Mannatech Reports Financial Results for Third Quarter 2024 [Yahoo! Finance]
Mannatech, Incorporated (MTEX)
US:NASDAQ Investor Relations:
ir.mannatech.com/investor-overview
Company Research
Source: Yahoo! Finance
company committed to transforming lives to make a better world, today announced financial results for its third quarter of 2024. Third Quarter Highlights Net sales for the quarter ended September 30, 2024 were $31.7 million, as compared to $32.6 million for the same period in 2023, a decrease of $0.9 million, or 2.5%. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $0.4 million, or 1.2%, and unfavorable foreign exchange caused a $0.5 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally due to slowing demand in Asia due to weakened economic conditions, relative to the prior year. Gross profit as a percentage of net sales decreased to 74.5% for the three months ended September 30, 2024, as compared to 79.6% for the same period in 2023, some of the increase in costs were related to increased freight costs related to back ordered items and running sales promotions on products thereby redu
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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 Announces Appointment of Robert A. Toth as Vice Chairman of the Board of Directors [Yahoo! Finance]Yahoo! Finance
- Mannatech Announces Appointment of Robert A. Toth as Vice Chairman of the Board of DirectorsBusiness Wire
MTEX
Sec Filings
- 11/26/24 - Form 8-K
- 11/22/24 - Form 4
- 11/12/24 - Form 8-K
- MTEX's page on the SEC website