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Natural Health Trends Reports Strong Third Quarter 2015 Financial Results

The following excerpt is from the company's SEC filing.

Record quarterly revenue increased

year-over-year to

$80.8 million

Record quarterly net income of

$14.5 million

per diluted share

Increased dividend by 25% to $0.05 per share

Repurchased $5.0 million of common stock during the quarter

LOS ANGELES – October 27, 2015 – Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling company that markets premium quality personal care, wellness and "quality of life" products under the NHT Global brand, today announced its financial results for the quarter ended September 30, 2015.

Third Quarter

Financial Highlights

Total revenue increased

, compared to

$31.8 million

in the

quarter of

Revenue from the Company’s Hong Kong operations, which represents

of total revenue, increased

$75.9 million

$28.3 million

Revenue outside of Hong Kong increased

$4.9 million

$3.5 million

Operating income increased

$14.8 million

$5.5 million

Net income available to common stockholders was

per diluted share, compared to

$5.4 million

per diluted share, in the

The number of Active Members


September 30, 2015


June 30, 2015

Natural Health Trends defines Active Members as those that have placed at least one product order with the Company during the preceding twelve month period.

Year-to-Date 2015 Financial Highlights

$191.2 million

$89.2 million

in the first

months of

$34.0 million

$33.5 million

$14.6 million

per diluted share, in the first

Management Commentary

"The third quarter was a record quarter, driven by our successful execution efforts for launching and marketing our products, as well as through supporting our leaders in developing effective sales techniques,” commented Chris Sharng, President of Natural Health Trends Corp. “Our record third quarter revenue and net income both posted significant sequential increases and more than doubled versus the third quarter last year. Strengthened consumer demand for our products in China, coupled with strong growth in our active member base helped contribute to this impressive growth.”

Mr. Sharng continued, “We were very pleased to report that we have initiated the process for submitting a direct-selling license application in the Chinese province of Guangdong. We are hopeful that a license will enable us to drive incremental growth by leveraging our growing brand recognition in China as well as our Hong Kong distribution infrastructure. As we are still very early in this process, timing for obtaining our direct-selling license remains uncertain. In the interim, we will remain highly focused on managing all aspects of our core business that are within our control.”

Balance Sheet and Cash Flow

, cash and cash equivalents totaled

$94.6 million

$74.4 million

Net cash provided by operating activities in the

$25.7 million

$8.1 million

. For the first

, net cash provided by operating activities was

$65.2 million