The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment

Washington's push for domestic copper, silver, gold, and tungsten is reshaping the resource landscape. Their neighbor's multi-metal hits, supported by $6M in federal funding and a 300%+ YTD surge, confirmed this Nevada corridor is the right kind of ground. Now another early-stage explorer has stepped into the same trend as interest accelerates.

Mannatech Shares Drop On 17% Q2 Revenue Decline

Shivani Kumaresan
August 12, 2022
  • Mannatech Inc (NASDAQ: MTEX) reported a second-quarter FY22 sales decline of 17.7% year-on-year, to $35 million, compared to $42.5 million.
  • The gross profit for the quarter declined 16.4% to $27.1 million.
  • The operating expenses for the quarter fell 13.6% to $26.2 million.
  • The operating margin was 2.4%, and operating income for the quarter rose 136% to $0.9 million.
  • The company held $21.2 million in cash and equivalents as of June 30, 2022.
  • EPS for the quarter was $0.34 versus $0.99 last year.
  • Price action: MTEX shares closed lower by 2.48% at $20.09 on Friday.

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