secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001056358-23-000057
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 down 6.8% to $32.6M; swings to $1.1M loss
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- Net sales of $32.6M, down $2.4M (6.8%) YoY; constant-dollar decline 4.0%.
- Operating loss of $1.0M vs operating income of $0.9M in Q2 2022.
- Net loss of $1.1M ($0.59 diluted loss per share) vs net income of $0.7M ($0.34 EPS).
- Independent associate and preferred customer positions fell to ~142,000 from ~152,000; new recruits decreased 2.6%.
- No quarterly dividend to preserve ~$0.4M cash; consulting fees for new venture Trulu $0.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635823000057/0001056358-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635823000057/mtex-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001056358-23-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer