Mannatech Reports Financial Results for Fourth Quarter and Full Year 2023 [Yahoo! Finance]
Mannatech, Incorporated (MTEX)
US:NASDAQ Investor Relations:
ir.mannatech.com/investor-overview
Company Research
Source: Yahoo! Finance
transforming lives to make a better world, today announced financial results for its fourth quarter and year ended December 31, 2023. Fourth Quarter Highlights Fourth quarter 2023 net sales were $32.7 million, a decrease of $1.6 million, or 4.7%, as compared to $34.3 million in the fourth quarter of 2022. Gross profit as a percentage of net sales improved to 75.4% as compared to 69.0% for the same period in 2022. Reduced supply chain shipping costs more than offset price increases in certain raw materials. Operating loss in the fourth quarter was $0.9 million, improved from an operating loss of $2.7 million in the fourth quarter of 2022. Net loss was $1.8 million, or $0.94 per diluted share, for the fourth quarter 2023, as compared to net loss of $6.5 million, or $3.50 per diluted share, for the fourth quarter 2022. J. Stanley Fredrick, Chairman of the Board of Mannatech, stated, "Demand remained weak in the fourth quarter as reflected in our sales decline from last year's
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News
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Charting New Paths: Mannatech Expanding with Thailand Office, Grand Opening, September 2024 [Yahoo! Finance]Yahoo! Finance
- Charting New Paths: Mannatech Expanding with Thailand Office, Grand Opening, September 2024Business Wire
- Mannatech, Incorporated (NASDAQ: MTEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
MTEX
Sec Filings
- 4/29/24 - Form 8-K
- 4/23/24 - Form DEF
- 4/23/24 - Form DEFA14A
- MTEX's page on the SEC website