NHT Global(NHTC)2025-02-05 14:10Financial Performance - Fourth quarter net sales were 10.9 million in Q4 2023, with a 9% sequential increase from the Hong Kong business and a 7% year-over-year increase[4]. - Full year net sales decreased by 2% to 43.9 million in 2023[4]. - Net income for Q4 2024 was 0.02 per diluted share, down from 0.03 per diluted share, in Q4 2023[4]. - Net income for 2024 increased to 568 million in 2023, reflecting a slight growth[16]. Membership and Operations - Active Members totaled 30,870 as of December 31, 2024, a decrease of 5% from 32,410 at the end of 2023[4]. - Operating loss for Q4 2024 was 292,000 in Q4 2023[4]. Cash Flow and Liquidity - Total cash, cash equivalents, and marketable securities were 46.3 million as of September 30, 2024[9]. - Net cash provided by operating activities was 69,000 in Q4 2023[9]. - Net cash used in operating activities improved to (4,278) million in 2023[16]. - Cash, cash equivalents, and restricted cash at the end of the period decreased to 56,217 million[16]. - The net decrease in cash, cash equivalents, and restricted cash was (13,529) million in 2023, highlighting a significant cash outflow[16]. Investments and Assets - Net cash used in investing activities rose significantly to (46) million in 2023, primarily due to purchases of marketable securities[16]. - Right-of-use assets obtained in exchange for operating lease liabilities amounted to 147 million in 2023[16]. - Deferred revenue decreased to 565 million in 2023, indicating a decline in future revenue recognition[16]. Dividends and Corporate Actions - The company declared a quarterly cash dividend of (9,213) million in both 2024 and 2023[16]. - The company relocated its corporate headquarters from Hong Kong back to Rolling Hills Estates, California in February 2025[4]. - The company expects to issue its 2024 audited financial results in late February 2025[6].