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Natural Health Trends Corp. (NASDAQ:NHTC), a global direct-selling and e-commerce company with a market capitalization of $58.8 million, has announced a change in its independent registered public accounting firm. The company, which maintains impressive gross profit margins of 74% and pays a substantial 16% dividend yield, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that Marcum LLP has resigned and CBIZ (NYSE:CBZ) CPAs P.C. has been appointed as the new firm for the fiscal year ending December 31, 2025. According to InvestingPro analysis, NHTC currently trades slightly below its Fair Value, with strong financial health indicators including a comfortable current ratio of 2.45.
The transition comes after CBIZ acquired the attest business of Marcum LLP on November 1, 2024, where the partners and staff of Marcum’s attestation services joined CBIZ. This change occurred subsequent to the filing of Natural Health Trends’ Annual Report on Form 10-K for the fiscal year ended December 31, 2024. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 8 additional key tips and a detailed Pro Research Report, part of its coverage of over 1,400 US stocks.
According to the SEC filing, Marcum’s reports on the company’s financial statements for the fiscal years ended December 31, 2024, and 2023, did not contain any adverse opinion or disclaimer of opinion. They were not qualified or modified regarding uncertainty, audit scope, or accounting principles.
Furthermore, there were no disagreements or "reportable events" between Natural Health Trends and Marcum on matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures up to the date of resignation, March 13, 2025.
Before engaging CBIZ as its new auditor, Natural Health Trends had not consulted with CBIZ regarding the application of accounting principles to any specific transaction or the type of audit opinions that might be rendered on the company’s financial statements. CBIZ did not provide any written or oral advice that was an important factor considered by the company in reaching a decision on any accounting, auditing, or financial reporting issue.
The company has provided Marcum with a copy of the Current Report on Form 8-K prior to its filing with the SEC and has requested that Marcum furnish a letter to the SEC stating whether it agrees with the statements made in the filing. The letter from Marcum, dated March 13, 2025, has been filed as an exhibit to the 8-K report.
This announcement is based on a press release statement and provides investors with the latest developments regarding Natural Health Trends Corp.’s financial auditing arrangements. For a complete financial analysis and detailed metrics, including the company’s valuation and growth prospects, visit InvestingPro, where you’ll find expert insights and comprehensive financial health scores.
In other recent news, Natural Health Trends Corp reported its financial results for the fourth quarter of 2024, showing flat revenue year-over-year at $10.8 million. The company experienced a slight decline in net income, which decreased to $176,000 or $0.02 per diluted share, compared to $358,000 or $0.03 in the same quarter of the previous year. Despite these challenges, the Greater China market showed a positive trend with a 7% increase in sales. The company also expanded its market reach by entering Colombia and launching new products in Hong Kong. Additionally, Natural Health Trends announced a quarterly cash dividend of $0.20 per share. The company continues to focus on strategic expansion and product innovation to drive future growth. In terms of market analysis, the firm remains optimistic about recovering in Greater China, despite ongoing macroeconomic challenges. The company is committed to supporting its members and enhancing its product offerings to ensure continued success.
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