March 15, 2017
Mannatech Reports Lower Sales in Q4
Mannatech (MTEX—NASDAQ) on Wednesday said sales of its wellness products were flat in 2016.
For the year, management reported overall revenue of $180.3 million. The company recorded a loss of $0.6 million, or 22 cents a share, compared with a profit of $5.8 million, or $2.14 a share, in 2015.
In the fourth quarter, revenue dipped 6 percent to $42.6 million, largely due to lower sales in the Americas region. Revenue was relatively flat in Asia-Pacific, the company’s top region by revenue. Operations outside North America accounted for roughly 62 percent of sales.
The company posted a fourth-quarter loss of $1.1 million, or 42 cents a share, versus a $1.5 million profit a year earlier.
In the first quarter of 2017, the company has been actively expanding its product offering in Europe, where it has rolled out the TruHealth Weight-Loss System, a proprietary line of essential oils and its new immune supplement, Manapol Powder.