Financial Performance - Net sales for Q3 2024 were $10.691 million, slightly up from $10.615 million in Q3 2023[13] - Gross profit for Q3 2024 remained flat at $7.926 million compared to Q3 2023[13] - Net income for Q3 2024 dropped to $35,000 from $172,000 in Q3 2023[13] - Comprehensive income for Q3 2024 was $324,000, up from $150,000 in Q3 2023[16] - Net income for Q1 2024 was $188 thousand, contributing to a total stockholders' equity of $39,370 thousand[19] - Net income for Q2 2024 was $173 thousand, with total stockholders' equity decreasing to $37,250 thousand[19] - Net income for Q3 2024 was $35 thousand, with total stockholders' equity further decreasing to $35,305 thousand[19] - Net income for the nine months ended September 30, 2024, was $396 thousand, compared to $210 thousand in the same period in 2023[22] - Net sales for the three months ended September 30, 2024 were $10,691 thousand, compared to $10,615 thousand for the same period in 2023[40] - Net sales for the nine months ended September 30, 2024 were $32,117 thousand, compared to $32,987 thousand for the same period in 2023[40] - Net sales for the Primary Reporting Segment were $9,951 thousand for the three months ended September 30, 2024, compared to $10,249 thousand in the same period in 2023[77] - Net sales from external customers in Hong Kong were $8,356 thousand for the three months ended September 30, 2024, compared to $8,412 thousand in the same period in 2023[78] - Total net sales for the nine months ended September 30, 2024 were $32,117 thousand, compared to $32,987 thousand in the same period in 2023[78] - Net sales for the three months ended September 30, 2024 were $10.7 million, a 1% increase compared to $10.6 million in the same period last year[100] - Hong Kong net sales, primarily from products shipped to China, decreased by $56,000 (less than 1%) for the three months ended September 30, 2024 compared to the same period last year[100] - Gross profit margin declined to 74.1% for the three months ended September 30, 2024 from 74.7% in the same period last year, primarily due to higher costs related to the Premium Noni Juice product[102] - Commissions expense decreased to 40.5% of net sales for the three months ended September 30, 2024 from 41.1% in the same period last year, mainly due to lower weekly commissions earned outside of Hong Kong[103] - Selling, general and administrative expenses were $3.9 million for both the three months ended September 30, 2024 and 2023[104] - Other income decreased to $441,000 for the three months ended September 30, 2024 from $585,000 in the same period last year, primarily due to less interest income earned[106] - Diluted net income per common share for the nine months ended September 30, 2024, was $0.03, compared to $0.02 in the same period in 2023[30] Cash Flow and Liquidity - Operating cash flows were negative in 2022 and 2023, with only modest positive flows in 2020 and 2021[7] - Net cash used in operating activities for the nine months ended September 30, 2024, was $3.455 million, compared to $4.209 million in the same period in 2023[22] - Net cash used in investing activities for the nine months ended September 30, 2024, was $23.090 million, primarily due to purchases of marketable securities[22] - Dividends paid during the nine months ended September 30, 2024, were $6.909 million, consistent with the same period in 2023[22] - Cash, cash equivalents, and restricted cash decreased by $33.280 million to $22.937 million as of September 30, 2024, compared to $58.449 million as of September 30, 2023[22] - Cash and cash equivalents decreased to $22,937 thousand as of September 30, 2024, from $56,217 thousand as of December 31, 2023[45] - Total investments in cash equivalents and marketable securities were $37,905 thousand as of September 30, 2024, compared to $47,207 thousand as of December 31, 2023[48] - Cash, cash equivalents, and marketable securities totaled $46.3 million as of September 30, 2024, a decrease of $9.9 million from December 31, 2023 due to dividend payments and repatriation tax payments[109] - Working capital decreased by $11.5 million to $32.7 million as of September 30, 2024 compared to December 31, 2023[110] - Cash used in operations improved by $1.7 million for the first nine months of 2024 compared to the same period last year, primarily due to better inventory and operating cost management[111] Dividends and Shareholder Equity - Dividends declared at $0.20 per share resulted in a total payout of $2,303 thousand in Q1 2024[19] - Dividends declared at $0.20 per share resulted in a total payout of $2,303 thousand in Q3 2024[19] - The Company declared and paid cash dividends of $0.20 per common share during each of the first three quarters of 2024, totaling $6.9 million[70] - Quarterly cash dividend of $0.20 per share declared, payable on November 22, 2024[79] - Total stockholders' equity as of September 30, 2024, stood at $35,305 thousand[19] - Accumulated other comprehensive loss decreased from $(1,069) thousand at December 31, 2023 to $(960) thousand at September 30, 2024[72] - As of September 30, 2024, $21.9 million of the $70.0 million stock repurchase program remained available for future purchases[71] Market and Operational Risks - The company experienced a significant loss of members, which is adversely affecting its business[7] - Hong Kong operations, a substantial portion of the business, are being adversely affected by recent political and social developments[7] - The company faces risks from product concentration and lack of revenue diversification[7] - Currency exchange rate fluctuations could lower revenue and net income[8] - The company is subject to extensive government regulation, which could delay or limit product sales in some markets[8] - Sales and net earnings are affected by currency exchange rates, with sales and earnings generally increasing with a weakening U.S. dollar and decreasing with a strengthening U.S. dollar[96] - COVID-19 pandemic and related government measures significantly impacted financial results from 2020 through 2022, with recovery observed in 2023 and the first nine months of 2024[87] - Recent political and social developments in Hong Kong, along with COVID-19, led to the cessation of member meetings and events in Hong Kong in 2020, with partial resumption in recent quarters[88] Share-Based Compensation and Equity Adjustments - Share-based compensation added $38 thousand to equity in Q2 2024[19] - Foreign currency translation adjustments negatively impacted equity by $114 thousand in Q1 2024[19] - Foreign currency translation adjustments positively impacted equity by $252 thousand in Q3 2024[19] - Unrealized gains on available-for-sale securities added $37 thousand to equity in Q3 2024[19] - Share-based compensation expense recognized during the three months ended September 30, 2024 was $34,000, compared to $38,000 in the same period in 2023[64] - Total unrecognized share-based compensation expense related to non-vested restricted stock as of September 30, 2024 was $167,000, expected to be recognized over a weighted-average period of 0.7 years[64] - The Company granted 212,937 phantom shares on February 7, 2023, with 159,702 vested, 26,618 unvested, and 26,617 forfeited as of September 30, 2024[66] - Compensation expense related to the cash settlement of phantom shares was $181,000 for the three months ended September 30, 2024, compared to $144,000 in the same period in 2023[68] Inventory and Contract Liabilities - Inventories decreased to $3,684 thousand as of September 30, 2024, from $4,293 thousand as of December 31, 2023[45] - Contract liabilities increased to $5.2 million as of September 30, 2024, from $4.4 million as of December 31, 2023, due to unshipped product orders and unredeemed product vouchers[38] Geographic and Market Operations - The company operates in multiple markets, including the Americas, Greater China, Southeast Asia, South Korea, Japan, India, and Europe, with additional operations in Russia and Kazakhstan through a local service provider[25] - 93% of net sales generated from subsidiaries outside the Americas, with Hong Kong subsidiary contributing 78% of net sales in the latest fiscal quarter[83] - 79% of revenue in 2023 generated in Hong Kong, substantially all from product sales to members in China[87] - Company operates an e-commerce direct selling platform in Hong Kong and a retail platform in China, with plans to reapply for a direct selling license in China[84] - The company plans to focus resources on investing in Greater China and other key markets, including establishing China-based manufacturing capabilities and increasing brand awareness[116] Lease and Other Expenses - Lease cost for the three months ended September 30, 2024 was $353 thousand, compared to $358 thousand for the same period in 2023[52] - Lease cost for the nine months ended September 30, 2024 was $1,069 thousand, compared to $1,085 thousand for the same period in 2023[52] - The weighted-average remaining lease term as of September 30, 2024 was 3.7 years, with a weighted-average discount rate of 4.3%[53] - The present value of lease liabilities as of September 30, 2024 was $2,930 thousand[54] Tax and Foreign Operations - The company has foreign net operating loss carryforwards of approximately $2.3 million as of September 30, 2024[57] - The company's cash and cash equivalents include $3.8 million held in bank accounts in China subject to foreign currency controls as of September 30, 2024[27] Sales Returns and Commissions - Sales returns were 1% of sales for both the nine months ended September 30, 2024, and 2023[35] - Member commissions represented 41% of net sales for the first nine months of 2024, compared to 42% in the same period of 2023[93] Membership and Sales Trends - Active members decreased to 30,880 as of September 30, 2024, from 32,410 at December 31, 2023, and 34,660 at September 30, 2023[82] Miscellaneous - Not applicable under smaller reporting company disclosure rules[120]

