secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0001056358-22-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mannatech Q2 net sales $35M (-17.7% YoY); EPS $0.34 vs $0.99
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- Net sales of $35.0M, down $7.5M (17.7%) from $42.5M in Q2 2021; FX drag of $2.7M.
- Operating income fell to $0.9M from $2.0M; net income of $0.7M ($0.34 diluted) vs $2.1M ($0.99).
- Independent associate/preferred customer positions dropped to ~152,000 from ~176,000; new recruitment down 7.9% to 19,823.
- Supply chain constraints and ingredient shortage impacting core products; exploring alternative supplier.
- Selling & administrative expenses decreased $0.7M to $6.9M; operating costs down $0.6M to $4.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635822000061/0001056358-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635822000061/mtex-20220812.htm
  HTML page:      https://secwatch.observer/filing/0001056358-22-000061

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