NHT Global(US:NHTC)2024-02-07 20:08Financial Data and Key Metrics Changes - Total revenue for Q4 2023 was $10.9 million, a 3% increase from $10.6 million in Q3 2023, but a 13% decrease from $12.5 million in Q4 2022 [6][13] - For the full year 2023, total revenue was $43.9 million, down from $49.1 million in 2022, primarily due to changes in deferred revenue [13] - Net income for Q4 2023 was $358,000 or $0.03 per diluted share, compared to $172,000 or $0.02 per diluted share in Q3 2023 and $188,000 or $0.02 per diluted share in Q4 2022 [15] - Gross profit margin improved to 74.5% from 73.9% in the same quarter last year due to lower logistics costs [14] Business Line Data and Key Metrics Changes - Active member base declined 6% to 32,410 at December 31, 2023, from 34,660 at September 30, 2023, and down 16% from 38,660 at December 31, 2022 [13] - Commissions expense as a percentage of net sales decreased to 41.6% from 43% in the same quarter last year [14] Market Data and Key Metrics Changes - The company experienced a sequential increase in orders despite challenging consumer sentiment in China [6] - In-person activities, such as the Fly High event in Hong Kong and the Abu Dhabi trip, contributed to increased engagement and potential revenue growth [7][8] Company Strategy and Development Direction - The company plans to sponsor more in-person events to enhance market campaigns and member engagement [6] - 2024 plans emphasize training offerings for various consumer types to cultivate new talent and support existing members [8] - The company aims to innovate and strengthen its product offerings to support business growth [17] Management Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges in the macroeconomic environment but expressed optimism about future growth opportunities through enhanced member engagement and product offerings [6][17] - The company remains committed to returning capital to stockholders, having declared a quarterly cash dividend of $0.20 per share [16] Other Important Information - The company paid out $9.2 million in dividends for the full year 2023 [16] - The company was recognized by the Swedish Direct Selling Association as a top company in the market for the second consecutive year [10] Q&A Session Summary - No specific questions or answers were provided in the transcript, indicating the conclusion of the conference call [17]