Pure Well being Traits Corp. introduced fourth quarter income of $16.1 million, a 13% enhance over the third quarter of the identical yr, however a slight decline (-3%) from the fourth quarter of 2020. Internet earnings was $232,000, down from $471,000 within the third quarter of 2021 and $747,000 within the fourth quarter of 2020. Lively members in the course of the quarter had been barely all the way down to 45,760 on the finish of 2021, in comparison with 45,950 on the finish of the third quarter of 2021 and 52,230 on the finish of 2020. 

“We had been happy to report fourth quarter income of $16.1 million, a rise of 13% over the third quarter of 2021,” mentioned Chris Sharng, President of Pure Well being Traits Corp. “The highest-line enchancment mirrored double-digit development so as quantity given our elevated capability to adapt to the ever-changing macroeconomic setting ensuing from the pandemic. The rise so as quantity resulted in our deferred income stability rising by $2.5 million from September 30 to December 31, 2021. Moreover, we reported our seventh consecutive quarter of optimistic working earnings and internet earnings.” 

Full yr 2021 monetary stories embrace $60 million in income, a slight lower (-3%) from $62.1 million in 2020. Working earnings was up considerably to $1.6 million, in comparison with $669,000 in 2020. Internet earnings was additionally up, totaling $1.1 million, in comparison with $843,000 in 2020. 

“As we glance forward into 2022, the results of the COVID-19 pandemic, and the related government-mandated restrictions and lockdowns, will probably proceed to current headwinds to our enterprise,” Sharng mentioned. “Nevertheless, we consider we are able to proceed to assist our order quantity because of the unwavering exhausting work and dedication of our workers, leaders and members, coupled with our capability to rapidly reply and adapt to altering market circumstances. We’re guardedly optimistic we are going to profit from a gradual resumption of in-person member occasions and actions going ahead.” 

The corporate’s stability sheet on the finish of 2021 confirmed internet money of $1 million, and complete money and money equivalents of $83.8 million.