NHT Global(US:NHTC)2024-05-01 21:06Financial Data and Key Metrics Changes - Total revenue for Q1 2024 was $11 million, an 8% decrease from $11.9 million in Q1 2023, attributed to an increase in deferred revenue of $1 million [11] - Gross profit margin declined slightly to 73.4% from 74.5% in the prior year due to increased product costs [12] - Net income for Q1 2024 was $188,000 or $0.02 per diluted share, compared to $257,000 or $0.02 per diluted share in Q1 2023 [13] Business Line Data and Key Metrics Changes - The active member base decreased to 31,620 at March 31, down from 32,410 at December 31, and down 18% from 38,330 at March 31 last year [11] - Commissions expense as a percentage of net sales decreased to 41% from 42.1% in the prior year quarter [12] Market Data and Key Metrics Changes - India achieved year-over-year triple-digit growth driven by the launch of a new product and a robust calendar of events [9] - The company resumed product road shows, connecting with over 600 participants eager to learn about new products [8] Company Strategy and Development Direction - The company emphasizes innovation, customer satisfaction, leadership development, and operational efficiency as part of its strategy [7] - The year-long achiever bonus program and the train the trainer program have been well received, indicating a focus on building loyal product consumers and future leaders [7] Management Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the operating landscape and its potential impact on the business, noting encouraging signs pointing in the right direction [14] - The company remains committed to prudent financial management and improving operational efficiencies [15] Other Important Information - Total cash, cash equivalents, and marketable securities were $54.4 million at March 31, down from $56.2 million at December 31 [14] - The Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on May 24 to stockholders of record as of May 14 [14] Q&A Session Summary No Q&A session was held for this event [16]