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Mannatech Inc. (MTEX) is a globally recognized wellness solution provider established in 1994. The company focuses on developing and selling high-quality nutritional supplements, skincare, anti-aging, and weight-management products that promote optimal health and wellness. Mannatech prides itself on using scientifically backed, natural health products that support the body's natural processes.
The company operates extensively across various regions, including the Americas, Europe, the Middle East, Africa, and the Asia/Pacific regions. Key markets include the United States, Canada, Mexico, South Africa, Australia, New Zealand, several European countries, Japan, Taiwan, Singapore, Hong Kong, and South Korea.
Mannatech's product line is built upon a solid scientific foundation, integrating real food technology solutions that blend the best of science and nature. Unlike many other companies, Mannatech's products are not sold in supermarkets or pharmacies. Instead, they utilize a network of independent associates to distribute their products, ensuring a personalized and customer-centric approach.
Recent achievements highlight Mannatech's commitment to innovation and quality. The company continues to expand its product offerings, exploring new markets and solidifying its presence in existing ones. Financially, Mannatech is stable, with the majority of its revenue generated from the Americas. The company's strategic partnerships and focus on research and development exemplify its dedication to advancing health and wellness.
As Mannatech moves forward, it remains dedicated to sharing its philosophy of combining science and nature to deliver life-changing results for its customers. Investors and consumers alike can expect continued growth and innovation from this established leader in the wellness industry.
Mannatech, Incorporated (NASDAQ: MTEX) has announced the creation of a new wholly-owned subsidiary, Trulu, aimed at capturing growth within the gig economy. This innovation hub will operate independently but will collaborate with Mannatech to enhance market relevance. The move is part of a strategy to optimize health and wellness through nutritional supplementation and to adapt to modern market demands. CEO Al Bala and Chairman J. Stanley Fredrick emphasized that Trulu will not detract from Mannatech's current business operations, which have been established for over 30 years. The initiative is designed to support customer acquisition, retention, and revenue growth while retaining a strong focus on Mannatech’s existing business. This new venture represents a significant evolution in Mannatech’s approach to the health and wellness market.
Mannatech, Incorporated (NASDAQ: MTEX) reported a net sales decline of 13.2% in Q4 2022, totaling $34.3 million compared to $39.5 million in Q4 2021. The operating loss was $2.7 million, contrasting with an operating income of $1.0 million in the prior year. Overall, the company reported a net loss of $7.0 million or $3.78 per diluted share for Q4 2022, down from a profit of $2.6 million or $1.25 per diluted share in Q4 2021. For the full year, net sales decreased by 14.1% and the net loss was $4.5 million, or $2.35 per diluted share. The gross profit margin also decreased to 75.9% due to rising supply chain costs.
Mannatech, Incorporated (NASDAQ: MTEX) announced a cash dividend of $0.20 per share of common stock, payable on March 30, 2023, to shareholders of record as of March 16, 2023. This dividend reflects the company’s dedication to providing value to shareholders and fostering long-term investment. CEO Alfredo Bala emphasized the commitment to enhancing shareholder value. Mannatech, with over 25 years of service in 25 markets, is focused on health and wellness through high-quality products distributed by its global network.
Mannatech, a leader in health and wellness, has announced its expansion into the Thailand market, marking its entry into the ASEAN region. This development boosts Mannatech's global presence to 26 markets. Thailand's market potential is significant, featuring a population of 70 million and a combined direct sales and dietary supplement market valued at approximately USD 7 billion in 2020. The company aims to leverage this growth opportunity as a foundation for expanding further into Southeast Asia.
Mannatech, Incorporated (NASDAQ: MTEX) has declared a cash dividend of $0.20 per share, payable on December 28, 2022, to shareholders on record as of December 14, 2022. This decision reflects the company's commitment to rewarding shareholders and promoting long-term investment. President and CEO Alfredo Bala emphasized Mannatech's dedication to delivering value to its shareholders, reinforcing confidence in the company's strategy.
Mannatech, Incorporated (NASDAQ: MTEX) reported a 10.0% decrease in third-quarter net sales for 2022, totaling $35.5 million, down from $39.4 million in 2021. Net income fell to $1.2 million ($0.61 per diluted share), compared to $2.9 million ($1.44 per diluted share) last year. Year-to-date sales also declined 14.5% to $102.9 million. Recruitment of new independent associates dropped 23.0%, indicating challenges in network growth.
Mannatech, Incorporated (NASDAQ: MTEX) has launched Blue Water, a functional drink designed for hydration and immune support. Sourced from a sustainable deep-water volcanic aquifer and featuring 100% pure Aloe vera pulp, this drink aims to enhance hydration and promote skin health. It is vegan, gluten-free, and non-GMO, with zero carbon production. Mannatech emphasizes the product's unique sourcing method and health benefits, aligning with the wellness-focused lifestyle of its consumers.
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