Pure Well being Tendencies Corp. reported fourth quarter 2022 income of $12.5 million, a 7% enhance over the third quarter of 2022, however a 22% decline from the identical quarter of 2021. The corporate additionally skilled a constructive turnaround with an working revenue of $43,000 through the fourth quarter, in comparison with an working lack of $145,000 within the earlier quarter of 2022, however this quantity stays a pointy distinction to the working revenue of $487,000 in the identical quarter of 2021.
Energetic members for the corporate have been down 6% sequentially in This autumn and down 12% year-over-year.
For full yr 2022, Pure Well being Tendencies posted income of $49.1 million, down 18% from $60 million in 2021. Internet revenue was $313,000, in comparison with $1.1 million in 2021.
Internet money supplied by working actions reached $938,000 in This autumn of 2022 and whole money and money equivalents have been $69.7 million.
“Throughout many of the fourth quarter, a lot of the city Chinese language inhabitants was nonetheless below some types of restrictions,” stated Chris Sharng, President of Pure Well being Tendencies Corp. “On this tough working setting, we targeted on defending our margin by diligently controlling prices and exercising self-discipline in advertising and marketing and product combine, whereas nonetheless managing to extend income sequentially in comparison with the third quarter. The results of our effort was constructive working and internet revenue for the fourth quarter, in addition to money from operations. With the ending of the ‘Zero-Covid’ coverage, we’re hopeful that our members can conduct extra in-person conferences whereas we help extra occasions and incentive journeys. We want to thank all of our hardworking members, outdated and new, who’ve endured the previous few years and demonstrated sturdy dedication to our merchandise and our enterprise.”
