MANNATECH INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
MTEX$8.56-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $228 | $(483) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 1,174 | 1,224 |
| Non-cash operating lease expense | 1,228 | 1,232 |
| Provision for inventory losses | 661 | 279 |
| Provision for (reversal of) allowance for credit losses | (319) | 345 |
| Loss on retirement of property and equipment | 253 | 7 |
| Gain on disposal of subsidiary entity | (226) | — |
| Unrealized gain from foreign exchange | (146) | — |
| Charge related to stock-based compensation | 269 | 259 |
| Deferred income taxes | (302) | 303 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 388 | (276) |
| Income tax receivable | 51 | 5 |
| Inventories | 2,214 | (885) |
| Prepaid expenses and other current assets | 1,769 | 946 |
| Deferred commissions | 906 | 697 |
| Other assets | (9) | 213 |
| Accounts payable | (430) | (482) |
| Accrued expenses | (827) | (247) |
| Other long-term liabilities | (2,503) | (854) |
| Taxes payable | (159) | (1,970) |
| Commissions and incentives payable | 28 | (205) |
| Deferred revenue | (1,768) | (1,157) |
| Net cash provided by (used in) operating activities | 2,480 | (1,049) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisition of property and equipment | (403) | (540) |
| Cash used in investing activities | (403) | (539) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from stock options exercised | — | 12 |
| Repurchase of common stock | — | (176) |
| Payment of cash dividends | — | (748) |
| Proceeds from notes payable | 3,600 | — |
| Repayment of finance lease obligations and other long-term liabilities | (734) | (717) |
| Net cash provided by (used in) financing activities | 2,866 | (1,629) |
| Effect of currency exchange rate changes on cash and cash equivalents | (606) | (2,293) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 4,337 | (5,510) |
| Cash, cash equivalents, and restricted cash at the beginning of the period | 9,387 | 15,197 |
| Cash, cash equivalents, and restricted cash at the end of the period | $13,724 | $9,687 |
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Income taxes paid | $812 | $2,511 |
| Interest paid on finance leases and other financing arrangements | $323 | $72 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Assets acquired through other financing arrangements | $446 | $597 |
| Operating lease right-of-use assets acquired in exchange for new operating lease liabilities | $359 | $284 |
| Finance lease right-of-use assets acquired in exchange for new finance lease liabilities | $— | $1,305 |
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