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 third quarter of 2022.
Third Quarter End Results
Third quarter net sales for 2022 were $35.5 million, a decrease of $3.9 million, or 10.0%, as compared to $39.4 million in the third quarter of 2021. Our net sales declined 1.3% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $3.4 million, mostly due to the decline of the Korean Won and Japanese Yen.
Third quarter operating income for 2022 was $1.4 million as compared to $3.3 million for the third quarter of 2021.
Net income was $1.2 million, or $0.61 per diluted share, for the third quarter of 2022, as compared to net income of $2.9 million, or $1.44 per diluted share, for the third quarter of 2021.
For the three months ended September 30, 2022, overall selling and administrative expenses decreased by $0.5 million to $6.7 million, as compared to $7.2 million for the same period in 2021. The decrease in selling and administrative expenses consisted of a $0.7 million decrease in payroll costs, and a $0.1 million decrease in warehouse costs, which was partially offset by a $0.3 million increase in marketing costs.
For the three months ended September 30, 2022, other operating costs increased by $0.1 million to $5.1 million, as compared to $5.0
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Mannatech Launches Superfood Greens And Reds
by Team Business For Home • • 0 Comments
Global health and wellness company Mannatech, Incorporated (NASDAQ: MTEX) just announced the launch of its new product, Superfood Greens and Reds. It was revealed in front of a live and virtual crowd on September 24, 2022, during the company’s MannaFest Unite 2022 event.
“Mannatech is going beyond market trends by improving upon them. We work to add as much value and benefit as possible in each product we create,”
said Mannatech President & CEO Alfredo “Al” Bala. “
By combining nutrients from both green and red superfoods, we’ve innovated a new approach to wellness that gives consumers a way to nourish their bodies with 20 phytonutrients from vegetables, fruits, and other plants — all at once.
Our mission to provide high-quality wellness solutions is never-ending, and we’re excited to offer another unmatched product, with this one focused on total well-being benefits that help fill nutritional gaps, but also address energy, endurance and helping support healthy cortisol levels. Plus, it actually tastes amazing.”
As few as 6% of Americans eat the recommended five or more servings of fruits and vegetables a day, according to the CDC. Superfood Greens and Reds was created to help fill this nutritional gap. Just one scoop in a glass of water, juice or
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Mannatech Q2 Revenue Down 17,7% To $35 Million
by Team Business For Home • • 0 Comments
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 second quarter of 2022.
Second Quarter End Results
Second quarter net sales for 2022 were $35.0 million, a decrease of $7.5 million, or 17.7%, as compared to $42.5 million in the second quarter of 2021.
Our net sales declined 11.3% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $2.7 million, mostly due to the decline of the Korean Won and Japanese Yen.
During the second quarter, logistics in Hong Kong improved, and we were better able to deliver products to our customers. However, during the quarter, supply chain constraints worldwide continued to impact our sales. We have experienced a shortage of an ingredient used in some core products, and we have begun to move forward with our manufacturing partners with an alternative.
Second quarter operating income for 2022 was $0.9 million as compared to $2.0 million for the second quarter of 2021.
Net income was $0.7 million, or $0.34 per diluted share, for the second quarter of 2022, as compared to net income of $2.1 million, or $0.99 per diluted share,
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Mannatech Q3 Sales Up 2% To $43 Million
by Ted Nuyten • • 0 Comments
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 third quarter of 2018.
Third quarter net sales for 2018 were $43.0 million, an increase of $1.0 million, or 2.4%, as compared to $42.0 million in the third quarter of 2017. For the three-month period ended September 30, 2018, our net sales increased 2.9% on a constant dollar basis (see Non-GAAP Financial Measures, below) as compared to the same period in 2017, while unfavorable foreign exchange caused a $0.2 million decrease in GAAP net sales as compared to the same period in 2017.
Income from operations was $1.7 million for the third quarter 2018, as compared to income of $0.7 million in the same period in 2017. Due to taxes, our net loss was $1.7 million, or $0.69 per diluted share, for the third quarter 2018, as compared to net income of $1.4 million, or $0.50 per diluted share, for the third quarter 2017.
For the three months ended September 30, 2018, the Company’s effective tax rate was 167.8% as compared to (58.5)% for the same period in 2017. The effective tax rate for the three months ended September 30,
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Mannatech For The Second Time Classified As Triple A Opportunity
by Ted Nuyten • • 0 Comments
Once again, Mannatech, Incorporated(NASDAQ: MTEX) has been classified as a Triple A (AAA+) opportunity, based on key figures such as revenue, momentum, Alexa ratings, poll results, input from direct selling professionals, top earners and Head Office visits we regularly do. In June 2016 Mannatech earned the rank for the first time.
Business For Home recommends Mannatech. There is a high certainty that the net benefit is substantial for a (new) representative.
Mannatech’s Unique Value Proposition
Mannatech transforms lives through Glyconutrition. Glycans are part of the glycoproteins on the exterior of your body’s cells. They help the glycoproteins facilitate faster, better and more complete cell-to-cell communication, helping your cells get what they need so that they — and you — can be at your healthiest.*
As the discovering party, pioneer and champion for glycans Mannatech’s products, including its flagship Ambrotose® products (with over $2 billon sold), provide these important compounds, that according to numerous studies published in peer-reviewed journals, can:
Support cellular communication
Improve cognitive function, concentration and memory
Improve mood and decrease irritability
Support immune function
Support digestive function
Promote gastrointenstinal health
The powerful, proprietary combination of ingredients in Ambrotose products cannot be replicated by competitors. This ensures product exclusivity and protects the business opportunity enjoyed by approximately 218,000 Mannatech Associates in
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Germain Vaca Rodriguez Achieves Presidential Platinum Rank With Mannatech
by Ted Nuyten • • 0 Comments
Germain Vaca Rodriquez from Mexico is Mannatech’s first Latino Presidential Platinum and has 26 years experience in the Direct Selling Industry.
