[Report Overview](index=1&type=section&id=Report%20Overview) Natural Health Trends Corp. announced Q2 2025 financial results, reporting sales decreases due to economic uncertainty and trade tensions, prompting supply chain realignment to Asia for resilience [Introduction](index=1&type=section&id=Introduction) Natural Health Trends Corp. announced its financial results for the second quarter ended June 30, 2025, highlighting its position as a direct-selling and e-commerce company specializing in personal care, wellness, and 'quality of life' products under the NHT Global brand - Natural Health Trends Corp. (NASDAQ: NHTC) is a leading direct-selling and e-commerce company[2](index=2&type=chunk) - The company markets premium quality personal care, wellness, and 'quality of life' products under the NHT Global brand[2](index=2&type=chunk) - The report announces financial results for the quarter ended **June 30, 2025**[2](index=2&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management attributed the Q2 sales decrease to heightened economic uncertainty and evolving trade tensions, particularly impacting their largest market. To mitigate tariff-related risks and enhance long-term resilience, the company is realigning its supply chain by shifting production to manufacturing partners in Asia, closer to core markets - Second quarter sales decreased due to heightened economic uncertainty caused by evolving trade tensions, which are expected to continue impacting consumer sentiment in the largest market[5](index=5&type=chunk) - To mitigate tariff-related risks, the company is realigning its supply chain by transitioning production to trusted manufacturing partners in Asia[6](index=6&type=chunk) - The supply chain realignment aims to bring operations closer to core markets and enhance long-term resilience[6](index=6&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company reported revenue declines, increased operating losses, and reduced net income for Q2 and year-to-date 2025, alongside increased cash usage from operations and a dividend declaration [Second Quarter 2025 Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) For the second quarter of 2025, Natural Health Trends Corp. reported a 6% decrease in revenue, an increased operating loss, and a significant drop in net income compared to the prior year, alongside a reduction in active members Second Quarter 2025 Financial Performance | Metric | Q2 2025 | Q2 2024 | Change (%) | | :----------------------- | :------ | :------ | :--------- | | Revenue | $9.8M | $10.5M | -6% | | Operating Loss | ($333K) | ($238K) | -39.9% | | Net Income | $15K | $173K | -91.3% | | Diluted EPS | $0.00 | $0.02 | -100% | - The number of **Active Members** decreased to **29,260** at **June 30, 2025**, from **31,110** at **June 30, 2024**[6](index=6&type=chunk) [Year-to-Date 2025 Highlights](index=1&type=section&id=Year-to-Date%202025%20Highlights) For the first six months of 2025, the company experienced a 4% decline in revenue, an increased operating loss, and a substantial decrease in net income compared to the same period in 2024 Year-to-Date 2025 Financial Performance | Metric | YTD 2025 | YTD 2024 | Change (%) | | :----------------------- | :------- | :------- | :--------- | | Revenue | $20.6M | $21.4M | -4% | | Operating Loss | ($678K) | ($603K) | -12.4% | | Net Income | $137K | $361K | -62% | | Diluted EPS | $0.01 | $0.03 | -66.7% | [Balance Sheet and Cash Flow Summary](index=2&type=section&id=Balance%20Sheet%20and%20Cash%20Flow%20Summary) In the first six months of 2025, net cash used in operating activities increased significantly, and total cash, cash equivalents, and marketable securities decreased. The company fully settled its U.S. Tax Cuts and Jobs Act liability and declared a quarterly cash dividend of $0.20 per share Key Cash Flow and Balance Sheet Metrics | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :----------------------------------- | :--------------------------- | :--------------------------- | | Net cash used in operating activities | ($5.2M) | ($3.0M) | | Cash, cash equivalents & marketable securities (as of June 30, 2025) | $34.2M (down from $43.9M at Dec 31, 2024) | N/A | - The **liability** from the **2017** U.S. Tax Cuts and Jobs Act was fully settled during the second quarter of **2025**[6](index=6&type=chunk)[11](index=11&type=chunk) - A quarterly **cash dividend** of **$0.20** per share was declared on **July 28, 2025**, payable on **August 22, 2025**, to stockholders of record as of **August 12, 2025**[6](index=6&type=chunk)[11](index=11&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) Consolidated financial statements reveal decreased assets and liabilities, declining net sales, increased operating losses, and higher cash usage from operations for the first half of 2025 [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheet