Mannatech Inc
NASDAQ:MTEX

  • LAST PRICE
    8.3333
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    8.1000/ 1
  • Ask / Lots
    13.4400/ 2
  • Open / Previous Close
    0.0000 / 8.3333
  • Day Range
    ---
  • 52 Week Range
    7.5000
    15.1000
  • Volume
    76

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  • Today

  • Mar 28, 2024

      Show headlines and story abstract

    • 7:01AM ET on Thursday Mar 28, 2024 by MT Newswires
      Companies Mentioned: MTEX
      07:01 AM EDT, 03/28/2024 (MT Newswires) -- ...

    • 7:00AM ET on Thursday Mar 28, 2024 by Business Wire
      Companies Mentioned: MTEX

      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 fourth quarter and year ended December 31, 2023.

    • 7:00AM ET on Thursday Mar 28, 2024 by Dow Jones
      Companies Mentioned: MTEX
      Total current assets 27,664 34,953 Property and equipment, net 4,147 3,759 Long-term restricted cash 718 476 Other assets 7,066 8,439 Deferred tax assets, net 1,611 1,501 --------- --------- Total assets $ 41,206 $ 49,128 ========= ========= LIABILITIES AND SHAREHOLDERS' EQUITY Current portion of finance leases $ 269 $ 61 Accounts payable 4,010 4,361 Accrued expenses 6,779 7,510 Commissions and incentives payable 8,175 9,256 Taxes payable 1,521 3,281 Current notes payable 240 263 Deferred revenue 4,786 5,106 --------- --------- Total current liabilities 25,780 29,838 Finance leases, excluding current portion 956 88 Other long-term liabilities 3,986 5,026 --------- --------- Total liabilities 30,722 34,952 Commitments and contingencies (Note 11) Shareholders' equity: Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding -- -- Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,742,857 shares issued and 1,860,154 shares outstanding as of December 31, 2023 and 2,742,857 shares issued and 1,858,800 shares outstanding as of December 31, 2022 -- -- Additional paid-in capital 33,309 33,377 Retained earnings (accumulated deficit) (1,301) 1,686 Accumulated other comprehensive (loss) (1,015) (208) Treasury stock, at average cost, 882,703 shares as of December 31, 2023 and 884,057 shares as of December 31, 2022 (20,509) (20,679) --------- --------- Total shareholders' equity 10,484 14,176 --------- --------- Total liabilities and shareholders' equity $ 41,206 $ 49,128 ========= ========= MANNATECH, INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share information) For the three months ended December 31 For the years ended December 31 ---------------------------------------- ------------------------------------------ 2023 2022 2023 2022 $000 % $000 % $000 % $000 % ------- --------- ------- --------- -------- --------- -------- --------- Net sales $32,694 100.0% $34,335 100.0% $131,955 100.0% $137,208 100.0% Cost of sales 8,048 24.6 10,633 31.0 29,090 22.0 33,060 24.1 ------ ----- ------ ----- ------- ----- ------- ----- Gross profit 24,646 75.4 23,702 69.0 102,865 78.0 104,148 75.9 Operating expenses: Commissions and incentives 13,389 41.0 13,996 40.8 53,588 40.6 55,483 40.4 Selling and administrative expenses 11,748 35.9 12,078 35.2 48,613 36.8 47,443 34.6 Depreciation and amortization 404 1.2 278 0.8 1,628 1.2 1,627 1.2 ------ ----- ------ ----- ------- ----- ------- ----- Total operating expenses 25,541 78.1 26,352 76.8 103,829 78.7 104,553 76.2 ------ ----- ------ ----- ------- ----- ------- ----- Income (loss) from operations (895) (2.7) (2,650) (7.7) (964) (0.7) (405) (0.3) Interest income 7 -- 31 0.1 4 -- 88 0.1 Other expense, net (973) (3.0) (450) (1.3) (170) (0.1) (162) (0.1) ------ ----- ------ ----- ------- ----- ------- ----- Income before income taxes (1,861) (5.7) (3,069) (8.9) (1,130) (0.9) (479) (0.3) Income tax (provision) benefit 105 0.3 (3,440) (10.0) (1,109) (0.8) (4,011) (2.9) ------ ----- ------ ----- ------- ----- ------- ----- Net loss $(1,756) (5.4)% $(6,509) (19.0)% $ (2,239) (1.7)% $ (4,490) (3.3)% ====== ===== ====== ===== ======= ===== ======= ===== (Loss) per common share: ------------------ Basic $ (0.94) $ 3.50 $ (1.20) $ (2.35) ====== ====== ======= ======= Diluted $ (0.94) $ 3.50 $ (1.20) $ (2.35) ======= ======= Weighted-average common shares outstanding: --------------------------------------- Basic 1,860 1,859 1,866 1,913 ====== ====== ======= ======= Diluted 1,860 1,859 1,866 1,913 ====== ====== ======= =======

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