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Mannatech Inc - MTEX STOCK NEWS

Welcome to our dedicated news page for Mannatech (Ticker: MTEX), a resource for investors and traders seeking the latest updates and insights on Mannatech.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mannatech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mannatech's position in the market.

Rhea-AI Summary
Mannatech, Inc. (MTEX) reported Q4 2023 net sales of $32.7 million, a 4.7% decrease from Q4 2022. Operating loss improved to $0.9 million. Full-year 2023 net sales were $132.0 million, down 3.8% from 2022. Operating loss for 2023 was $1.0 million. The company launched a new affiliate program 'Trulu™' in June 2023. Net loss for 2023 was $2.2 million, with cash and cash equivalents decreasing to $7.7 million. Shareholder value was returned through dividends and stock repurchases.
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Mannatech, Incorporated (NASDAQ: MTEX) announced the retirement of CEO Al Bala and the appointment of Landen Fredrick as the new President and CEO. Al Bala will continue as an advisor focusing on customer acquisition and sales growth. Landen Fredrick, with extensive experience in sales and business development, is set to lead Mannatech into its next phase of growth.
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Mannatech, Incorporated (NASDAQ: MTEX) announced its Q3 2023 financial results, with net sales of $32.6 million, an 8.3% decrease from Q3 2022. Operating income was $0.2 million, compared to $1.4 million in 2022. Net income for Q3 2023 was $18,000, down from $1.2 million in Q3 2022. The company also reported a decrease in new and continuing independent associate and preferred customer positions, but an increase in recruitment of new independent associates and preferred customers.
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Mannatech Inc

Nasdaq:MTEX

MTEX Rankings

MTEX Stock Data

15.29M
992.65k
45.88%
21.21%
0.08%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
Flower Mound

About MTEX

since mannatech’s establishment in 1994, the company has pioneered a commitment to developing genuine solutions to promote health, wellness and financial freedom. we are a firmly established international company operating in the united states, canada, mexico, colombia, south africa, australia, new zealand, austria, denmark, germany, norway, sweden, finland, estonia, netherlands, czech republic, united kingdom, ireland, spain, japan, taiwan, singapore, hong kong and the republic of korea. all of our products are developed on the solid foundation of science and based on the premise that quality, natural health products can most effectively support the human body’s natural inclination to stay healthy. we invite you to share in the hope and heart that is mannatech while experiencing life-changing results through real food technology solutions—the brains and brawn of science and nature combined into powerful, nutritional supplements. you won’t find our products in supermarkets or on drug s