---
schema_version: "secwatch.filing_event.v1"
accession: "0001056358-23-000020"
form_type: "8-K"
ticker: "MTEX"
cik: "0001056358"
company_name: "MANNATECH INC"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:26:16.610676+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mannatech Q4 net loss $7.0M vs prior-year profit; sales fell 13.2%

## Summary
- Net sales $34.3M, down 13.2% YoY; constant-currency decline 5.1%; FX hurt by $3.2M.
- Q4 net loss $7.0M ($3.78 diluted EPS) vs net income $2.6M ($1.25) a year ago.
- Operating loss of $2.7M vs operating income $1.0M; gross margin fell to 69.0% from 77.5%.
- Tax provision $3.4M due to Korea tax audit settlement and valuation allowance on U.S. deferred tax assets.
- Associate and preferred customer positions declined to ~145,000 from ~163,000; recruiting down 3.6%.

## SEC filing metadata
- accession: 0001056358-23-000020
- form_type: 8-K
- ticker: MTEX
- cik: 0001056358
- company_name: MANNATECH INC
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056358/000105635823000020/0001056358-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056358/000105635823000020/mtex-20230317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056358-23-000020
- JSON: https://secwatch.observer/filing/0001056358-23-000020.json
- Plain text: https://secwatch.observer/filing/0001056358-23-000020.txt

## Key facts
- Earnings Releases
  MANNATECH INC reported the year ended December 31, 2022 results: net income $4.5 million, EPS $2.35 per diluted share.
  - Period: the year ended December 31, 2022
  - Net income: $4.5 million
  - EPS: $2.35 per diluted share
  - Result: reported results
  source text: Overall net sales decreased $22.6 million, or 14.1%, for 2022, as compared to 2021. During 2022, fluctuations in foreign currency exchange rates had an overall unfavorable impact on its net sales. During 2022, the company's net sales declined 7.6% on a Constant dollar basis (a Non-GAAP financial measure); unfavorable foreign exchange during 2022 caused a decrease of $10.5 million in net sales as compared to 2021. For the year ended December 31, 2022, the company's tax provision was $4.0 million due to the Korea tax audit settlement and the company recording valuation allowance on U.S. deferred tax assets. During 2021, taxes were a benefit of $1.0 million due to the effect of changes valuation allowances recorded in certain jurisdiction, plus taking the IRC Section 250 deduction and applying tax credits. Operating loss was $0.4 million in 2022 as compared to operating income of $9.0 million in 2021. Net loss for 2022 was $4.5 million, or $2.35 per diluted share, as compared to net incom
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056358/000105635823000020/0001056358-23-000020-index.htm
- Earnings Releases
  MANNATECH INC reported the fourth quarter ended December 31, 2022 results: revenue $34.3 million, net income $7.0 million, EPS $3.78 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $34.3 million
  - Net income: $7.0 million
  - EPS: $3.78 per diluted share
  - Result: reported results
  source text: Fourth quarter net sales for 2022 were $34.3 million, a decrease of $5.2 million, or 13.2%, as compared to $39.5 million in the fourth quarter of 2021. During the fourth quarter, the company's net sales declined 5.1% on a Constant dollar basis (a Non-GAAP financial measure); unfavorable foreign exchange during the fourth quarter caused a decrease of $3.2 million in net sales as compared to the fourth quarter of 2021. The fourth quarter of 2022, tax provision was $3.4 million due to additional taxes assessed due to the settlement of the income tax audit in Korea and the company recording valuation allowance on U.S. deferred tax assets largely driven by changes in expected earnings mix between jurisdictions and the relative impact of these items on decreased earnings. Fourth quarter operating loss for 2022 was $2.7 million as compared to operating income of $1.0 million for the fourth quarter of 2021. Fourth quarter net loss was $7.0 million, or $3.78 per diluted share, for the fourth qu
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056358/000105635823000020/0001056358-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.