His team stated:
“It’s a privilege for all Mannatech to recognize your effort – work and commitment in these years.
Your commitment is the key to success that today lives in Mexico. Thank you for being part of this story and for marking the story of thousands of people around the world.
Today is the beginning of a new phase for all of us and the new road we walk along with you!
Thanks friend, company and great leader. We love you for that day you’re with us.
About Mannatech
Mannatech, Incorporated, offers a profound wellness experience that makes a difference in the lives of people across the world. Through its innovative Glyconutrition products, Mannatech changes lives, providing an unprecedented level of natural wellness, freedom and purpose.
With more than 20 years of experience and operations in 26 markets, Mannatech is committed to changing lives. For more information, visit Mannatech.com.
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Mannatech And M5M On Pace To Provide 16 Million Meals To Malnourished Children
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ:MTEX), a global health and wellness company, announced today that in partnership with Mission 5 Million Foundation (M5M) and Kids Around the World’s OneMeal program they have provided 10 million meals for children in the first half of the year and are on pace to achieve their overall goal of providing 16 million meals in 2018.
“Our mission at M5M is to combat malnutrition by providing food-sourced supplements to children in need, around the world,”
said M5M Executive Director Sarah Louthan.
“We set a goal to provide 16 million meals this year and at mid-year we were at 10 million, and we feel we can reach the 16 million mark before year-end.”
Each meal is enhanced with Mannatech’s PhytoBlend™ product, a plant-based powder that mixes easily into foods such as soups, rice and porridge.
It contains over 20 vitamins and minerals to help promote good health and vitality and provides many of the nutrients otherwise found in fruits, vegetables, minerals, grains and oils. Many communities around the world to do not have access to this variety of nutrient sources, leaving millions of children malnourished.
“We’re helping children get the best nutrients through Mannatech’s PhytoBlend powder. It is all-natural, real-food supplementation that can be
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Amanda And Paul Latreille Achieve Mannatech’s Elite Million Dollar Club
by Ted Nuyten • • 0 Comments
Amanda And Paul Latreille from Canada achieved Mannatech’s elite Million Dollar Club* – a Triple A classified opportunity by Business For Home.
The Million Dollar Club* recognizes over 200 members from all around the world who have achieved this illustrious milestone. This recognition not only celebrates monetary achievement^, but the many lives that have been transformed because of their hard work.
Amanda and Paul sat down to discuss their journey, their successes and the goals they are still chasing upon their achievement:
How does it feel to join the Million Dollar Club?
Reaching the Million Dollar milestone is very exciting and it is additional proof that hard work and persistence pay off.
What does this level of success mean to the two of you?
It’s really an honor to be included with a group of like-minded leaders who have also achieved this level of freedom. Having achieved this milestone allows us to share the Mannatech opportunity with others, with full confidence that network marketing works and is a credible business, because we’re living it! We’re the proof!
Has the new compensation plan helped to accelerate your journey to the Million Dollar Club?
The new compensation plan is easy to explain to others and it makes it easy for a new Associate
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Liqin Shen And Alicia Liu Achieve Mannatech’s Elite Million Dollar Club
by Ted Nuyten • • 0 Comments
Alicia Liu And Liqin Shen from Canada achieved Mannatech’s elite Million Dollar Club* – a Triple A classified opportunity by Business For Home.
The Million Dollar Club recognizes over 200 members from all around the world who have achieved this illustrious milestone. This recognition not only celebrates monetary achievement, but the many lives that have been transformed because of their hard work.
Liqin Shen and Alicia Liu discovered Mannatech after emigrating from China to Canada in 2009.
“We were looking for high-quality nutritional supplements for our family, and just at that moment, my upline Mr. Hanson Ma introduced Manantech to us,” said Liqin. “After watching a video about the experience of sharing Mannatech, plus Hanson had been met with us three times, we were so impressed that we began to learn more about the importance of the Glyconutrients used by Mannatech in the development of their supplements.
With my previous government work in China, my engineering background and my experience in running my own business, I immediately recognized the exceptional opportunity presented by Mannatech.”
“Mr. Hanson Ma, an outstanding professional and network marketer with a tremendous amount of wisdom, shared with my wife and me his own experience with 21 other multilevel marketing companies. After reviewing
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Julia Zhu And Tony Bao Achieve 2-Star Platinum Presidential Rank With Mannatech
by Ted Nuyten • • 0 Comments
Julia Zhu and Tony Bao recently achieved 2-Star Platinum Presidential rank at Mannatech.
They are Chairman’s Club members, which is an exclusive club made up of only top leaders within the company, as well as Million Dollar Club members, meaning Julia and Tony have earned more than $1 million in commissions since joining Mannatech.
This is what they had to say upon their success:
How does it feel to achieve 2-Star Platinum Presidential?
Julia & Tony: We feel very excited about it, absolutely, but at the same time it feels very normal to be where we are now, because our ultimate goal is to achieve the level of Crown Platinum Ambassadors.
It’s wonderful to be at the 2-Star Platinum Presidential level, and it is evidence of the wonderful team we have built. We are enjoying the new level and hope to advance again very soon.
What does this level of success mean to the two of you as a couple?
As a couple, we are really enjoying the freedom of time and the freedom from financial worries. We’re in a better place together than we even hoped for.
We are enjoying the best relationship we have ever had together. We are communicating with each other better than ever,