Pure Well being Developments Studies Fourth Quarter and Full Yr 2021 Monetary Outcomes

  • Fourth quarter income of $16.1 million elevated 13% in comparison with the third quarter of 2021

  • Seventh consecutive quarter of optimistic working earnings and internet earnings

  • Generated optimistic money move from operations within the fourth quarter and full 12 months of 2021

  • Declared a quarterly money dividend of $0.20 per share

HONG KONG, Feb. 09, 2022 (GLOBE NEWSWIRE) — Pure Well being Developments Corp. (NASDAQ: NHTC), a number one direct-selling and e-commerce firm that markets premium high quality private care, wellness and “high quality of life” merchandise underneath the NHT International model, right now introduced its monetary outcomes for the fourth quarter and full 12 months ended December 31, 2021.

Fourth Quarter 2021 Monetary Highlights

  • Income of $16.1 million elevated 13% in comparison with $14.3 million within the third quarter of 2021 and decreased 3% in comparison with $16.6 million within the fourth quarter of 2020.

  • Working earnings was $487,000 in comparison with $479,000 within the third quarter of 2021 and $1.3 million within the fourth quarter of 2020.

  • Internet earnings was $232,000, or $0.02 per diluted share, in comparison with $471,000, or $0.04 per diluted share, within the third quarter of 2021 and $747,000, or $0.07 per diluted share, within the fourth quarter of 2020.

  • The variety of Energetic Members1 had been down barely to 45,760 at December 31, 2021, in comparison with 45,950 at September 30, 2021, and decreased 12% in comparison with 52,230 at December 31, 2020.

1 Pure Well being Developments defines Energetic Members as people who have positioned not less than one product order with the Firm in the course of the previous twelve-month interval.

Full Yr 2021 Monetary Highlights

  • Income of $60.0 million decreased 3% in comparison with $62.1 million in 2020.

  • Working earnings was $1.6 million in comparison with $669,000 in 2020.

  • Internet earnings was $1.1 million, or $0.09 per diluted share, in comparison with $843,000, or $0.07 per diluted share, in 2020.

Administration Commentary

“We had been happy to report fourth quarter income of $16.1 million, a rise of 13% over the third quarter of 2021,” commented Chris Sharng, President of Pure Well being Developments Corp. “The highest-line enchancment mirrored double-digit progress so as quantity given our elevated means to adapt to the ever-changing macroeconomic surroundings ensuing from the pandemic. The rise so as quantity resulted in our deferred income steadiness rising by $2.5 million from September 30 to December 31, 2021. Moreover, we reported our seventh consecutive quarter of optimistic working earnings and internet earnings.”

Mr. Sharng continued, “As we glance forward into 2022, the results of the COVID-19 pandemic, and the related government-mandated restrictions and lockdowns, will doubtless proceed to current headwinds to our enterprise. Nevertheless, we imagine we are able to proceed to help our order quantity as a result of unwavering arduous work and dedication of our staff, leaders and members, coupled with our means to shortly reply and adapt to altering market situations. We’re guardedly optimistic we are going to profit from a gradual resumption of in-person member occasions and actions going ahead.”

Steadiness Sheet and Money Circulate

  • Internet money supplied by working actions was $1.0 million in 2021 in comparison with $1.9 million in 2020.

  • Whole money and money equivalents had been $83.8 million as of December 31, 2021, down from $92.4 million as of December 31, 2020.

  • On February 7, 2022, the Firm’s Board of Administrators declared a quarterly money dividend of $0.20 on every share of frequent inventory excellent. The dividend might be payable on March 4, 2022 to stockholders of document as of February 22, 2022.

The Firm expects to subject its 2021 audited monetary ends in late February with its Annual Report on Type 10-Ok to be filed with the US Securities and Alternate Fee. These monetary outcomes are preliminary and the accompanying monetary statements haven’t been audited or haven’t but been reviewed by the Firm’s impartial accountants. Important updates and revisions could also be required earlier than the discharge of the Firm’s 2021 audited monetary outcomes.

Fourth Quarter and Full Yr 2021 Monetary Outcomes Convention Name

Administration will host a convention name to debate the fourth quarter and full 12 months 2021 monetary outcomes right now, Wednesday, February 9, 2022 at 11:30 a.m. Japanese Time. The convention name particulars are as follows:

For these unable to take part in the course of the reside broadcast, a replay of the decision may even be accessible from 2:30 p.m. Japanese Time on February 9, 2022 by means of 11:59 p.m. Japanese Time on February 23, 2022 by dialing 1-844-512-2921 (home) and 1-412-317-6671 (worldwide) and referencing the replay pin quantity: 13726094.

About Pure Well being Developments Corp.

Pure Well being Developments Corp. (NASDAQ: NHTC) is a global direct-selling and e-commerce firm working by means of its subsidiaries all through Asia, the Americas, and Europe. The Firm markets premium high quality private care merchandise underneath the NHT International model. Extra info could be discovered on the Firm’s web site at www.naturalhealthtrendscorp.com.

