense net expenses. year declined freight quarter higher incurred XX.X% operating higher quarter to of costs. and profit primarily this to XX.X% XX.X% quarter our supplemental the in prior fourth year, sales

of year for slight the million a the administrative increase ago Selling, to services. professional $X.X quarter a expenses were from the million, timing certain due $X.X general and

As fourth incurred to for year, was loss a the compared quarter quarter result $XXX,XXX this last year. the operating during in the costs of $XXX,XXX quarter additional of fourth

income net income per this However, income diluted in share diluted in for year, an quarter quarter share. the was XXXX. $XXX,XXX In quarter of interest fourth recognized fourth $X.XX the benefit due to $XXX,XXX comparison, income per and tax or the was or $X.XX net fourth of

and cash $XX,XXX during I'll now cash balance the by turn to flows activities our operating was fourth provided Net quarter. sheet.

year, to ago. $X.X $X.X compared a full yielding million the activities For cash was net million year

$XX.X we Jobs required $X.X generated down annual $XXX,XXX cash, is cash improvement million and in were quarterly at Total the from our equivalents and million million our year. XX $XX.X payment, during at over XXXX last a operations Act, payment. to from September Cuts due Excluding cash marketable December securities U.S. dividend tax flows XXXX, which installment XX, Tax

For out XXXX, the year we dividends. paid in $X.X full million

to Directors As Board to of stockholders returning February X, a remains be our quarterly XX cash as XX. which are declared payable of on to priority, of a record per that pleased we will February on our announce February capital share, stockholders a dividend $X.XX

optimism our closing, remain In and in that we track. we macroeconomic on are conditions Bangkok, spending of sentiment I leaders China and the After the to stronger are We ever. the enhancing ensure for future growing in we our and while success, that to Greater remain members committed than many continued ahead. are say fully challenging, time are certainty and key can their opportunities with for confident right with consumer commitment excited and innovating, their support

turn I operator. call now to That completes remarks. over our back the prepared the will

Operator

gentlemen, for and lines conference, your you. and conclude participation. disconnect may Ladies Thank does your time. Thank you this today's you at this

Natural Health Trends (NHTC) 5 Feb 252024 Q4 Earnings call transcript