The persistent double-digit revenue decline and member losses indicate worsening fundamentals despite cost savings. Monitor next quarter for signs of stabilization; the anniversary event in Hong Kong may provide a temporary catalyst, but underlying trends remain bearish.
Price Chart
Executive Summary
NHTC reported Q1 2026 revenue of $9.2M, down 14% YoY, and a net loss of $0.02 per share vs a $0.01 profit a year ago. Active members continued to decline, and operating cash flow turned negative. The restructuring program's cost savings partially offset deterioration, but top-line and profitability trends remain negative.
Key Financial Metrics
Key Facts
- Revenue $9.2M, down 14% YoY from $10.7M
- Net loss ($0.154M) or ($0.02) per diluted share vs net income $0.122M ($0.01) in Q1 2025
- Operating loss widened to ($474K) from ($345K) YoY
- Active members fell to 26,400 from 30,180 YoY
- Operating cash flow of ($797K) vs +$484K a year ago
- Share repurchases of $5.87M and dividends of $0.10 per share declared
- Cash and marketable securities decreased to $21.2M from $28.9M at year-end 2025
Financial Impact
Revenue decline of 14% YoY and swing from net income to net loss of $0.154M
Risk Factors
- Accelerating revenue decline given 14% YoY drop
- Continued member attrition reducing future sales potential
- Cash burn from operations ($0.8M) and capital allocation toward dividends/buybacks may pressure liquidity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013743 |
| Document: nhtc20260306_8k.htm | 0001437749-26-013743 |
| Document: 0001437749-26-013743-index-headers.html | 0001437749-26-013743 |
| Document: 0001437749-26-013743-index.html | 0001437749-26-013743 |
| Document: 0001437749-26-013743.txt | 0001437749-26-013743 |
| 8-K Data (Synthetic) | 0001437749-26-013743 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Press Release | $0.8470 | awaiting T+60 | — | $0.8200 (−3.19%) |
Jul 29, 2026 12w ago | 8-K | $1.73 $0.8361 | ▲ +51.53% | ▲ +56.26% | $0.8200 (+52.46%) |
Jul 29, 2026 12w ago | Press Release | $1.73 $0.8361 | ▲ +51.53% | ▲ +56.26% | $0.8200 (+52.46%) |
May 7, 2026 24w ago | 8-K | $3.10 $1.84 | ▼ −40.63% | ▼ −44.46% | $0.8200 (−73.54%) |
Apr 29, 2026 25w ago | 8-K | $2.87 $1.80 | ▲ +37.21% | ▲ +41.32% | $0.8200 (+71.39%) |
Apr 29, 2026 25w ago | Press Release | $2.87 $1.80 | ▲ +37.21% | ▲ +41.32% | $0.8200 (+71.39%) |
Apr 22, 2026 26w ago | Press Release | $2.84 $1.91 | ▼ −32.87% | ▼ −37.65% | $0.8200 (−71.10%) |
Mar 24, 2026 30w ago | DEFA14A | $2.61 $1.82 | ▼ −30.14% | ▼ −44.46% | $0.8200 (−68.52%) |
US Market Status
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