secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001056358-22-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mannatech Q1 2022 net sales down 15.5% to $32.4M; EPS $0.06 vs $1.04 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635822000048/0001056358-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635822000048/mtex-20220513.htm
  HTML page:      https://secwatch.observer/filing/0001056358-22-000048

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