Pure Well being Developments Corp. introduced a 16% sequential enhance in income, totaling $13.4 million, in comparison with $11.5 million within the first quarter of this 12 months. 12 months over 12 months, income dipped 17% from $16.2 million within the second quarter of 2021.
Working revenue was $215,000, in comparison with an working lack of $383,000 within the first quarter of the 12 months and down from an working revenue of $385,000 within the second quarter of 2021. Web revenue additionally improved over the primary quarter to $183,000 ($0.02 per diluted share), in comparison with a internet lack of $105,000 in Q1 ($0.01 per diluted share), however was down from the second quarter of final 12 months’s internet revenue of $229,000 ($0.02 per share).
Energetic members dipped by 8% in comparison with the second quarter of final 12 months to simply over 43,000 individuals.
“We continued to face important and unpredictable COVID-related disruptions within the second quarter as lockdowns and social restrictions, together with provide chain bottlenecks, endured in Better China,” mentioned Chris Sharng, President of Pure Well being Developments Corp. “Regardless of not having the ability to host any bigger in-person actions, we completed the quarter sturdy with a well-attended digital occasion and our members’ constructive response to promotional incentives. In June, working carefully with our leaders, we rolled out a brand new digital coaching system that includes company-sponsored product coaching and member-led enterprise, motivational and management coaching to higher help the continued improvement and engagement of members within the Better China market.”
On the finish of the quarter, complete money and money equivalents for the corporate had been $75.6 million, and the board of administrators declared a quarterly money dividend of $0.20 on every share of widespread inventory excellent.
“We’re inspired concerning the progress within the European market that emanated from our Swedish crew after internet hosting a profitable face-to-face occasion in April,” Sharng mentioned. “In different markets exterior of Better China we supported our members each on-line and in individual via digital occasions, incentive journeys and native gross sales initiatives geared toward driving member and buyer progress. We stay dedicated to the basics of our enterprise and to implementing methods for future progress with the target of returning worth to our shareholders.”
