Mannatech Reports Financial Results for First Quarter 2025
Financial Performance: Mannatech reported a net sales decrease of 9.6% to $26.6 million for Q1 2025 compared to the previous year, primarily due to reduced demand in Asia and increased operational costs, resulting in a net loss of $1.5 million.
Operational Changes: The company experienced a decline in independent associates and preferred customers by 13.9%, alongside a reduction in commission expenses and selling/administrative costs, indicating challenges in recruitment and sales performance.
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Mannatech Inc. Q2 Loss Increases
Financial Performance: Mannatech Inc. reported a second-quarter loss of -$4.31 million, or -$2.27 per share, compared to a loss of -$0.62 million, or -$0.33 per share, in the same period last year.
Revenue Decline: The company's revenue decreased by 7.4% to $25.68 million from $27.74 million in the previous year.
