secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001056358-23-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635823000065/0001056358-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635823000065/mtex-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001056358-23-000065

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