---
schema_version: "secwatch.filing_event.v1"
accession: "0001056358-24-000023"
form_type: "8-K"
ticker: "MTEX"
cik: "0001056358"
company_name: "MANNATECH INC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:43:06.130065+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mannatech Q4 net sales $32.7M (-4.7% YoY); net loss per share $0.94, improved from $3.50 loss

## Summary
- Q4 net sales $32.7M, down 4.7% from $34.3M in Q4 2022.
- Gross margin improved to 75.4% from 69.0% on reduced supply chain shipping costs.
- Q4 operating loss $0.9M, improved from $2.7M; net loss $1.8M ($0.94/diluted share) vs $6.5M ($3.50).
- Full year net sales $132.0M, down 3.8% from $137.2M, with $2.3M unfavorable FX impact.
- Foreign exchange loss ~$1.0M in Q4; management cites weak demand and cost reductions.

## SEC filing metadata
- accession: 0001056358-24-000023
- form_type: 8-K
- ticker: MTEX
- cik: 0001056358
- company_name: MANNATECH INC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000023/0001056358-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000023/mtex-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056358-24-000023
- JSON: https://secwatch.observer/filing/0001056358-24-000023.json
- Plain text: https://secwatch.observer/filing/0001056358-24-000023.txt

## Key facts
- Earnings Releases
  MANNATECH INC reported the year ended December 31, 2023 results: revenue $132.0 million.
  - Period: the year ended December 31, 2023
  - Revenue: $132.0 million
  - Result: reported results
  source text: Total Year 2023 Highlights • Net sales for the year ended December 31, 2023 was $132.0 million, as compared to $137.2 million for the year ended December 31, 2022. Net sales decreased $5.2 million, or 3.8%, for 2023, as compared to 2022. Our 2023 net sales were unfavorably affected by $2.3 million due to the effect of foreign exchange rates. Excluding this impact, Net Sales on a Constant dollar basis (see
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000023/0001056358-24-000023-index.htm
- Earnings Releases
  MANNATECH INC reported the fourth quarter ended December 31, 2023 results: revenue $32.7 million, net income $1.8 million, EPS $0.94 per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $32.7 million
  - Net income: $1.8 million
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: Fourth quarter 2023 net sales were $32.7 million, a decrease of $1.6 million, or 4.7%, as compared to $34.3 million in the fourth quarter of 2022. • Gross profit as a percentage of net sales improved to 75.4% as compared to 69.0% for the same period in 2022. Reduced supply chain shipping costs more than offset price increases in certain raw materials. • Operating loss in the fourth quarter was $0.9 million, improved from an operating loss of $2.7 million in the fourth quarter of 2022. • Net loss was $1.8 million, or $0.94 per diluted share, for the fourth quarter 2023, as compared to net loss of $6.5 million, or $3.50 per diluted share, for the fourth quarter 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000023/0001056358-24-000023-index.htm

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