shows a decrease in total assets and total liabilities from December 31, 2024, to June 30, 2025, primarily driven by reductions in cash, marketable securities, and income taxes payable Consolidated Balance Sheet Summary (in thousands) | Item | June 30, 2025 | December 31, 2024 | | :-------------------------- | :------------ | :---------------- | | Total assets | $45,162 | $55,359 | | Total liabilities | $16,306 | $22,487 | | Total stockholders' equity | $28,856 | $32,872 | | Cash and cash equivalents | $10,534 | $13,533 | | Marketable securities | $23,711 | $30,407 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) The consolidated statements of operations reflect a decline in net sales for both the three and six months ended June 30, 2025, leading to increased operating losses and significantly lower net income compared to the prior year periods Consolidated Statements of Operations Summary (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net sales | $9,813 | $10,475 | $20,550 | $21,426 | | Gross profit | $7,255 | $7,776 | $15,160 | $15,815 | | Total operating expenses | $7,588 | $8,014 | $15,838 | $16,418 | | Loss from operations | ($333) | ($238) | ($678) | ($603) | | Net income | $15 | $173 | $137 | $361 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the first six months of 2025, the company reported increased net cash used in operating activities, a shift to net cash provided by investing activities due to marketable securities maturities, and consistent cash used in financing activities for dividends Consolidated Statements of Cash Flows Summary (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--------------------------------------- | :----------------------------- | :----------------------------- | | Net cash used in operating activities | ($5,151) | ($3,019) | | Net cash provided by (used in) investing activities | $6,643 | ($32,887) | | Net cash used in financing activities | ($4,606) | ($4,606) | | Net decrease in cash, cash equivalents and restricted cash | ($2,996) | ($40,604) | | Cash, cash equivalents and restricted cash, end of period | $10,571 | $15,613 | [Company and Investor Information](index=2&type=section&id=Company%20and%20Investor%20Information) This section provides an overview of Natural Health Trends Corp., details for the Q2 2025 earnings call, a forward-looking statements disclaimer, and investor contact information [About Natural Health Trends Corp.](index=2&type=section&id=About%20Natural%20Health%20Trends%20Corp.) Natural Health Trends Corp. is an international direct-selling and e-commerce company that operates globally through its subsidiaries, marketing premium personal care products under the NHT Global brand - Natural Health Trends Corp. (NASDAQ: NHTC) is an international direct-selling and e-commerce company[9](index=9&type=chunk) - The company operates through subsidiaries across Asia, the Americas, and Europe[9](index=9&type=chunk) - It markets premium quality personal care products under the NHT Global brand[9](index=9&type=chunk) [Second Quarter 2025 Financial Results Conference Call](index=2&type=section&id=Second%20Quarter%202025%20Financial%20Results%20Conference%20Call) Management hosted a conference call on July 30, 2025, to discuss the second quarter 2025 financial results, with details provided for live participation and replay access Conference Call Details | Item | Detail | | :------------ | :------------------------------------------------ | | Date | Wednesday, July 30, 2025 | | Time | 11:30 a.m. Eastern Time / 8:30 a.m. Pacific Time | | Domestic Dial-in | 1-877-407-0789 | | International Dial-in | 1-201-689-8562 | | Conference ID | 13754794 | | Webcast | https://viavid.webcasts.com/starthere.jsp?ei=1726889&tp_key=778e0e5b56 | | Replay Availability | July 30, 2025 (2:30 p.m. ET) - August 13, 2025 (11:59 p.m. ET) | [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section includes a standard safe harbor statement, indicating that forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties detailed in the company's SEC filings, with no obligation to update such information - Forward-looking statements in the press release do not constitute guarantees of future performance[10](index=10&type=chunk) - Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated[10](index=10&type=chunk) - Risks and uncertainties are detailed under 'Risk Factors' in the company's Annual Report on Form **10-K** filed with the SEC[10](index=10&type=chunk) [Contact Information](index=3&type=section&id=Contact%20Information) Investor relations inquiries can be directed to Scott Davidson, Senior Vice President and Chief Financial Officer of Natural Health Trends Corp - Contact for investor relations: **Scott Davidson**, Senior Vice President and Chief Financial Officer[12](index=12&type=chunk) - Contact details: Tel (U.S.): **310-541-0888**, Email: investor.relations@nhtglobal.com[12](index=12&type=chunk)

