Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-36849 NATURAL HEALTH TRENDS CORP. (Exact name of registrant as specified in its charter) Delawa ...

Exhibit 99.1 Natural Health Trends Reports Second Quarter 2024 Financial Results – Total net sales were flat compared to the second quarter of 2023; first year-over-year increase in Hong Kong net sales since the first quarter of 2023 – Cash flows from operations before 2017 Tax Act installment were positive for second consecutive quarter – Declared a quarterly cash dividend of $0.20 per share HONG KONG – July 31, 2024 – Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce comp ...

Core Viewpoint - Natural Health Trends Corp. will report its financial results for the second quarter of 2024 on July 31, 2024, at 9:00 a.m. Eastern Time, followed by a conference call at 11:30 a.m. Eastern Time to discuss these results [1]. Financial Results Announcement - The financial results for the second quarter ended June 30, 2024, will be announced on July 31, 2024 [1]. - The conference call to discuss the financial results will take place on the same day at 11:30 a.m. Eastern Time [1]. Conference Call Details - Date: July 31, 2024 [2]. - Time: 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]. - Conference ID: 13746911 [2]. - Replay availability from 2:30 p.m. Eastern Time on July 31, 2024, until 11:59 p.m. Eastern Time on August 7, 2024 [2]. Company Overview - Natural Health Trends Corp. is an international direct-selling and e-commerce company operating in Asia, the Americas, and Europe [1]. - The company markets premium quality personal care products under the NHT Global brand [1].

HONG KONG, July 24, 2024 (GLOBE NEWSWIRE) -- 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 the Company will report its financial results for the second quarter ended June 30, 2024 on Wednesday, July 31, 2024 at 9:00 a.m. Eastern Time. Chris Sharng, Natural Health Trends’ President, and Scott Davidson, Senior Vice President and Chief Fi ...

Core Viewpoint - Zacks Investment Research has initiated coverage of Natural Health Trends Corp. (NHTC) with a "Neutral" recommendation, reflecting a mixed outlook for the company amid industry challenges [1] Company Overview - Natural Health Trends, operating as NHT Global, is based in Delaware with corporate headquarters in Hong Kong, focusing on marketing personal care, wellness, and quality-of-life products through an Internet-based direct selling model [1] Financial Performance - The company reported an 11% quarterly increase in order volumes and modest year-over-year growth, despite a slight dip in revenues [2] - Positive cash flow is maintained, supported by sound financial strategies, including a $0.20 dividend per share [2] - The company has a modest market capitalization of $79 million, indicating a low valuation relative to industry standards [4] Strategic Initiatives - NHT Global is strategically expanding into the Indian market, showcasing substantial growth figures and new product launches [2] - The company is adapting to global e-commerce trends, positioning itself to benefit from increasing digital consumerism and demand for personalized shopping experiences [2][3] Market Positioning - Natural Health Trends' stock has outperformed industry peers and the broader market over the past year, presenting a compelling entry point for investors [4] - The company's positive momentum in orders and robust financial management are key factors for future growth [3]

Natural Health Trends Corp. (NASDAQ:NHTC) Q1 2024 Earnings Conference Call May 1, 2024 11:30 AM ET Company Participants Michelle Glidewell - Investor Relations Chris Sharng - President Scott Davidson - Chief Financial Officer Operator Ladies and gentlemen, good morning, and welcome to the Natural Health Trends Corp First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Michelle Glidewell. Please go ...

