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Natural Health Trends Q1 Net Loss Improves

Posted on: Friday, 16 May 2008, 03:00 CDT

Natural Health Trends, a direct-selling and e-commerce company, has reported a net loss of $0.7 million for the first quarter of 2008, compared with a net loss of $5 million in the first quarter of 2007.

For the first quarter of 2008, the company reported net sales of $11.4 million, compared to $21.5 million in the same quarter of 2007. Gross profit was $8.3 million, compared to $15.82 million in the same quarter of 2007.

Chris Sharng, president, said: "Though the company incurred an operating loss of $0.7 million in the first quarter, non-cash items such as depreciation, stock-based compensation and certain accounting charges on the implicit debentures' interest costs, totaled $0.9 million. In the month of March, our business operations were cash positive. We believe that we have regained nascent revenue momentum through certain personnel changes, compensation plan changes and dynamic training sessions."

Source: Datamonitor

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