Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced its fourth quarter and full-year 2024 financial results.
Highlights include a return to profitability, improved operating results, margin expansion, and enhanced cost efficiency, underscoring the company’s resilience and forward-looking strength.
Fourth Quarter 2024 Financial Highlights:
Return to Profitability: Net income of $2.3 million (or $1.20 per diluted share) in Q4 2024, a strong turnaround from a net loss of $1.8 million (or $0.94 per share) in Q4 2023.
Higher Margins: Gross profit margin expanded to 80.5% in Q4 2024, up from 75.4% in the prior-year quarter, reflecting improved operational efficiency and cost management.
Improved Operating Results: Operating income of $0.9 million, compared to an operating loss of $0.9 million in Q4 2023, driven by disciplined expense control and productivity gains.
Cost Efficiency: Selling and administrative expenses in Q4 were reduced by $1.7 million year-over-year, through streamlined operations and lower marketing, payroll, and travel costs.
Full-Year 2024 Financial Highlights:
Annual Profit Growth: Net income of $2.5 million (or $1.32 per diluted share) for full-year 2024, a significant improvement from a net loss of $2.2 million (or $1.20 per share) in 2023.
Positive Operating Income: Operating income of $1.4 million for 2024, compared to an operating loss of $1.0 million