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, Incorporated (NASDAQ: MTEX) has announced the creation of a new wholly-owned subsidiary, Trulu, aimed at capturing growth within the gig economy. This innovation hub will operate independently but will collaborate with Mannatech to enhance market relevance. The move is part of a strategy to optimize health and wellness through nutritional supplementation and to adapt to modern market demands. CEO Al Bala and Chairman J. Stanley Fredrick emphasized that Trulu will not detract from Mannatech's current business operations, which have been established for over 30 years. The initiative is designed to support customer acquisition, retention, and revenue growth while retaining a strong focus on Mannatech’s existing business. This new venture represents a significant evolution in Mannatech’s approach to the health and wellness market.
Mannatech, Incorporated (NASDAQ: MTEX) reported a net sales decline of 13.2% in Q4 2022, totaling $34.3 million compared to $39.5 million in Q4 2021. The operating loss was $2.7 million, contrasting with an operating income of $1.0 million in the prior year. Overall, the company reported a net loss of $7.0 million or $3.78 per diluted share for Q4 2022, down from a profit of $2.6 million or $1.25 per diluted share in Q4 2021. For the full year, net sales decreased by 14.1% and the net loss was $4.5 million, or $2.35 per diluted share. The gross profit margin also decreased to 75.9% due to rising supply chain costs.
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