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Mannatech Incorporated  (MTEX)
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Price: $8.8700 $-0.20 -2.205%
Day's High: $9.33 Week Perf: -0.11 %
Day's Low: $ 8.87 30 Day Perf: -1.44 %
Volume (M): 1 52 Wk High: $ 21.23
Volume (M$): $ 4 52 Wk Avg: $11.77
Open: $9.33 52 Wk Low: $7.50



 Market Capitalization (Millions $) 17
 Shares Outstanding (Millions) 2
 Employees 290
 Revenues (TTM) (Millions $) 133
 Net Income (TTM) (Millions $) -7
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 1

Mannatech Incorporated

Mannatech is a global wellness solution provider, which was incorporated and began operations in November 1993. We develop and sell innovative, high quality, proprietary nutritional supplements, topical and skin care and anti-aging products, and weight-management products that target optimal health and wellness. We currently sell our products in three regions: (i) the Americas (the United States, Canada, Colombia and Mexico); (ii) Europe/the Middle East/Africa (“EMEA”) (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden and the United Kingdom); and (iii) Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan, Hong Kong, and China). We primarily sell our products and packs through a network of independent associates and members who occupy positions in our network. In addition, the Company also has a non-direct selling business in mainland China. Unlike Mannatechs business operations in other markets, Mannatech operates under a cross-border e-commerce model, where consumers in China can buy Mannatech products manufactured overseas directly from the Company’s subsidiary via the internet.

We primarily sell our products through network marketing, which we believe is the most cost-effective way to quickly and effectively introduce our products and communicate information about our business to the global marketplace. Network marketing minimizes upfront costs, as compared to conventional marketing methods, and allows us to be more responsive to the ever-changing overall market conditions, as well as continue to research and develop high quality products and focus on controlled successful international expansion. We believe the network marketing channel also allows us to effectively communicate the potential benefits and unique properties of our proprietary products to our consumers. In addition, network marketing provides our business-building independent associates with an avenue to supplement their income and develop financial freedom by building their own business centered on our business philosophies and unique products. In 2016, we formed our China subsidiary, Meitai Daily Necessities & Health Products Co., Ltd. (“Meitai”). Unlike Mannatech’s business operations in other markets, Meitai operates under a cross-border e-commerce model, where consumers in China can buy Mannatech products manufactured overseas via Meitais website. Meitai is currently not a direct selling company in China nor will it operate under a multi-level marketing model in China. Products purchased on Meitais website are for personal use and not for resale.

The Companys primary operating and sole reporting segment is one where we sell proprietary nutritional supplements, skin care and anti-aging products, and weight-management and fitness products through network marketing distribution channels operating in twenty-five countries. Mannatech’s subsidiary in China, Meitai, operates under a cross-border e-commerce model, where consumers in China can buy Mannatech products directly from Meitai via the internet.

 

 



   Company Address: 1410 Lakeside Parkway, Suite 200, Flower Mound, 75028 TX
   Company Phone Number: 471-7400   Stock Exchange / Ticker: NASDAQ MTEX
   MTEX is expected to report next financial results on March 16, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
NAII        0.33% 
GIS   -1.19%    
KHC        0.95% 
MDLZ        0.14% 
PEP   -0.23%    
PG        1.08% 
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Mannatech Incorporated

Mannatech Incorporated Reports Steep -10.095% Decline in Revenue during Fiscal Third Quarter of 2023

In a recent financial report, Mannatech Incorporated (NASDAQ: MTEX), a global health and wellness company, announced its financial results for the third quarter of 2023. The report highlighted a significant decline in income and revenue compared to the previous year. This article will examine the key details of the report and analyze the implications for Mannatech Incorporated.
One of the major highlights of the financial report was a sharp decrease in income. The income fell by a staggering -98.36% of $0.01 per share compared to $0.61 in the previous year. This represents a significant decline and is a cause for concern for the company. However, it is important to note that the company's EPS turned positive from $-0.59 per share in the previous reporting season, which indicates some improvement.

Mannatech Incorporated

Unexpected Turn: Mannatech Incorporated's Financial Success Stumbles, Sending Shockwaves through MTEX in Q2 2023



Mannatech Incorporated, a well-known company specializing in health and wellness products, is currently grappling with serious financial struggles. The financial second quarter of 2023 proved to be a disastrous period for the company, as it faced a significant decline in EPS, revenue, and net deficit. Furthermore, its mounting inventory levels and accounts receivable send a strong signal of underlying issues. With the company's shares experiencing a downward trend in recent days, it seems that Mannatech Incorporated is poised for a challenging and bearish future.
Declining Earnings and Revenues:
During the financial second quarter of 2023, Mannatech Incorporated experienced a significant loss of $-0.59 per share, a dramatic decline from the $0.34 per share profit recorded in the previous year. This shows a concerning trend of deteriorating financial performance. Similarly, the company's EPS fell from $0.32 per share in the prior reporting period.
Adding to the dire situation, Mannatech Incorporated witnessed a sharp decline in revenue. The figures dropped by -6.822% to $32.59 million in comparison to $34.98 million in the corresponding reporting period of the previous year. Furthermore, sequentially, revenue decreased by -4.467% from $34.11 million. This notable downward trend indicates that the company is facing challenges in generating sufficient sales and retaining market share.

Mannatech Incorporated

Legal Cannabis Company Shatters Expectations with Staggering 433.33% Surge in Earnings per Share

Mannatech Incorporated, a leading provider of wellness and nutritional products, has recently reported a cumulative net loss of $-4 million during the 12 months ending in the third quarter of 2023. This news came alongside the company's announcement that it achieved the highest income per employee among companies in the legal cannabis industry. However, Mannatech Incorporated's overall ranking has deteriorated since the fourth quarter of 2022, falling from 1706 to 1761.
In more positive news, Mannatech Incorporated's net profit per share soared by 433.33% to $0.32 per share, compared to $0.06 per share a year ago. The net profit per share also turned positive from $-3.51 per share in the preceding quarter. Furthermore, the company's revenue grew by 5.342% to $34.11 million from $32.38 million in the same quarter a year ago. However, there was a -0.644% sequential decrease from $34.34 million.






 

Mannatech Incorporated's Segments
 
 
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