Pure Well being Tendencies Corp. NHTC reported third-quarter 2024 breakeven earnings per share (EPS) in contrast with the year-ago EPS of two cents.
NHTC’s Revenues in Element
Pure Well being registered revenues of $10.7 million within the third quarter, up 0.7% 12 months over 12 months.
Decrease revenues from the Major Reporting Section dampened the highest line.
Shares of this firm gained practically 0.7% in yesterday’s after-hours buying and selling.
Discover the most recent EPS estimates and surprises on Zacks Earnings Calendar.
Pure Well being Section Particulars
Pure Well being derives revenues from three segments — Major Reporting Section, China, and Russia and Kazakhstan.
For the quarter below overview, Major Reporting Section revenues have been $9.9 million, down 2.9% from the year-ago quarter.
Revenues within the China area totaled $0.6 million, up 136.6% 12 months over 12 months.
The Russia and Kazakhstan area generated revenues of $0.1 million, up 24.1% from the year-ago quarter.
Pure Well being Tendencies Corp. Value, Consensus and EPS Shock
Natural Health Trends Corp. price-consensus-eps-surprise-chart | Pure Well being Tendencies Corp. Quote
NHTC’s Gross Margin
Within the quarter below overview, Pure Well being’s gross revenue margin was 74.1% in contrast with 74.7% within the year-ago interval.
The decline in gross revenue margin for the three-month interval ended Sept. 30, 2024, was primarily attributable to greater prices associated to the corporate’s Premium Noni Juice product.
Pure Well being’s Working Bills Evaluation
Promoting, normal and administrative bills elevated 0.3% to $3.9 million.
NHTC’s Profitability
The working loss totaled $0.28 million within the third quarter of 2024 in contrast with the prior-year quarter’s working lack of $0.29 million.
Within the third quarter, Pure Well being’s web revenue was $0.04 million in contrast with the year-ago quarter’s $0.2 million. The lower was attributable to decrease curiosity revenue and better efficient tax charges than the third quarter of 2023.
Pure Well being’s Liquidity & Debt Administration
Pure Well being exited third-quarter 2024 with money and money equivalents of $22.9 million in contrast with $15.6 million on the second-quarter finish.
Cumulative web money utilized in working actions on the finish of the third quarter was $3.5 million in contrast with $4.2 million a 12 months in the past.
Our Take
Pure Well being exited the third quarter with encouraging top-line outcomes. The uptick in revenues within the China and Russia and Kazakhstan areas have been additionally promising. On the incomes name, administration shared its plans of rolling out new merchandise in Turkey via the fourth quarter, together with its Skindulgence revitalizing serum and eye cream, together with the brand new taste collagen supreme complement and Root Revive a brand new hair progress serum to advertise a more healthy, stronger wanting hair. These elevate our optimism concerning the inventory.
Additionally, the corporate’s efforts to develop its market presence and herald new clients look promising.
Nonetheless, NHTC’s bottom-line outcomes and decrease revenues from the Major Reporting Section have been discouraging. In the course of the reported quarter, the gross margin contracted, which didn’t bode properly. Per administration, shopper spending in Pure Well being’s primary market continued to be weak, which doesn’t look promising.
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