Natural Health Trends Corp. today announced financial results for the second quarter ended June 30, 2018.
Total revenue of $50.9 million decreased 1 percent compared to $51.5 million in the second quarter of 2017, and decreased 3 percent compared to $52.4 million in the first quarter of 2018.
“Our second quarter performance reflected a continuation of the momentum we established in the fourth quarter of 2017,” said Chris Sharng, president of Natural Health Trends. “The 3 percent sequential decline in quarterly revenue can be attributed to the timing of our promotional activities. Major incentive trips, such as those to Australia and Seattle, took our members out of the markets in the second quarter. However, the associated qualification periods concluded in prior quarters.”
Revenue from the company’s Hong Kong operations, which represented 88 percent of total revenue, was $44.6 million, a decrease of 2 percent compared to $45.7 million in the second quarter of 2017. Revenue outside of Hong Kong of $6.3 million increased 9 percent compared to $5.8 million in the second quarter of 2017.
The number of Active Members decreased 2 percent to 93,000 at June 30, 2018, compared to 95,040 at March 31, 2018, and decreased 13 percent compared to 107,290 at June 30, 2017.
For the year, total revenue of $103.3 million decreased 7 percent compared to $111.3 million in the first six months of 2017.