Natural Health Trends Reports Fourth Quarter and Full Year 2024 Financial Results

Core Insights - Natural Health Trends Corp. reported steady performance in the fourth quarter of 2024, with net sales from its Hong Kong business increasing by 9% sequentially and 7% year-over-year despite challenging consumer sentiment [4][7] - The company declared a quarterly cash dividend of $0.20 per share, payable on February 28, 2025 [9] - The company relocated its corporate headquarters from Hong Kong back to Rolling Hills Estates, California in February 2025 [5] Fourth Quarter 2024 Financial Highlights - Revenue for the fourth quarter was $10.8 million, roughly unchanged from $10.9 million in the same quarter of 2023 [7] - Operating loss was $421,000, compared to a loss of $292,000 in the fourth quarter of 2023 [7] - Net income was $176,000, or $0.02 per diluted share, down from $358,000, or $0.03 per diluted share in the fourth quarter of 2023 [7][18] Full Year 2024 Financial Highlights - Total revenue for the full year was $43.0 million, a decrease of 2% compared to $43.9 million in 2023 [7] - Operating loss for the full year was $1.3 million, an improvement from a loss of $1.7 million in 2023 [7] - Net income for the full year was $572,000, or $0.05 per diluted share, compared to $568,000, or $0.05 per diluted share in 2023 [7][18] Cash Flow and Balance Sheet - Net cash provided by operating activities was $88,000 in the fourth quarter of 2024, compared to net cash used of $69,000 in the fourth quarter of 2023 [8] - Total cash, cash equivalents, and marketable securities were $43.9 million as of December 31, 2024, down from $46.3 million as of September 30, 2024 [8] - The company has paid $15.1 million of the total $20.2 million liability arising from the 2017 U.S. Tax Cuts and Jobs Act [8]