Mannatech Reports Financial Results for First Quarter 2024
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Mannatech, Incorporated (MTEX)
US:NASDAQ Investor Relations:
ir.mannatech.com/investor-overview
Company Research
Source: Business Wire
Q1 2024 EPS of $0.63 vs. $0.32 in Q1 2023 FLOWER MOUND, Texas--(BUSINESS WIRE)--Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its first quarter of 2024.First Quarter HighlightsNet sales for the quarter ended March 31, 2024 were $29.4 million, as compared to $34.1 million for the same period in 2023, a decrease of $4.7 million, or 13.8%. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $3.9 million, or 11.3%, and unfavorable foreign exchange caused a $0.8 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally in our Asia/Pacific region reflecting reduced recruiting of sales associates and preferred customers along with continued weak economic conditions.^Gross profit as a percentage of net sales increased to 78.6% for three months ended March 31, 2024, as compared to 7
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News
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
MTEX
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 8-K
- MTEX's page on the SEC website