Mannatech Stock Price, News & Analysis

Mannatech, a leader in health and wellness, has announced its expansion into the Thailand market, marking its entry into the ASEAN region. This development boosts Mannatech's global presence to 26 markets. Thailand's market potential is significant, featuring a population of 70 million and a combined direct sales and dietary supplement market valued at approximately USD 7 billion in 2020. The company aims to leverage this growth opportunity as a foundation for expanding further into Southeast Asia.

Mannatech, Incorporated (NASDAQ: MTEX) has declared a cash dividend of $0.20 per share, payable on December 28, 2022, to shareholders on record as of December 14, 2022. This decision reflects the company's commitment to rewarding shareholders and promoting long-term investment. President and CEO Alfredo Bala emphasized Mannatech's dedication to delivering value to its shareholders, reinforcing confidence in the company's strategy.

Mannatech, Incorporated (NASDAQ: MTEX) reported a 10.0% decrease in third-quarter net sales for 2022, totaling $35.5 million, down from $39.4 million in 2021. Net income fell to $1.2 million ($0.61 per diluted share), compared to $2.9 million ($1.44 per diluted share) last year. Year-to-date sales also declined 14.5% to $102.9 million. Recruitment of new independent associates dropped 23.0%, indicating challenges in network growth.

Mannatech, Incorporated (NASDAQ: MTEX) has launched Blue Water, a functional drink designed for hydration and immune support. Sourced from a sustainable deep-water volcanic aquifer and featuring 100% pure Aloe vera pulp, this drink aims to enhance hydration and promote skin health. It is vegan, gluten-free, and non-GMO, with zero carbon production. Mannatech emphasizes the product's unique sourcing method and health benefits, aligning with the wellness-focused lifestyle of its consumers.

Mannatech has launched a new product, Superfood Greens and Reds, to fill nutritional gaps for consumers. This dietary supplement combines 20 phytonutrients from green and red superfoods, offering benefits such as increased energy, endurance, and support for healthy cortisol levels. Introduced at the MannaFest Unite 2022 event on September 24, 2022, the product aims to assist the 6% of Americans who consume the recommended servings of fruits and vegetables. With a plant-based formula and a natural strawberry-kiwi flavor, it aims to enhance overall wellness.

Mannatech (NASDAQ: MTEX) has authorized a share repurchase program of up to $1.5 million of its outstanding common stock. The repurchase will occur in the open market or through block trades, with executions at management's discretion based on market conditions. This program starts on September 19, 2022, and concludes either on September 18, 2023 or upon reaching the purchase limit. Mannatech plans to finance these repurchases using available cash, aiming to enhance shareholder value.

Mannatech, Incorporated (NASDAQ: MTEX) announced a cash dividend of $0.20 per share, payable on September 28, 2022, to shareholders of record by September 14, 2022. This dividend reflects the company's commitment to rewarding its investors and promoting long-term investments. President and CEO Alfredo Bala emphasized that Mannatech is dedicated to delivering shareholder value. Operating for over 25 years in 25 markets, Mannatech focuses on health and wellness products delivered through a global network.

Mannatech, Incorporated (NASDAQ: MTEX) reported second-quarter 2022 net sales of $35.0 million, down 17.7% from $42.5 million in Q2 2021, impacted by foreign exchange losses. Operating income fell to $0.9 million compared to $2.0 million the previous year. Net income decreased to $0.7 million, or $0.34 per diluted share, significantly lower than $2.1 million, or $0.99 per diluted share, in Q2 2021. Year-to-date sales also dropped 16.7% year-on-year, illustrating continuing operational challenges and supply chain constraints.

Mannatech, a global health and wellness company, announced the successful passage of all shareholder proposals during its annual meeting on June 14, 2022. Notable outcomes included the election of J. Stanley Fredrick and Tyler Rameson as Class II Directors, with 66.5% of shares represented. Additionally, shareholders ratified BDO USA, LLP as independent auditors for the fiscal year ending December 31, 2022, and approved the compensation for Mannatech's named executive officers. The company emphasizes its commitment to transforming lives through high-quality nutritional products.