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 Statements of Operations (unaudited)
(in thousands, except per share information)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $29,393 | $34,114 |
| Cost of sales | 6,296 | 7,413 |
| Gross profit | 23,097 | 26,701 |
| Operating expenses: | ||
| Commissions and incentives | 11,685 | 13,558 |
| Selling and administrative expenses | 10,176 | 12,043 |
| Depreciation and amortization expense | 416 | 387 |
| Total operating expenses | 22,277 | 25,988 |
| Income from operations | 820 | 713 |
| Interest income, net | 18 | 24 |
| Other income, net | 871 | 333 |
| Income before income taxes | 1,709 | 1,070 |
| Income tax provision | (529) | (466) |
| Net income | $1,180 | $604 |
| Income per common share: | ||
| Basic | $0.63 | $0.32 |
| Diluted | $0.63 | $0.32 |
| Weighted-average common shares outstanding: | ||
| Basic | 1,884 | 1,872 |
| Diluted | 1,884 | 1,891 |
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