Ahead-Wanting Statements

Protected Harbor Assertion underneath the Personal Securities Litigation Reform Act of 1995 — Ahead-looking statements on this press launch don’t represent ensures of future efficiency. Such forward-looking statements are topic to dangers and uncertainties that might trigger the Firm’s precise outcomes to vary materially from these anticipated. Such dangers and uncertainties embrace the dangers and uncertainties detailed underneath the caption “Threat Elements” in Pure Well being Developments Corp.’s Annual Report on Type 10-Ok filed on February 26, 2021 with the Securities and Alternate Fee (SEC), in addition to in subsequent reviews filed this 12 months with the SEC. The Firm assumes no obligation to replace any forward-looking info contained on this press launch or with respect to the bulletins described herein.

CONTACTS:

Firm Contact:
Scott Davidson
Senior Vice President and Chief Monetary Officer
Pure Well being Developments Corp.
Tel (Hong Kong): +852-3107-0800
Tel (U.S.): 310-541-0888
[email protected]

Investor Contact:
ADDO Investor Relations
Tel: 310-829-5400
[email protected]

3

NATURAL HEALTH TRENDS CORP.
CONSOLIDATED BALANCE SHEETS
(In 1000’s, besides share information)

December 31,

2021

2020

(Unaudited)

ASSETS

Present property:

Money and money equivalents

$

83,843

$

92,367

Inventories

5,257

3,779

Different present property

4,369

3,595

Whole present property

93,469

99,741

Property and gear, internet

463

539

Working lease right-of-use property

3,021

3,745

Restricted money

522

525

Deferred tax asset

309

731

Different property

571

661

Whole property

$

98,355

$

105,942

LIABILITIES AND STOCKHOLDERS’ EQUITY

Present liabilities:

Accounts payable

$

761

$

580

Revenue taxes payable

1,345

1,481

Accrued commissions

3,636

3,496

Different accrued bills

1,933

1,922

Deferred income

8,536

3,091

Quantities held in eWallets

6,341

8,503

Working lease liabilities

1,239

1,163

Different present liabilities

865

1,270

Whole present liabilities

24,656

21,506

Revenue taxes payable

12,130

13,748

Deferred tax legal responsibility

153

216

Working lease liabilities

1,928

2,775

Whole liabilities

38,867

38,245

Stockholders’ fairness:

Most popular inventory

Widespread inventory

13

13

Extra paid-in capital

86,102

86,102

Retained earnings (gathered deficit)

(231

)

7,822

Collected different complete loss

(492

)

(336

)

Treasury inventory, at price

(25,904

)

(25,904

)

Whole stockholders’ fairness

59,488

67,697

Whole liabilities and stockholders’ fairness

$

98,355

$

105,942

NATURAL HEALTH TRENDS CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In 1000’s, besides per share information)

Three Months Ended
December 31,

Yr Ended December 31,

2021

2020

2021

2020

(Unaudited)

(Unaudited)

Internet gross sales

$

16,108

$

16,595

$

60,005

$

62,071

Price of gross sales

4,153

4,024

15,010

16,990

Gross revenue

11,955

12,571

44,995

45,081

Working bills:

Commissions expense

7,110

6,868

25,578

26,204

Promoting, basic and administrative bills

4,358

4,437

17,846

18,208

Whole working bills

11,468

11,305

43,424

44,412

Revenue from operations

487

1,266

1,571

669

Different earnings (expense), internet

31

218

(61

)

821

Revenue earlier than earnings taxes

518

1,484

1,510

1,490

Revenue tax provision

286

737

425

647

Internet earnings

$

232

$

747

$

1,085

$

843

Internet earnings per frequent share:

Fundamental

$

0.02

$

0.07

$

0.10

$

0.08

Diluted

$

0.02

$

0.07

$

0.09

$

0.07

Weighted-average variety of frequent shares excellent:

Fundamental

11,159

10,777

11,017

10,630

Diluted

11,424

11,424

11,424

11,424

5

NATURAL HEALTH TRENDS CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In 1000’s)

Yr Ended December 31,

2021

2020

CASH FLOWS FROM OPERATING ACTIVITIES:

(Unaudited)

Internet earnings

$

1,085

$

843

Changes to reconcile internet earnings to internet money supplied by working actions:

Depreciation and amortization

299

410

Noncash lease expense

1,163

1,532

Deferred earnings taxes

362

1,339

Adjustments in property and liabilities:

Inventories

(1,547

)

2,700

Different present property

(803

)

2,322

Different property

68

181

Accounts payable

182

(102

)

Revenue taxes payable

(1,753

)

(311

)

Accrued commissions

212

566

Different accrued bills

20

(471

)

Deferred income

5,482

(1,433

)

Quantities held in eWallets

(2,122

)

(4,491

)

Working lease liabilities

(1,237

)

(1,427

)

Different present liabilities

(395

)

227

Internet money supplied by working actions

1,016

1,885

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchases of property and gear

(225

)

(211

)

Internet money utilized in investing actions

(225

)

(211

)

CASH FLOWS FROM FINANCING ACTIVITIES:

Dividends paid

(9,138

)

(9,138

)

Internet money utilized in financing actions

(9,138

)

(9,138

)

Impact of alternate charges on money, money equivalents and restricted money

(180

)

931

Internet lower in money, money equivalents and restricted money

(8,527

)

(6,533

)

CASH, CASH EQUIVALENTS AND RESTRICTED CASH, starting of interval

92,892

99,425

CASH, CASH EQUIVALENTS AND RESTRICTED CASH, finish of interval

$

84,365

$

92,892

SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:

Proper-of-use property obtained in alternate for working lease liabilities

$

472

$

2,747

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