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MANNATECH INC

For the period ended Mar 31, 2024. Filed May 14, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 14, 2024

MTEX$8.11+0.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2024

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________.

Commission File No.000-24657

MANNATECH, INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

Texas75-2508900
(State or other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)
1410 Lakeside Parkway, Suite 200,
Flower Mound,Texas75028
(Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number, including Area Code:(972) 471-7400

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock,par value $0.0001 per shareMTEXThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “accelerated filer”, “large accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer¨Accelerated filer¨Non-accelerated filerxSmaller reporting companyxEmerging Growth Company¨

If an emerging growth company, indicated by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yeso Nox

As of April 30, 2024, the number of shares outstanding of the registrant’s sole class of common stock, par value $0.0001 per share, was 1,884,814.

MANNATECH, INCORPORATED

TABLE OF CONTENTS

Special Note Regarding Forward-Looking Statements1
Part I – FINANCIAL INFORMATION
Item 1. Financial Statements2
Condensed Consolidated Balance Sheets (unaudited)2
Condensed Consolidated Statements of Operations (unaudited)3
Condensed Consolidated Statements of Comprehensive Loss (unaudited)3
Condensed Consolidated Statements of Shareholders’ Equity (unaudited)4
Condensed Consolidated Statements of Cash Flows (unaudited)5
Notes to Condensed Consolidated Financial Statements (unaudited)7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations21
Company Overview21
Results of Operations22
Liquidity and Capital Resources26
Significant Accounting Policies and Critical Estimates28
Item 3. Quantitative and Qualitative Disclosures About Market Risk30
Item 4. Controls and Procedures30
Part II – OTHER INFORMATION
Item 1. Legal Proceedings32
Item 1A. Risk Factors32
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds33
Item 3. Defaults Upon Senior Securities33
Item 4. Mine Safety Disclosures33
Item 5. Other Information33
Item 6. Exhibits33
Signatures35
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.