NHT Global(US:NHTC)2023-11-01 20:10Financial Data and Key Metrics Changes - Total revenue for Q3 2023 was $10.6 million, a decrease of 9% compared to $11.7 million in Q3 2022, primarily due to changes in deferred revenue as orders were received later in the quarter [4][9] - Gross profit margin improved slightly to 74.7% from 73.6% in the prior year due to lower logistics costs [10] - Net income for Q3 2023 totaled $172,000 or $0.02 per diluted share, compared to $47,000 or breakeven per diluted share in Q3 2022 [10] Business Line Data and Key Metrics Changes - Active member base decreased 6% to 34,660 at September 30 from 36,730 at June 30, and was down 16% from 41,170 at September 30 last year [10] - Orders taken during Q3 2023 were roughly flat, with a 3% increase at constant exchange rates compared to Q3 2022, and an 8% increase year-to-date [4][5] Market Data and Key Metrics Changes - Strong performances were noted in markets outside of China and Hong Kong, particularly in Taiwan, Peru, North America, and Japan, where orders taken increased at constant exchange rates compared to the prior year [6] - The company is preparing to launch its business in Colombia in Q4 and is progressing regulatory requirements to operate in Bolivia [7] Company Strategy and Development Direction - The company is focusing on digital enhancements, new product introductions, and exceptional support to drive future growth [7] - Upcoming product launch includes Relaxo Pro, aimed at reducing stress and promoting confidence, indicating a commitment to innovation in product offerings [5] Management Comments on Operating Environment and Future Outlook - Management noted that the economic landscape is challenging, particularly with Chinese consumers being reluctant to spend, yet orders taken show resilience [4] - The company remains committed to careful planning and execution of strategic initiatives to return to growth and enhance shareholder value [11] Other Important Information - Total cash and cash equivalents were $58.4 million at September 30, down from $61.6 million at June 30 [11] - A quarterly cash dividend of $0.20 per share was declared, payable on November 24 to stockholders of record as of November 14 [11] Q&A Session Summary - The Q&A session concluded without any recorded questions or answers, indicating a lack of engagement during this segment [12]