Welcome to our dedicated page for Mannatech news (Ticker: MTEX), a resource for investors and traders seeking the latest updates and insights on Mannatech stock.
Mannatech Incorporated (MTEX) provides science-backed wellness solutions through nutritional supplements and skincare products across global markets. This page serves as the definitive source for official company announcements and market-relevant developments.
Investors and industry observers will find curated press releases covering financial results, product innovations, regulatory updates, and leadership changes. All content is maintained to reflect MTEX's position in the competitive wellness sector and its direct-to-consumer business model.
Key updates include earnings reports, research advancements in natural health formulations, and strategic partnerships. Regular monitoring of this resource enables stakeholders to track operational milestones and market expansion efforts across the Americas, EMEA, and Asia/Pacific regions.
Bookmark this page for streamlined access to MTEX's evolving corporate narrative. Combine these primary sources with broader market data for informed analysis of this wellness industry innovator.
Mannatech (NASDAQ: MTEX) reported its Q4 2024 financial results, showing mixed performance. Fourth quarter net sales decreased 11.3% to $29.0 million compared to $32.7 million in Q4 2023, with a 9.2% decline on a constant dollar basis.
Despite lower sales, the company improved its gross profit margin to 80.5% (vs 75.4% in Q4 2023) and reduced selling and administrative expenses by $1.7 million. Q4 2024 operating income was $0.9 million, compared to a $0.9 million loss in Q4 2023. Net income reached $2.3 million ($1.20 per diluted share), versus a net loss of $1.8 million in Q4 2023.
For full-year 2024, net sales declined 10.7% to $117.9 million. The company's network decreased to 133,000 associates and preferred customers (from 145,000 in 2023), with recruiting down 19.5%. Despite challenges, Mannatech achieved a net income of $2.5 million ($1.32 per diluted share) in 2024, compared to a $2.2 million loss in 2023, while cash position improved to $11.4 million.
Mannatech (NASDAQ: MTEX) has appointed Robert A. Toth as Vice Chairman of the Board effective December 1, 2024. Toth, who previously served on the company's board from 2008 to 2023, brings over 40 years of direct selling experience, including his role as President of Avon International where he managed operations in over 120 countries with annual revenues exceeding $5.5 billion. During his previous tenure at Mannatech, he served on multiple committees and as Vice Chairman from 2014 to 2019. The appointment aims to leverage his extensive international experience for global expansion strategies.
Mannatech (NASDAQ: MTEX) reported Q3 2024 financial results with net sales of $31.7 million, down 2.5% from $32.6 million in Q3 2023. Gross profit margin decreased to 74.5% from 79.6%. The company reported an operating income of $0.9 million, up from $0.2 million last year, despite revenue decline mainly due to reduced demand in Asia. Net loss was $0.3 million ($0.17 per share) compared to net income of $18,000 ($0.01 per share) in Q3 2023. Cash position improved to $12.2 million, up 57.2% from December 2023. The company's network decreased to 136,000 associates and preferred customers from 146,000 in 2023.
Mannatech (NASDAQ: MTEX) reported financial results for Q2 2024, showing a 14.9% decrease in net sales to $27.7 million compared to $32.6 million in Q2 2023. The decline was attributed to supply chain constraints, back orders, and weakening economic conditions in Asia. Gross profit margin decreased to 77.1% from 78.5% year-over-year. The company reported a net loss of $0.6 million, or $0.33 per diluted share, compared to a net loss of $1.1 million, or $0.59 per diluted share in Q2 2023. Despite challenges, Mannatech's cash position improved, with cash and cash equivalents increasing by 18.9% to $9.2 million as of June 30, 2024.
Mannatech (NASDAQ: MTEX) announced its Q1 2024 financial results, reporting an EPS of $0.63 compared to $0.32 in Q1 2023. Net sales decreased by 13.8% to $29.4 million, primarily due to weak economic conditions in the Asia/Pacific region and reduced recruitment of sales associates and preferred customers. Gross profit margin increased to 78.6%, with operating income rising slightly to $0.8 million. Net income was $1.2 million, up from $0.6 million in Q1 2023. The company saw a 2.3% increase in cash and cash equivalents, reaching $7.9 million. Despite economic challenges, Mannatech aims to boost revenues by expanding its sales network while maintaining cost controls.
