trending Market Intelligence /marketintelligence/en/news-insights/trending/AetoaDjZ4dQHoP7DBA1syA2 content esgSubNav
In This List

Mannatech Q1 profit falls YOY

Blog

Banking Essentials Newsletter: July 10th Edition

Blog

Investment Banking Essentials: July 10

Blog

AI in Action: Applications of ChatGPT for Textual Feature Extraction

Podcast

Next in Tech | Ep. 175: Metaverse Advances


Mannatech Q1 profit falls YOY

Mannatech Inc. said its normalized net income for the first quarter amounted to 19 cents per share, a decrease of 47.7% from 37 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $537,500, a decrease of 46.8% from $1.0 million in the year-earlier period.

The normalized profit margin declined to 1.3% from 2.3% in the year-earlier period.

Total revenue fell 8.3% year over year to $40.7 million from $44.4 million, and total operating expenses declined from the prior-year period to $40.2 million from $41.9 million.

Reported net income decreased 46.5% year over year to $583,800, or 21 cents per share, from $1.1 million, or 40 cents per share.