Core Insights - Natural Health Trends Corp. reported a decrease in revenue and net income for the second quarter of 2025, reflecting challenges from economic uncertainty and trade tensions [4][6][7] Financial Highlights - Revenue for Q2 2025 was $9.8 million, down 6% from $10.5 million in Q2 2024 [7] - Operating loss for Q2 2025 was $333,000 compared to a loss of $238,000 in Q2 2024 [7] - Net income for Q2 2025 was $15,000, or breakeven per diluted share, down from $173,000, or $0.02 per diluted share, in Q2 2024 [7] - Year-to-date revenue for the first six months of 2025 was $20.6 million, a decrease of 4% from $21.4 million in the same period of 2024 [7] - Operating loss for the first six months of 2025 was $678,000 compared to $603,000 in the first half of 2024 [7] Member Metrics - The number of Active Members decreased to 29,260 as of June 30, 2025, down from 30,870 at the end of 2024 and 31,110 a year earlier [7] Cash Flow and Balance Sheet - Net cash used in operating activities was $5.2 million in the first half of 2025, compared to $3.0 million in the same period of 2024 [8] - Total cash, cash equivalents, and marketable securities were $34.2 million at June 30, 2025, down from $43.9 million at December 31, 2024 [8] - The company declared a quarterly cash dividend of $0.20 per share, payable on August 22, 2025 [8] Management Commentary - The President of Natural Health Trends Corp. noted that the company is realigning its supply chain to mitigate tariff-related risks and enhance long-term resilience [4][5]

Core Viewpoint - Natural Health Trends Corp. will report its financial results for the second quarter of 2025 on July 30, 2025, at 9:00 a.m. Eastern Time, followed by a conference call at 11:30 a.m. Eastern Time to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced on July 30, 2025 [1]. - A conference call will be hosted by President Chris Sharng and CFO Scott Davidson on the same day at 11:30 a.m. Eastern Time [1]. Group 2: Conference Call Details - The conference call will be accessible via dial-in numbers: 1-877-407-0789 for domestic calls and 1-201-689-8562 for international calls [2]. - A webcast of the conference call will be available at the provided link [2]. - A replay of the call will be available from 2:30 p.m. Eastern Time on July 30, 2025, until 11:59 p.m. Eastern Time on August 13, 2025 [2]. Group 3: Company Overview - Natural Health Trends Corp. is an international direct-selling and e-commerce company operating in Asia, the Americas, and Europe [3]. - The company markets premium quality personal care products under the NHT Global brand [3].

Core Viewpoint - Natural Health Trends Corp. (NHTC) reported a decline in revenue and net income for Q1 2025, but showed signs of healthy demand through increased order volume, while facing challenges from trade uncertainties and a strategic focus on regional manufacturing [2][3][8]. Revenue and Earnings Snapshot - NHTC reported revenues of $10.7 million for Q1 2025, a 1.9% decline from $10.9 million in the same period last year [2] - Net income decreased by 35.1% to $122,000 from $188,000 year-over-year, with earnings per diluted share falling to $0.01 from $0.02 [3] - Operating loss narrowed to $0.3 million from $0.4 million a year earlier, while selling, general, and administrative expenses declined by 3.9% to $3.8 million [3] - Gross margin increased to 73.6% from 73.4%, indicating stable cost management [3] Other Key Business Metrics - NHTC ended the quarter with 30,180 active members, down 4.6% year-over-year [4] - Commissions expense as a percentage of revenues increased to 41.8% from 41% due to higher commission payouts [4] - Cash provided by operating activities was $484,000, down from $549,000 in the prior-year quarter [4] Cash Position and Dividends - As of March 31, 2025, NHTC held $41.9 million in cash and marketable securities, down from $43.9 million at the end of 2024, primarily due to dividend payouts [5] - The company declared a quarterly cash dividend of $0.20 per share, payable on May 23 to shareholders of record as of May 13 [5] Management Commentary - President Chris Sharng described Q1 as an extension of positive momentum from the second half of 2024, highlighting engagement from a product roadshow in China and Hong Kong [6] - The launch of new products, Twin Slim Coffee and Tomato Soup, was well-received [6] - The opening of a new office in Bogotá, Colombia, is seen as strategically significant for the Latin American market [7] Factors Influencing the Results - Revenue decline was attributed to timing differences in incentive campaigns rather than weakening demand, with a sequential uptick in order intake noted [8] - The company is working to regionalize manufacturing closer to Asian markets to improve cost efficiency and reduce logistics volatility [8] Guidance and Strategic Outlook - Management did not provide explicit financial guidance but emphasized the importance of navigating evolving trade barriers [9] - NHTC aims to streamline its supply chain and adjust logistics to mitigate adverse impacts while focusing on product innovation and member support [10] Other Developments - NHTC expanded its geographical footprint with the launch of a new regional office in Bogotá, reinforcing its commitment to long-term international expansion [11]

