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April 02, 2011

Financial News

Financial News, April 2011


Mannatech

Mannatech Inc. (MTEX-NASDAQ) reported a net loss of $2.7 million, or 10 cents per diluted share, for the fourth quarter ended Dec. 31, 2010.

Fourth quarter net sales for 2010 were $54.9 million, a decrease of 21.7 percent compared to $70.1 million in the fourth quarter of 2009. North American sales declined 24.4 percent to $27.5 million compared to $36.4 million in the fourth quarter of 2009. Fourth quarter 2010 results included essentially level sales compared to third quarter 2010 volumes, and a fourth quarter operating deficit of $2.8 million improved by $0.9 million versus the prior quarter.

Annual sales for 2010 were $228.1 million, down 21.3 percent from $289.7 million for the full year of 2009. The company reported a net loss for the full year of $10.6 million, an improvement of $6.8 million compared to the full year net loss of $17.4 million in 2009. The loss per share of 40 cents for the full year of 2010 improved by 26 cents compared to the loss per share of 66 cents for the full year of 2009.

Pre-Paid Legal

Pre-Paid Legal Services Inc. (PPD-NYSE), announced results for the fourth quarter and year ended Dec. 31, 2010. Net income for the fourth quarter of 2010 increased 43 percent to $16.3 million from $11.4 million for the prior year’s fourth quarter. Diluted earnings per share for the 2010 fourth quarter increased 54 percent to $1.66 per share from $1.08 per share for the prior year’s comparable quarter, due to an increase in net income of 43 percent and a decrease of 7 percent in the weighted average outstanding shares.

Net income for the full year of 2010 increased 22 percent to $67.4 million from $55.1 million for 2009. Diluted earnings per share for 2010 increased 35 percent to $6.80 per share from $5.04 per share for the prior year, due to increased net income of 22 percent and a 9 percent decrease in the weighted average number of outstanding shares.

Relìv International

Relìv International Inc. (RELV-NASDAQ) reported its financial results for the fourth quarter and full year of 2010.

Relìv reported net sales of $18.5 million for the fourth quarter of 2010, compared to sales of $20.7 million for the fourth quarter of 2009. U.S. sales declined by 12.6 percent for the quarter compared to the same quarter in 2009.

The company reported net income of $559,000, or 5 cents per diluted share, for the fourth quarter of 2010. That compared to net income of $769,000, or 6 cents per diluted share, for the fourth quarter of 2009.

Relìv reported net sales of $78.7 million for 2010, compared to net sales of $85.4 million in 2009. U.S. net sales dropped from $75.0 million to $66.9 million.

Net income for 2010 totaled $1.7 million, compared to $2.5 million in 2009. Diluted earnings per share totaled 14 cents in 2010 compared to 20 cents in 2009.

Relìv International Inc., based in Chesterfield, Mo., makes nutritional supplements. The company also markets premium personal care products through its Relivables line. Relìv sells its products through an international network marketing system of independent distributors in 15 countries.

RBC Life Sciences

RBC Life Sciences (RBCL-OTC Bulletin Board) reported a 13 percent increase in consolidated net sales to $28.2 million for the year ended Dec. 31, 2010, compared to net sales of $24.9 million for the same period during 2009. For 2010, the company reported net earnings of $558,000, or 2 cents per diluted share, compared to a net loss of $335,000, or 2 cents per diluted share, during 2009.

RBC Life Sciences develops, manufactures and markets high-quality nutritional supplements and personal care products under its RBC Life brand to a growing population of consumers seeking wellness and a healthy lifestyle.


Direct Selling News has accumulated this information from public sources, including press releases and SEC filings. The information is presumed accurate and reliable. However, it is not an endorsement of any investment opportunity. Proper and considerable due diligence should be completed before making any investment.