secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001056358-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635824000023/0001056358-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635824000023/mtex-20240328.htm
  HTML page:      https://secwatch.observer/filing/0001056358-24-000023

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