Financial Data and Key Metrics Changes - Total revenue for the first quarter was $10,700,000, a 2% decrease compared to $11,000,000 in the first quarter of 2024, attributed to the timing of incentive calendars [5][8] - Gross profit margin increased slightly to 73.6% from 73.4% in the first quarter last year [9] - Net income for the first quarter was $122,000 or $0.01 per diluted share, compared to $188,000 or $0.02 per diluted share in the first quarter of 2024 [10] Business Line Data and Key Metrics Changes - Active member base decreased slightly to 30,180 at March 31 from 30,870 at December 31, down 5% from 31,620 at March [8] - Commissions expense as a percent of total revenue for the first quarter was 41.8% compared with 41% a year ago, primarily due to higher weekly commissions earned by members [10] Market Data and Key Metrics Changes - In China and Hong Kong, a Night City Roadshow was completed, marketing wellness products with expert insights, and new products in the Twin Slim weight management line received strong feedback [6] Company Strategy and Development Direction - The company is actively working to streamline its supply chain and bring manufacturing closer to primary markets in Asia to weather international trade uncertainties and improve long-term efficiency [7][11] - The opening of a new office in Bogota, Colombia, will serve as a central hub for customer services and showcasing brands and products [6] Management's Comments on Operating Environment and Future Outlook - Management highlighted the need to assess the potential impact of tariffs on operations and respond with strategic actions to optimize the supply chain [11] - The focus remains on executing strategic initiatives and providing exceptional support to members [11] Other Important Information - Total cash, cash equivalents, and marketable securities were $41,900,000 at March 31, down from $43,900,000 at December 31, 2024, due to quarterly dividend payments [11] - A quarterly cash dividend of $0.20 per share was declared, payable on May 23 to stockholders of record as of May 13 [11] Q&A Session Summary - No specific questions or answers were recorded in the provided content.

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $10.7 million, a 2% decrease from $11 million in Q1 2024, attributed to the timing of incentive calendars [4][7] - Active member base decreased to 30,180 as of March 31, down from 30,870 at December 31, and down 5% from 31,620 in March 2024 [7] - Gross profit margin increased slightly to 73.6% from 73.4% in the same quarter last year [7] - Net income for Q1 2025 was $122,000 or $0.01 per diluted share, compared to $188,000 or $0.02 per diluted share in Q1 2024 [9] Business Line Data and Key Metrics Changes - Orders taken increased by 9% sequentially over Q4 2024, indicating sustained interest in products [4] - New products introduced in the Twin Slim weight management line received strong customer feedback [5] Market Data and Key Metrics Changes - The company completed a Night City Roadshow in China and Hong Kong, promoting wellness products [5] - A new office was opened in Bogota, Colombia, serving as a central hub for customer services and brand showcasing [6] Company Strategy and Development Direction - The company is actively working to streamline its supply chain and bring manufacturing closer to primary markets in Asia to improve long-term efficiency [6][10] - Immediate priorities include assessing the potential impact of tariffs on operations and optimizing logistics [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the international trade environment changed significantly after Q1, making it difficult to gauge impacts [6] - The focus remains on executing strategic initiatives and providing exceptional support to members [10] Other Important Information - Commissions expense as a percentage of total revenue increased to 41.8% from 41% a year ago due to higher weekly commissions [8] - Total cash, cash equivalents, and marketable securities were $41.9 million at March 31, down from $43.9 million at December 31, 2024, due to quarterly dividend payments [10] - A quarterly cash dividend of $0.20 per share was declared, payable on May 23 to stockholders of record as of May 13 [10] Q&A Session Summary - No specific Q&A session content was provided in the transcript.

