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Mannatech swings to profit in Q3

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Mannatech swings to profit in Q3

Mannatech Inc. said its normalized net income for the third quarter amounted to 16 cents per share, compared with a loss of 2 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 $451,880, compared with a loss of $56,880 in the year-earlier period.

The normalized profit margin rose to 0.9% from negative 0.1% in the year-earlier period.

Total revenue increased 9.8% year over year to $48.1 million from $43.9 million, and total operating expenses rose 14.4% from the prior-year period to $47.6 million from $41.6 million.

Reported net income increased from the prior-year period to $1.3 million, or 46 cents per share, from $81,630, or 3 cents per share.