secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0001056358-22-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mannatech Q4 net income $2.6M ($1.25 diluted); gross margin improves; recruiting declines 8.2%
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- Net sales flat at $39.5M (+0.8% YoY); operating income $1.0M vs -$11K loss a year ago.
- Net income $2.6M ($1.25 diluted) vs $0.7M ($0.34) in Q4 2020; includes $1.7M tax benefit and $0.6M Korea Customs charge.
- Gross margin improved to 77.5% from 73.3% YoY; commissions and incentives as % sales declined.
- New independent associates and preferred customers fell 8.2% to 18,052; total network positions ~163,000.
- Cash $24.2M; paid $4.3M in dividends and repurchased $5.1M in stock during 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635822000022/0001056358-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635822000022/mtex-20220315.htm
  HTML page:      https://secwatch.observer/filing/0001056358-22-000022

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