trending Market Intelligence /marketintelligence/en/news-insights/trending/OXpVOFVk7uzyVagmEb45RQ2 content esgSubNav
In This List

Mannatech swings to profit in Q3

Podcast

Master of Risk | Episode 7 : John Kevill

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Banking Essentials Newsletter: 29th November Edition


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.