Mannatech Reports Second Quarter 2019 Financial Results
Mannatech, Incorporated (MTEX)
US:NASDAQ Investor Relations:
ir.mannatech.com/investor-overview
Company Research
Source: Business Wire
FLOWER MOUND, Texas--(BUSINESS WIRE)--Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its second quarter of 2019.Second Quarter ResultsSecond quarter net sales for 2019 were $40.7 million, a decrease of $4.4 million, or 9.8%, as compared to $45.1 million in the second quarter of 2018. For the three months ended June 30, 2019, our net sales declined 5.5% on a constant dollar basis (see Non-GAAP Financial Measures, below), as compared to the same period in 2018.Net income was $2.0 million, or $0.81 per diluted share, for the second quarter 2019, as compared to a net loss of $0.4 million, or $0.14 per diluted share, for the second quarter 2018, which included approximately $0.2 million in non-recurring costs related to the corporate office move in our loss from operations.Gross profit as a percentage of sales decreased to 80.1% for the three months ended June 30,
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MTEX
Sec Filings
- 4/23/24 - Form DEF
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form ARS
- MTEX's page on the SEC website