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
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Third Quarter Fiscal 2018 Summary:
Revenue increased 12.3% to $50.6 million year over year and 2.2% sequentially;
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Highlights for First Quarter of 2018:
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*Figures following the adoption of IFRS 15 and IFRS
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by Ted Nuyten • • 0 Comments
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About Herbalife Nutrition Ltd.:
Herbalife Nutrition is a global nutrition
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