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Natural Health Trends Corp (NHTC) Q3 2023 Earnings Call Transcript

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Natural Health Trends Corp (NASDAQ:NHTC) Q3 2023 Earnings Conference Call November 1, 2023 11:30 AM ET

Company Participants

Michelle Glidewell – Senior Manager of NHT Global Corp

Chris Sharng – President and Director

Timothy Davidson – Senior VP, CFO and Secretary

Operator

Greetings. Welcome to Natural Health Trends Corp. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to Michelle Glidewell with Natural Health Trends Corp. Thank you. You may begin.

Michelle Glidewell

Thank you, and welcome to Natural Health Trends Third Quarter 2023 Earnings Conference Call. During today’s call, there may be statements made relating to the future results of the company that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements to the result of certain factors, including those set forth in the company’s filings with the Securities and Exchange Commission. It should also be noted that today’s call will be webcast live and can be found on the Investors section of the company’s corporate website at naturalhealthtrendscorp.com.

Instructions for accessing the archived version of the conference call can be found in today’s financial results press release, which was issued at approximately 9:00 a.m. Eastern time.

At this time, I’d like to turn the call over to Chris Sharng, President of Natural Health Trends.

Chris Sharng

Thank you, Michelle, and thanks to everyone for joining us this morning to discuss our third quarter 2023 financial results. With me today is Scott Davidson, our Senior Vice President and Chief Financial Officer.

For the quarter, we generated revenue of $10.6 million, a decrease of 9% compared to the third quarter of 2022. The decrease was largely accounted for by changes in deferred revenue

Read the full article here

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