NHTC Q1 Revenues Increase to $40.9 Million
Natural Health Trends Corp. (Nasdaq: NHTC) estimates revenue for the quarter ended March 31, 2015 to be $40.9 million.
The Company also estimates that its deferred revenue at March 31, 2015 was $10.2 million, compared to $2.7 million at December 31, 2014. In the first quarter of 2014, revenue was $23.2 million, with deferred revenue of $7.9 million at March 31, 2014 and $2.6 million at December 31, 2013.
Increase in quarter end deferred revenue compared to a year ago was attributable to the rapid increase in total orders, the Chinese New Year falling on a later date this year compared to last year and the labor strife on the U.S. West Coast.
The revenue estimate is preliminary and has not been reviewed by the Company’s independent accountants.
Significant updates and revisions may be required before the release of the Company’s first quarter financial results in May. In addition, the Company’s quarterly financial results will include other factors necessary to calculate additional financial metrics, including gross profit and net income.
About Natural Health Trends Corp.
Natural Health Trends Corp. is an international direct-selling and e-commerce company operating through its subsidiaries throughout Asia, North America, and Europe. The company markets premium quality personal care products under the NHT Global brand. Additional information can be found on the company’s website, www.naturalhealthtrendscorp.com.