Mannatech(US:MTEX) Globenewswire·2025-11-12 21:02Core Viewpoint - Mannatech, Incorporated reported a decline in net sales for Q3 2025 compared to the same period in 2024, primarily due to slowing demand in certain regions, although sales were higher than the first two quarters of 2025 [4]. Financial Performance - Net sales for Q3 2025 were $29.2 million, down from $31.7 million in Q3 2024, representing a decrease of $2.6 million or 8.1%. On a constant dollar basis, net sales decreased by $2.3 million or 7.3% [4]. - Gross profit as a percentage of net sales increased to 76.4% in Q3 2025 from 74.5% in Q3 2024, attributed to higher sales prices and lower inventory reserve additions [4]. - Commission expenses decreased by 10.7% to $10.9 million in Q3 2025 from $12.2 million in Q3 2024, with commissions as a percentage of net sales decreasing to 37.5% from 38.3% [4]. - Selling and administrative expenses decreased by 7.8% to $9.1 million in Q3 2025 from $9.8 million in Q3 2024, with a slight increase in percentage of net sales to 31.1% [4]. - Income from operations was $2.0 million for Q3 2025, compared to $0.9 million in Q3 2024 [4]. - Net income for Q3 2025 was $1.9 million or $1.01 per diluted share, compared to a net loss of $0.3 million or $0.17 per diluted share in Q3 2024 [4]. Cash and Assets - As of September 30, 2025, cash and cash equivalents decreased by 37.3% to $7.1 million from $11.4 million as of December 31, 2024 [4]. - Total assets as of September 30, 2025, were $33.9 million, down from $36.1 million as of December 31, 2024 [10]. Associate and Customer Metrics - The number of independent associates and preferred customers decreased to approximately 119,000 as of September 30, 2025, from 136,000 in the same period of 2024 [4]. - Recruiting new associates and preferred customers decreased by 21.9% in Q3 2025 compared to Q3 2024 [4].