Exhibit 99.1 Natural Health Trends Reports Third Quarter 2024 Financial Results – Total net sales increased sequentially and year-over-year during the third quarter of 2024 – Improved operating bottom line for three consecutive quarters – Generated cash flows from operations before 2017 Tax Act installment of $514,000 during the first nine months of 2024 – Declared a quarterly cash dividend of $0.20 per share HONG KONG – October 30, 2024 – Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling ...

Natural Health Trends Corp. (NHTC) reported earnings per share (EPS) of 2 cents in the second quarter of 2024 against the year-ago loss of 2 cents per share. Revenues in Detail Natural Health registered revenues of $10.5 million in the second quarter, down 0.3% year over year. Lower revenues from the majority of the segments dampened the topline. Segment Details Natural Health derives revenues from three segments — Primary Reporting Segment, China and Russia and Kazakhstan. For the quarter under review, Pri ...

Natural Health Trends Corp. (NASDAQ:NHTC) Q2 2024 Earnings Conference Call July 31, 2024 11:30 AM ET Company Participants Michelle Glidewell - IR Chris Sharng - President Scott Davidson - SVP & CFO Conference Call Participants Operator Greetings, and welcome to the Natural Health Trends Corp. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your ...

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 the results [1]. Group 1: Financial Reporting - The financial results for the second quarter ended June 30, 2024, will be announced on July 31, 2024 [1]. - A conference call will be hosted by the President and CFO of Natural Health Trends to discuss the financial results on the same day [1]. Group 2: Conference Call Details - The conference call is scheduled for July 31, 2024, at 11:30 a.m. Eastern Time [2]. - Dial-in numbers for the conference call include 1-877-407-0789 for domestic and 1-201-689-8562 for international participants [2]. - A replay of the call will be available from 2:30 p.m. Eastern Time on July 31, 2024, until 11:59 p.m. Eastern Time on August 7, 2024 [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 [1]. - The company markets premium quality personal care products under the NHT Global brand [1].

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].

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 ...