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Mannatech Q1 profit climbs 49.5% YOY

Mannatech Inc. said its first-quarter normalized net income amounted to 37 cents per share, a gain of 48.0% from 25 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.0 million, a gain of 49.5% from $675,630 in the year-earlier period.

The normalized profit margin climbed to 2.3% from 1.6% in the year-earlier period.

Total revenue rose on an annual basis to $44.4 million from $43.0 million, and total operating expenses came to $41.9 million, compared with $41.5 million in the prior-year period.

Reported net income rose on an annual basis to $1.1 million, or 40 cents per share, from $216,160, or 8 cents per share.