Mannatech Inc. Reports Improved Quarterly Earnings Amid Sales Decline
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Mannatech Inc. (MTEX) reported Q3 earnings with a net income of $1.9 million, up from a net loss of $328,000 a year prior. However, net sales declined to $29.2 million from $31.7 million. The company reduced operating expenses, contributing to the positive net income. Comprehensive income was reported at $1.06 million. Management is focused on strategic initiatives to improve operational efficiency and expand market presence amid competitive challenges.
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