Mannatech, Incorporated(NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its first quarter of 2018.
First Quarter Results
First quarter net sales for 2018 were $41.4 million, an increase of $0.8 million, or 2.0%, as compared to $40.6 million in the first quarter of 2017.
For the three-month period ended March 31, 2018, our net sales declined 2.5% on a constant dollar basis (see Non-GAAP Financial Measures, below) as compared to the same period in 2017, while favorable foreign exchange caused a $1.0 million increase in GAAP net sales as compared to the same period in 2017.
Loss from operations was $0.9 million for the first quarter 2018, as compared to a loss of $2.0 million in the same period in 2017. Net loss was $0.3 million, or $0.10 per diluted share, for the first quarter 2018, as compared to a net loss of $1.2 million, or $0.46 per diluted share, for the first quarter 2017. Loss from operations included approximately $1.1 million in non-recurring costs related to the corporate office move.
For the three months ended March 31, 2018, Mannatech’s operations outside of the Americas accounted for approximately 66.9% of Mannatech’s consolidated net
Tag Archive for Ambrotose
Hot Business News Today
Mannatech Introduces Most Powerful Ambrotose Formula Ever
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company, has unveiled the most powerful Ambrotose® product ever, its new nutritional supplement, Ambrotose LIFETM powder, at its annual MannaFest convention.
Leveraging advancements in scientific and ingredient research, Mannatech has improved the Ambrotose formula by adding in new clinically-tested ingredients to boost its immune, cognitive, mood and gastrointestinal benefits*.
Additionally, Ambrotose LIFE has more Manapol® powder than in any other product and double the Manapol powder of its top-selling product, Advanced AmbrotoseTM.
Mannatech’s Manapol contains the highest concentration of acemannan found anywhere. Acemannan is a potent polysaccharide found in the inner gel of the aloe vera leaf. It is what gives aloe its ability to support cell-to-cell communication in the body.
“For more than 20 years, Ambrotose has been recognized as one of the most powerful nutritional supplements in the world. One that can boost your immune system, improve cognitive functions and support gastrointestinal health,*”
said Mannatech’s Chief Operating and Marketing Officer, Joel Bikman, from the stage at MannaFest 2018.
“We’ve sold more than $3 billion worth of Ambrotose during that time, but we’re just getting started. We believe Ambrotose LIFE will do more for your health than any other combination of products ever developed.”
“Our core