Mannatech, Incorporated announced its third quarter 2023 financial results, reporting net sales of $32.6 million, an 8.3% decrease from $35.5 million in the same quarter last year. Operating income during the quarter was $0.2 million, a decline from $1.4 million in Q3 2022. Net income during the quarter was $18,000, significantly down from $1.2 million in the same quarter of 2022.
Year to date, net sales were down 3.5% compared to 2022, reaching $99.3 million, with a net loss of $0.5 million, compared to a net income of $2 million in the same time period last year.
Recruitment in the third quarter showed promise, with new independent associates and preferred customers increasing by 20.9% year-over-year to 23,296.