Financial Performance - Net sales for the three months ended March 31, 2024, were $10,951,000, a decrease of 7.7% compared to $11,861,000 for the same period in 2023[15]. - Gross profit for the first quarter of 2024 was $8,039,000, down from $8,830,000 in the same quarter of 2023, reflecting a decline of approximately 9.0%[15]. - Net income for the three months ended March 31, 2024, was $188,000, compared to $257,000 for the same period in 2023, indicating a decrease of approximately 26.9%[15]. - The company reported a comprehensive income of $36,000 for Q1 2024, significantly lower than $157,000 in Q1 2023, reflecting a decline of about 77.1%[18]. - The company reported total net sales of $10.951 million for the three months ended March 31, 2024, down from $11.861 million in the same period of 2023, representing a decrease of approximately 7.66%[81]. - The primary reporting segment generated net sales of $10.466 million for the three months ended March 31, 2024, compared to $11.331 million in the prior year[81]. - In Q1 2024, net sales were $11.0 million, a decrease of $910,000 or 8% compared to $11.9 million in Q1 2023[108]. - Hong Kong net sales decreased by $499,000 or 5% year-over-year, primarily due to changes in deferred revenue, which increased by $1.0 million in Q1 2024[108]. Assets and Liabilities - Total current assets decreased to $62,733,000 as of March 31, 2024, down from $64,229,000 on December 31, 2023, representing a decline of approximately 2.3%[13]. - Total liabilities increased to $28,269,000 as of March 31, 2024, compared to $27,491,000 on December 31, 2023, marking an increase of approximately 2.8%[13]. - Stockholders' equity decreased to $39,370,000 as of March 31, 2024, down from $41,600,000 at the end of 2023, representing a decline of about 5.4%[13]. - Cash and cash equivalents decreased to $25,825,000 as of March 31, 2024, down from $56,178,000 on December 31, 2023, a decline of approximately 54.0%[13]. - The company had $25.862 million in cash, cash equivalents, and restricted cash at the end of the period, a decrease from $66.648 million at the end of the previous year[25]. - Working capital as of March 31, 2024, was $41.9 million, a decrease of $2.4 million compared to December 31, 2023[115]. - The ratio of current assets to current liabilities was 3.0 to 1.0 as of March 31, 2024[115]. Expenses - Total operating expenses decreased to $8,404,000 in Q1 2024 from $9,224,000 in Q1 2023, a reduction of about 8.9%[15]. - Selling, general and administrative expenses decreased to $3.9 million for the three-month period ended March 31, 2024, compared to $4.2 million in the same period a year ago, primarily due to lower employee-related costs and professional fees[111]. - The company experienced a decrease in share-based compensation expenses, which were $37 million for the three months ended March 31, 2024, compared to $46 million in the prior year[25]. - Commissions expense represented 41.0% of net sales in Q1 2024, compared to 42.1% in Q1 2023, attributed to lower weekly commissions outside of Hong Kong[110]. Cash Flow - The company reported a net cash provided by operating activities of $549 million, a significant improvement compared to a net cash used of $696 million in the prior year[25]. - Cash provided by operations was $549,000 for the first three months of 2024, an improvement from cash used in operations of $696,000 for the same period in 2023, reflecting increased order volume and better management of operating costs[116]. - Total cash, cash equivalents, and marketable securities decreased by $1.7 million from December 31, 2023, to $54.4 million as of March 31, 2024, due to dividends paid during the first three months of 2024[115]. - Cash flows used in investing activities totaled $28.5 million for the first three months of 2024, primarily for purchasing marketable securities[116]. Dividends and Stock Repurchase - The company declared dividends of $0.20 per share, totaling $2,303,000 for the quarter[21]. - Cash dividends of $0.20 per common share were declared and paid, totaling $2.3 million for each quarter in 2024 and 2023[73]. - As of March 31, 2024, $21.9 million of the $70.0 million stock repurchase program remained available for future purchases[74]. - As of March 31, 2024, $21.9 million of the $70.0 million stock repurchase program remained available for future purchases[118]. Market and Operations - Active members decreased to 31,620 as of March 31, 2024, from 32,410 at December 31, 2023, and 38,330 at March 31, 2023[88]. - Approximately 95% of net sales are generated from subsidiaries located outside the Americas, with the Hong Kong subsidiary accounting for 84% of net sales in the latest fiscal quarter[89]. - The company operates an e-commerce direct selling platform in Hong Kong, with substantial revenues derived from sales to members in China[90]. - The business environment in China remains challenging due to ongoing government scrutiny and negative social media sentiment towards health product companies[93]. - The company has resumed in-person member events in China, Hong Kong, and Macau since Q1 2023, indicating a gradual normalization of operations[94]. - The company plans to continue adapting its marketing programs to overcome physical restrictions and is hopeful for sustained recovery in operations[94]. Tax and Deferred Revenue - The effective income tax rate for the three months ended March 31, 2024, includes estimates for foreign income inclusions, with a total income taxes payable of $9,000,000 related to the repatriation tax[62]. - Deferred revenue increased to $5.5 million as of March 31, 2024, from $4.4 million at the end of 2023, primarily due to $4.2 million of cash received for unshipped product orders[40]. - As of March 31, 2024, deferred revenue was $7.2 million, consisting of $5.5 million in unshipped product orders and $1.7 million in auto ship advances[108]. Investments and Future Plans - The company aims to invest in Greater China and other markets, focusing on establishing manufacturing capabilities and increasing brand awareness[121]. - The company plans to reapply for a direct selling license in China when circumstances are favorable, which could incrementally benefit existing business operations[90].

Financial Performance - Revenue for the first quarter of 2024 was $11.0 million, an 8% decrease from $11.9 million in the same quarter of 2023, attributed to a $1.0 million increase in deferred revenue[2] - The company reported a net income of $188,000, or $0.02 per diluted share, compared to $257,000, or $0.02 per diluted share, in the first quarter of 2023[2] - Positive cash flows from operations were reported at $549,000 for the first quarter of 2024, a significant improvement from a cash outflow of $696,000 in the same period last year[5] - The operating loss narrowed to $365,000 in the first quarter of 2024, compared to a loss of $394,000 in the same quarter of 2023[2] Membership and Orders - First quarter orders increased by 11% compared to the preceding fourth quarter, marking the first sequential increase in six years[1] - Active Members decreased by 2% to 31,620 as of March 31, 2024, down 18% from 38,330 a year ago[2] Cash and Dividends - Total cash, cash equivalents, and marketable securities were $54.4 million at March 31, 2024, down from $56.2 million at December 31, 2023[5] - The company declared a quarterly cash dividend of $0.20 per share, payable on May 24, 2024[5] Future Outlook - The company anticipates gradual recognition of deferred revenue in the coming months as orders are fulfilled[3] - Management remains cautiously optimistic about future performance, focusing on innovation and operational efficiency[4]

HONG KONG, April 24, 2024 (GLOBE NEWSWIRE) -- 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 the Company will report its financial results for the first quarter ended March 31, 2024 on Wednesday, May 1, 2024 at 9:00 a.m. Eastern Time. Chris Sharng, Natural Health Trends’ President, and Scott Davidson, Senior Vice President and Chief Fin ...

HONG KONG, April 24, 2024 (GLOBE NEWSWIRE) -- 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 the Company will report its financial results for the first quarter ended March 31, 2024 on Wednesday, May 1, 2024 at 9:00 a.m. Eastern Time. Chris Sharng, Natural Health Trends’ President, and Scott Davidson, Senior Vice President and Chief Fin ...