MANNATECH INC
For the period ended Jun 30, 2024. Filed Aug 13, 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.
Jun 30, 2024 · Filed Aug 13, 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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $27,740 | $32,594 | $57,133 | $66,708 |
| Cost of sales | 6,363 | 7,004 | 12,658 | 14,417 |
| Gross profit | 21,377 | 25,590 | 44,475 | 52,291 |
| Operating expenses: | ||||
| Commissions and incentives | 11,660 | 13,465 | 23,345 | 27,022 |
| Selling and administrative expenses | 10,860 | 13,079 | 21,452 | 25,510 |
| Total operating expenses | 22,520 | 26,544 | 44,797 | 52,532 |
| Loss from operations | (1,143) | (954) | (322) | (241) |
| Interest (expense) income, net | (105) | (10) | (87) | 14 |
| Other income, net | 1,120 | 150 | 1,990 | 483 |
| (Loss) income before income taxes | (128) | (814) | 1,581 | 256 |
| Income tax expense | (496) | (291) | (1,025) | (757) |
| Net (loss) income | $(624) | $(1,105) | $556 | $(501) |
| (Loss) income per common share: | ||||
| Basic | $(0.33) | $(0.59) | $0.30 | $(0.27) |
| Diluted | $(0.33) | $(0.59) | $0.30 | $(0.27) |
| Weighted-average common shares outstanding: | ||||
| Basic | 1,885 | 1,870 | 1,885 | 1,871 |
| Diluted | 1,885 | 1,870 | 1,885 | 1,871 |
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