Pure Well being Tendencies Corp. introduced its first quarter monetary outcomes for 2023, posting income of $11.9 million, a 3% enhance from the identical interval final 12 months. Working loss elevated to $394,000 from $383,000 in the course of the first quarter of 2022.
Web earnings for the corporate was $257,000, or $0.02 per diluted share, and energetic members totaled 38,330, down 14% from the primary quarter of 2022.
“Regardless of the top of the Zero-Covid insurance policies final December, our expertise is that customers have been sluggish and gradual to take part within the reopening,” mentioned Chris Sharng, Pure Well being Tendencies Corp. President. “On this extra constructive atmosphere, we’re inspired that our Hong Kong enterprise has proven good progress as income elevated 3% year-over-year, the primary year-over-year enhance because the third quarter of 2021 and the second enhance because the third quarter of 2018. If the present development of an enhancing working atmosphere continues, we’re hopeful that our enterprise can profit from the prospect that persons are extra keen to satisfy, collect and journey—all vital actions to how we facilitate our enterprise growth.”
Whole money and money equivalents on the finish of the quarter had been $66.6 million, down from $69.7 million on the finish of 2022.
