NHT Global(NHTC) - 2024 Q4 - Earnings Call Transcript

Financial Data and Key Metrics Changes - Total fourth quarter revenue was $10.8 million, roughly unchanged from $10.9 million in the fourth quarter a year ago [14] - Gross profit margin for the fourth quarter was 74.2%, slightly down from 74.5% in the prior year due to higher freight costs [15] - 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 [16] 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 [6][14] - The active member base was 30,870 at December 31, consistent with September 30, but a 5% decline since the end of December 2023 [15] 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 [6] Company Strategy and Development Direction - The company introduced two new products in Hong Kong and rolled them out in Taiwan and North America, aiming to enhance market presence and consumer engagement [7][8] - The opening of the Colombia market for in-country order taking reflects the company's strategy to expand its global footprint [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by consumer sentiment and macroeconomic conditions in Greater China but expressed confidence in the company's direction and the commitment of its leaders and members [19][20] - The company remains focused on innovating and enhancing support for its members to ensure continued success [20] Other Important Information - The company paid out $9.2 million in dividends for the full year of 2024 and declared a quarterly cash dividend of $0.20 per share [18][19] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.