Mannatech, Incorporated $(MTEX)$ has released its financial results for the second quarter of 2025, reporting a decrease in net sales and a significant rise in net loss. The global health and wellness company announced net sales of $25.7 million for the quarter ended June 30, 2025, down 7.4% from $27.7 million in the same period in 2024. This decline in revenue was primarily attributed to slowing demand in certain regions due to weakened economic conditions. The net loss for the three months ended June 30, 2025, was $4.3 million, compared to a net loss of $0.6 million in the same period of 2024. Gross profit as a percentage of net sales dropped to 73.6% from 77.1% in the previous year, influenced by increased freight costs related to back-ordered items and sales promotions that reduced the gross profit margin. As of June 30, 2025, the company's cash and cash equivalents stood at $5.5 million, marking a 51.5% decrease from $11.4 million at the end of December 2024. Additionally, the number of independent associate and preferred customer positions decreased to approximately 125,000 from 142,000 in 2024, with recruiting efforts dropping by 22.7% compared to the second quarter of 2024. There was no specific outlook or guidance provided in this release.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mannatech Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001056358-25-000077), on August 12, 2025, and is solely responsible for the information contained therein.
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