NHT Global(US:NHTC)2024-05-01 13:10Financial 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]