Earnings release
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Exhibit 99.1 Natural Health Trends Reports First Quarter 2021 Financial Results Fourth consecutive quarter of positive operating income and net income Strong balance sheet with ample liquidity and $ 90.2 million in cash and cash equivalents Second consecutive quarter of positive cash flow from operations Achieved strong sales momentum in Japan , India , Peru , Europe and Malaysia Declared a quarterly cash dividend of $ 0.20 per share HONG KONG - May 5 , 2021 – 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 financial results for the quarter ended March 31 , 2021 . First Quarter 2021 Financial Highlights Revenue of $ 13.5 million decreased 10 % compared to $ 14.9 million in the first quarter of 2020 due to a $ 1.1 million increase in deferred revenue which the Company expects to recognize as revenue in the second quarter of 2021. Orders taken were relatively consistent with the first quarter of 2020 . • • Operating income was $ 220,000 compared to an operating loss of $ 1.4 million in the first quarter of 2020 . Net income was $ 153,000 , or $ 0.01 per diluted share , compared to a net loss of $ 573,000 , or $ 0.05 per diluted share , in thefirst quarter of 2020 . • The number of Active Members¹ decreased 5 % to 49,420 atMarch 31 , 2021 compared to 52,230 at December 31 , 2020 , and decreased 13 % compared to 56,490 at March 31 , 2020 . 1 Natural Health Trends defines Active Members as those that have placed at least one product order with the Company during the preceding twelve - month period . Management Commentary " Following a highly productive January , severe government - mandated restrictions and limitations surrounding in - person events and the Chinese New Year holiday restricted our leaders from properly conducting business , ” commented Chris Sharng , President of Natural Health Trends Corp. Mr. Sharng continued , " That said , our first quarter order trends sustained positive momentum with order volume approaching levels achieved in the prior year quarter . A strong contributor to our order volume was our January in - person training event which attracted nearly 700 participants . We also saw notable progress in Japan , India , Peru , Europe and Malaysia which all experienced strong top - line growth year - over - year . In an effort to further boost sales , we began the implementation of social selling in select markets to raise awareness and knowledge of our product lines and business opportunity . In addition , our diligent expense management resulted in our fourth consecutive quarter of positive operating income and net income , in addition to our second consecutive quarter of positive cash flow generation . " Mr. Sharng concluded , " Despite having to delay our second Fly - High training to April , the event was successful and exceeded the attendance of our January event with follow - up marketing activities already well underway . Next , we expect to hold our first major in - person event since the beginning of the pandemic in Macau in June , where we intend to introduce a new wellness product , Time Release Ultra B Complex , to an audience of over 1,500 . As we continue to emerge from the pandemic , we believe we are well - positioned to begin the process of safely resuming our normal business operations as the economy recovers . "