Earnings release
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Exhibit 99.1 Natural Health Trends Reports Second Quarter 2021 Financial Results Fifth consecutive quarter of positive operating income and net income Strong balance sheet with ample liquidity and $ 88.1 million in cash and cash equivalents Third consecutive quarter of positive cash flow from operations Declared a quarterly cash dividend of $ 0.20 per share HONG KONG - August 4 , 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 June 30 , 2021 . Second Quarter 2021 Financial Highlights • Revenue of $ 16.2 million increased 20 % compared to $ 13.5 million in the first quarter of 2021 and decreased 2 % compared to $ 16.4 million in the second quarter of 2020 . Operating income was $ 385,000 compared to $ 220,000 in the first quarter of 2021 and $ 183,000 in the second quarter of 2020 . Net income was $ 229,000 , or $ 0.02 per diluted share , compared to $ 153,000 , or $ 0.01 per diluted share , in the first quarter of 2021 and $ 34,000 , or break - even per diluted share , in the second quarter of 2020 . The number of Active Members¹ decreased 5 % to 46,860 at June 30 , 2021 compared to 49,420 at March 31 , 2021 , and decreased 14 % compared to 54,370 atJune 30 , 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 . Year - to - Date 2021 Financial Highlights . Revenue of $ 29.6 million decreased 6 % compared to $ 31.4 million in the first six months of 2020 . Operating income was $ 605,000 compared to operating loss of $ 1.3 million in the first six months of 2020 . Net income was $ 382,000 , or $ 0.03 per diluted share , compared to a net loss of $ 539,000 , or $ 0.05 per diluted share , in the first six months of 2020 . Management Commentary " We were pleased with our second quarter financial performance which reflected sequential growth despite ongoing macroeconomic challenges , " commented Chris Sharng , President of Natural Health Trends Corp. " Revenue of $ 16.2 million increased 20 % compared to the first quarter of 2021 driven by multiple in - person events and roadshows which are helping to rejuvenate momentum in our core markets . Partially offsetting our growth were sporadic outbreaks hampering meeting turnout and global supply chain constraints lengthening lead times , which contributed to a $ 1.5 million increase in our deferred revenue balance from March to June . " Mr. Sharng continued , " We are still navigating through the complexities associated with the COVID - 19 pandemic around the world and the occasional pockets of outbreaks that occur in Asia . Aside from these challenges , we reported our fifth consecutive quarter of positive operating income and net income , in addition to our third consecutive quarter of positive cash flow generation . Looking ahead , we remain cautiously optimistic that the continued easing of pandemic - related restrictions will be positive development for our business . "