Mannatech (MTEX—NASDAQ) on Wednesday said sales of its wellness products were flat in 2016.
For the year, management reported overall revenue of $180.3 million. The company recorded a loss of $0.6 million, or 22 cents a share, compared with a profit of $5.8 million, or $2.14 a share, in 2015.
In the fourth quarter, revenue dipped 6 percent to $42.6 million, largely due to lower sales in the Americas region. Revenue was relatively flat in Asia-Pacific, the company’s top region by revenue. Operations outside North America accounted for roughly 62 percent of sales.
The company posted a fourth-quarter loss of $1.1 million, or 42 cents a share, versus a $1.5 million profit a year earlier.
In the first quarter of 2017, the company has been actively expanding its product offering in Europe, where it has rolled out the TruHealth Weight-Loss System, a proprietary line of essential oils and its new immune supplement, Manapol Powder.
