MANNATECH INC
For the period ended Mar 31, 2024. Filed May 14, 2024.
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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$8.56-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| ASSETS | March 31, 2024 (unaudited) | December 31, 2023 |
|---|---|---|
| Cash and cash equivalents | $7,911 | $7,731 |
| Restricted cash | 938 | 938 |
| Accounts receivable, net of allowance of $1,200 and $1,278 | 320 | 91 |
| Income tax receivable | 450 | 465 |
| Inventories, net | 13,679 | 14,535 |
| Prepaid expenses and other current assets | 3,146 | 1,774 |
| Deferred commissions | 1,836 | 2,130 |
| Total current assets | 28,280 | 27,664 |
| Property and equipment, net | 3,769 | 4,147 |
| Long-term restricted cash | 693 | 718 |
| Other assets | 6,711 | 7,066 |
| Deferred tax assets, net | 1,605 | 1,611 |
| Total assets | $41,058 | $41,206 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current portion of finance leases | $265 | $269 |
| Accounts payable | 4,882 | 4,010 |
| Accrued expenses | 5,899 | 6,779 |
| Commissions and incentives payable | 8,419 | 8,175 |
| Taxes payable | 1,922 | 1,521 |
| Current notes payable | 525 | 240 |
| Deferred revenue | 4,235 | 4,786 |
| Total current liabilities | 26,147 | 25,780 |
| Finance leases, excluding current portion | 888 | 956 |
| Other long-term liabilities | 3,578 | 3,986 |
| Total liabilities | 30,613 | 30,722 |
| Commitments and contingencies | — | — |
| 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 1,884,814 shares outstanding as of March 31, 2024 and 2,742,857 shares issued and 1,860,154 shares outstanding as of December 31, 2023 | — | — |
| Additional paid-in capital | 32,948 | 33,309 |
| Accumulated deficit | (121) | (1,301) |
| Accumulated other comprehensive loss | (2,446) | (1,015) |
| Treasury stock, at average cost, 858,043 shares as of March 31, 2024 and 882,703 shares as of December 31, 2023 | (19,936) | (20,509) |
| Total shareholders’ equity | 10,445 | 10,484 |
| Total liabilities and shareholders’ equity | $41,058 | $41,206 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.