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NHT Global(NHTC) - 2024 Q4 - Earnings Call Transcript
2025-02-05 17:30
Financial Data and Key Metrics Changes - Total fourth quarter revenue was $10.8 million, roughly unchanged from $10.9 million in the same quarter last year [11] - Gross profit margin for the fourth quarter was 74.2%, slightly down from 74.5% year-over-year, primarily due to higher freight costs [12] - Net income for the fourth quarter was $176,000 or $0.02 per diluted share, compared to $358,000 or $0.03 per diluted share in the fourth quarter of 2023 [13] Business Line Data and Key Metrics Changes - Revenue in the primary market of Greater China increased by 7% compared to the fourth quarter of 2023, while performance in Taiwan and North America negatively impacted overall results [5][11] - Active member base remained at 30,870 as of December 31, consistent with September 30, but showed a 5% decline since December 2023 [11] Market Data and Key Metrics Changes - The Greater China market showed a 9% increase in net sales compared to the preceding third quarter of 2024, indicating a positive trend despite sluggish consumer sentiment [5] - The company introduced new products in Hong Kong and conducted a six-city roadshow in China to promote these products [6] Company Strategy and Development Direction - The company is focusing on safeguarding margins and reinforcing market discipline through strategic price adjustments and reduced product promotions [5] - New product launches and training initiatives are aimed at empowering members and enhancing recruitment and retention [8][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging consumer sentiment and macroeconomic conditions in Greater China but expressed confidence in the company's direction and the commitment of key leaders and members [15] - The company remains committed to innovating and enhancing support for its members to ensure continued success [15] Other Important Information - The company paid out $9.2 million in dividends for the full year 2024, emphasizing the priority of returning capital to stockholders [14] - A quarterly cash dividend of $0.2 per share was declared, payable on February 28 to stockholders of record as of February 18 [15] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.