Mannatech Q3 net loss $0.3M; revenue falls 2.5% to $31.7M

MANNATECH INC

2024-Q3 EPS reported $0.12 revenue$88,858,000

Net loss of $0.3M ($0.17/diluted share) vs net income $18K a year ago.
Revenue $31.7M, down 2.5% YoY; Asia/Pacific demand weakness cited.
Gross margin fell to 74.5% from 79.6% due to freight costs and promotions.
Operating income improved to $0.9M from $0.2M on lower SG&A expenses.
Cash and equivalents rose 57.2% to $12.2M; recruiting down 28.1%.

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