Mannatech Q3 net sales down 8.3% to $32.6M; net income drops to $18K from $1.2M

MANNATECH INC

2023-Q3 EPS reported -$0.26 revenue$99,261,000

Net sales $32.6M, down 8.3% YoY; operating income $0.2M vs $1.4M prior year.
Diluted EPS $0.01 vs $0.61; net income $18K vs $1.2M.
Year-to-date net sales $99.3M (-3.5%); net loss $0.5M ($0.26 loss per share) vs net income $2.0M.
New associate and preferred customer recruitment rose 20.9% to 23,296; total network positions fell to 146K from 152K.
Suspended quarterly dividends to preserve cash; no dividend paid for Q2 or current quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MANNATECH INC reported third quarter of 2023 results: revenue $32.6 million, net income $18, 000 or $0.01 per diluted share, EPS $0.01 per diluted share.

Period: third quarter of 2023
Revenue: $32.6 million
Net income: $18, 000 or $0.01 per diluted share
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

Third quarter net sales for 2023 were $32.6 million, a decrease of $2.9 million, or 8.3%, as compared to $35.5 million in the third quarter of 2022.

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Source: SEC EDGAR

accession 0001056358-23-000065

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