Financial Performance - Net sales for Q1 2025 were $10,737,000, a decrease of 1.95% compared to $10,951,000 in Q1 2024[17] - Gross profit for Q1 2025 was $7,905,000, down from $8,039,000 in Q1 2024, reflecting a gross margin of approximately 73.6%[17] - Net income for Q1 2025 was $122,000, a decline of 35% from $188,000 in Q1 2024[19] - Total net sales for the three months ended March 31, 2025, were $10.7 million, a decrease of 2% from $10.9 million in the same period of 2024[41] - Product sales for the three months ended March 31, 2025, were $10.5 million, compared to $10.6 million in the same period of 2024[41] - The Company’s diluted net income per common share for the three months ended March 31, 2025, was $0.01, down from $0.02 in the same period of 2024[30] - Gross profit for the three months ended March 31, 2025, was $7,905,000, compared to $8,039,000 for the same period in 2024, reflecting a decrease of 1.7%[75] - Commissions expense increased to 41.8% of net sales in Q1 2025, up from 41.0% in Q1 2024, due to higher weekly commissions[107] Assets and Liabilities - Total current assets decreased to $48,806,000 as of March 31, 2025, compared to $50,983,000 at the end of 2024[15] - Total liabilities slightly decreased to $22,297,000 from $22,487,000 at the end of 2024[15] - The total stockholders' equity decreased to $30,882,000 as of March 31, 2025, from $32,872,000 at the end of 2024[15] - Total assets as of March 31, 2025, were $53,179,000, a decrease from $55,359,000 as of December 31, 2024[78] - The Company had contract liabilities of $5.4 million as of March 31, 2025, up from $4.9 million at the end of 2024, primarily due to $3.5 million received for unshipped product orders[39] - Deferred revenue as of March 31, 2025, was $6.9 million, consisting of $5.4 million in unshipped product orders and $1.5 million in auto ship advances[105] Cash Flow and Investments - Cash and cash equivalents increased to $21,688,000 from $13,533,000 at the end of 2024, marking a significant improvement[15] - The Company reported a net cash provided by operating activities of $484,000 for Q1 2025, down from $549,000 in Q1 2024[23] - Cash provided by operations for the first three months of 2025 was $484,000, down from $549,000 in the same period of 2024[112] - Cash flows from investing activities totaled $10.0 million in Q1 2025, compared to cash used of $28.5 million in Q1 2024, with $17.4 million spent on marketable securities[113] - As of March 31, 2025, cash, cash equivalents, and marketable securities totaled $41.9 million, a decrease of $2.0 million from December 31, 2024[111] - The Company recognized share-based compensation expense of $34,000 for the three months ended March 31, 2025, compared to $37,000 in the same period of 2024[64] Dividends and Stock Repurchase - The company declared dividends of $0.20 per share, totaling $2,303,000 for the quarter[20] - Cash dividends of $0.20 per common share were declared and paid, totaling $2.3 million for each quarter in 2025 and 2024[68] - The Company declared a quarterly cash dividend of $0.20 per share, payable on May 23, 2025, to stockholders of record on May 13, 2025[84] - The stock repurchase program has $21.9 million remaining from the authorized $70.0 million as of March 31, 2025[115] Market and Operational Insights - The Company operates in multiple markets, including the Americas, Greater China, Southeast Asia, and Europe, with no single market other than Hong Kong exceeding 10% of total net sales[42] - Approximately 94% of the Company's net sales were generated from subsidiaries located outside the Americas, with the Hong Kong subsidiary accounting for 85% of net sales in the latest fiscal quarter[87] - In Q1 2025, the company generated approximately 85% of its revenue from its e-commerce direct selling platform in Hong Kong, primarily from sales to members in China[88] - The Company operates in various markets, including the Americas, Greater China, Southeast Asia, and Europe, with a focus on expanding in promising markets[85] - The ongoing U.S.-China trade tensions have resulted in significant tariffs, including a 125% reciprocal tariff on Chinese imports, which may adversely affect the company's operations and costs[129] Corporate Changes and Future Outlook - The company relocated its corporate headquarters from Hong Kong to California in February 2025 due to changes in the political and economic landscape[90] - The political and economic environment in Hong Kong may adversely affect the company's future business and financial condition[90] - The company is exploring sourcing products from other jurisdictions to mitigate the impact of U.S. tariffs on Chinese imports[91] - The Company expects to recognize revenue from remaining performance obligations within the next twelve months[39] - The Company plans to focus investments in Greater China and other strategic markets, including Southeast Asia, India, South America, and Europe[118] Risk Management - The company maintains that its existing liquidity is adequate to fund normal operations and financial commitments for the foreseeable future[116] - There were no changes in internal control over financial reporting that materially affected the company during the fiscal quarter ended March 31, 2025[124] - The company has not identified any material changes to its risk factors since the last annual report[128]

Financial Performance - Revenue for Q1 2025 was $10.7 million, a decrease of 2% compared to $11.0 million in Q1 2024[7] - Operating loss for Q1 2025 was $345,000, an improvement from a loss of $365,000 in Q1 2024[7] - Net income for Q1 2025 was $122,000, or $0.01 per diluted share, compared to $188,000, or $0.02 per diluted share in Q1 2024[7] - Cash flows from operations were $484,000 in Q1 2025, down from $549,000 in Q1 2024[11] - Total cash, cash equivalents, and marketable securities were $41.9 million at March 31, 2025, down from $43.9 million at December 31, 2024[11] - The total assets decreased to $53.2 million as of March 31, 2025, from $55.4 million at December 31, 2024[14] Membership and Orders - Active Members decreased by 2% to 30,180 as of March 31, 2025, down from 30,870 at December 31, 2024, and down 5% from 31,620 at March 31, 2024[7] - The company experienced a 9% sequential increase in orders taken compared to Q4 2024, indicating sustained interest in its products[5] Dividends and Manufacturing Strategy - The company declared a quarterly cash dividend of $0.20 per share, payable on May 23, 2025[11] - The company is working to align manufacturing closer to key markets to improve long-term efficiency amid trade uncertainties[6]

Core Viewpoint - Natural Health Trends Corp. reported a 2% year-over-year revenue decrease for Q1 2025, attributed to promotional calendar differences, but showed a 9% sequential increase in orders from Q4 2024, indicating strong customer interest in their products [4][8]. Financial Performance - Revenue for Q1 2025 was $10.7 million, down from $11.0 million in Q1 2024, marking a 2% decline [9]. - The operating loss was $345,000, an improvement from a loss of $365,000 in the same quarter of the previous year [9]. - Net income for Q1 2025 was $122,000, or $0.01 per diluted share, compared to $188,000, or $0.02 per diluted share, in Q1 2024 [9]. - Active Members decreased by 2% to 30,180 as of March 31, 2025, compared to 30,870 at December 31, 2024, and down 5% from 31,620 at March 31, 2024 [9]. Cash Flow and Dividends - Cash flows from operations were $484,000 in Q1 2025, down from $549,000 in Q1 2024 [10]. - The company declared a quarterly cash dividend of $0.20 per share, payable on May 23, 2025 [10]. Balance Sheet Overview - Total cash, cash equivalents, and marketable securities were $41.9 million at March 31, 2025, down from $43.9 million at December 31, 2024 [10]. - Total assets decreased to $53.2 million as of March 31, 2025, from $55.4 million at December 31, 2024 [15][16]. Management Commentary - Management acknowledged the challenges posed by the ongoing trade war and emphasized efforts to align manufacturing closer to key markets to enhance efficiency [5]. - The company remains committed to delivering high-quality products and exceptional service to improve the well-being of its members [5].

Core Viewpoint - Natural Health Trends Corp. will report its financial results for the first quarter of 2025 on April 30, 2025, at 9:00 a.m. Eastern Time, followed by a conference call at 11:30 a.m. Eastern Time to discuss the results [1]. Financial Results Announcement - The financial results for the first quarter ended March 31, 2025, will be announced on April 30, 2025 [1]. - A conference call will be hosted by President Chris Sharng and CFO Scott Davidson on the same day at 11:30 a.m. Eastern Time [1]. Conference Call Details - Date and Time: April 30, 2025, at 11:30 a.m. Eastern Time / 8:30 a.m. Pacific Time [2]. - Dial-in numbers: 1-877-407-0789 (Domestic) and 1-201-689-8562 (International) [2]. - Webcast link provided for live participation [2]. - Replay of the call will be available from 2:30 p.m. Eastern Time on April 30, 2025, until 11:59 p.m. Eastern Time on May 14, 2025 [2]. Company Overview - Natural Health Trends Corp. is an international direct-selling and e-commerce company operating in Asia, the Americas, and Europe [3]. - The company markets premium quality personal care products under the NHT Global brand [3].