Pure Well being Developments Corp. introduced an 18% lower in third quarter income from the earlier yr’s quarter, right down to $11.7 million from $14.3 million. Working earnings within the third quarter of final yr was $479,000 and $215,000 within the second quarter of this yr, however the firm endured an working lack of $145,000 in Q3 2022.
Web earnings through the quarter was $47,000, in comparison with internet earnings of $183,000 within the second quarter of 2022. The variety of lively members was down barely (4%) consecutively and down 10% in comparison with the identical quarter final yr.
“Our third quarter outcomes have been adversely impacted by prolonged and ongoing COVID-related measures in China,” mentioned Chris Sharng, President of Pure Well being Developments Corp. “Regardless of the unpredictable surroundings our members should navigate by, they proceed to work onerous to share our superior well being, wellness and sweetness merchandise and we proceed to help them with new reward applications, digital occasions, promotions and cautiously deliberate and executed incentive journeys and trainings.”
The corporate’s stability sheet consists of internet money of $5.8 million and money and money equivalents of $70.7 million.
