Monthly Archives: May 2023

Hot Business News Today

Mannatech Q1 Revenue Up 5.3% To $34.1 Million

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-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 2023.
First Quarter End Results
First quarter net sales for 2023 were $34.1 million, an increase of $1.7 million, or 5.3%, as compared to $32.4 million in the first quarter of 2022.
First quarter net sales for 2023 include the results of an annual promotion in March 2023 that occurred in April 2022. Our net sales increased 10.2% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $1.6 million, mostly due to the decline of the Korean Won and Japanese Yen.
First quarter operating income for 2023 was $0.7 million as compared to less than $0.1 million for the first quarter of 2022.
Net income was $0.6 million, or $0.32 per diluted share, for the first quarter of 2023, as compared to net income of $0.1 million, or $0.06 per diluted share, for the first quarter of 2022.
For the three months ended March 31, 2023, overall selling and administrative expenses decreased by $0.5 million to $6.4 million, as compared to $6.9 million for the same period in 2022.

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Hot Business News Today

Lorena Gabor Achieves Chairperson Rank At Partner.co

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Lorena Gabor stated upon her achievement:
“I am very honored to have attained the position and be recognized as Chairperson in Partner Co  and could not be happier and prouder of what we build with the team.
My journey started as an entrepreneur at the very young age. I owned a beauty salon and then I worked in real estate. I was looking to build a business that will give me freedom.
Financial but more important, time freedom. Soon I realised that with my traditional businesses that was very difficult. Very often I was working more than my employees. No residual income. Plus, I was trapped in one geographic location – no world-wide business.
I joined two Network Marketing companies just “playing” with them. The company owners seemed to “play” with the business too. They were constantly changing the compensation plan – which was so frustrating to me and my team. After analyzing dozens of companies, I felt like they were all the same.
Then… on one fateful day I analysed one that had never heard of before and was shocked at what I saw – it was nothing like my previous experiences.

True professionals building real and large businesses.
Quickly embracing new people and supporting them with

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