- 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.
The Next Big Leap in AI: "IMPERIUM"
Bill Gates, Jeff Bezos, and Mark Zuckerberg are pouring millions into it. (Gates even tweeted it's "one of the most powerful technologies of the 21st century!") And you can invest in this new technology, which we call Imperium, right alongside them ... starting with just $10.
Mannatech Shares Drop On 17% Q2 Revenue Decline
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Business events scheduled for the coming month:
Business events and economic reports scheduled for the coming month:
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