secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001056358-24-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635824000064/0001056358-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635824000064/mtex-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001056358-24-000064

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