Mannatech Q2 2024 net sales drop 14.9% to $27.7M; net loss narrows to $0.6M

MANNATECH INC

2024-Q2 EPS reported $0.30 revenue$57,133,000

Net sales $27.7M, down 14.9% YoY from $32.6M, due to supply chain constraints and Asia economic weakness.
Net loss $0.6M ($0.33/diluted share) improved from $1.1M loss ($0.59/share) in Q2 2023.
Foreign exchange gain of $1.1M (includes $0.2M from Sweden entity liquidation) partially offset operating loss.
Cash and equivalents $9.2M, up 18.9% from $7.7M at Dec 31, 2023.
Independent associate/preferred customer positions ~142,000 flat; recruiting down 13.6% YoY.

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