earnings
confidence high
sentiment negative
materiality 0.70
Mannatech Q1 2022 net sales down 15.5% to $32.4M; EPS $0.06 vs $1.04 YoY
MANNATECH INC
2022-Q3 EPS reported
$0.06
revenue$32,384,000
- Net sales $32.4M, down 15.5% from $38.3M; foreign exchange reduced sales by $1.5M.
- Net income $0.1M ($0.06 diluted EPS) vs $2.2M ($1.04 diluted EPS) in Q1 2021.
- Operating income near zero vs $2.8M a year ago; supply chain constraints and $0.9M deferred revenue in Hong Kong.
- Independent associate/preferred customer positions fell to ~157,000 from ~187,000; new recruits down 5.1%.
- Product fulfilled orders declined 6% to 189,700.