Mannatech Incorporated announced its financial results for the first quarter of 2025. Net sales during the period totaled $26.6 million, a 9.6% year-over-year decrease. Gross profit as a percentage of net sales fell to 74.3% from 78.6% year-over-year. The company attributed some of this increase in cost to freight charges for backordered items and sales promotions.
Loss from operations during the quarter remained stable year-over-year at $0.8 million, while net loss was $1.5 million, compared to $1.2 million in Q1 2025.
The approximate number of new and continuing independent associates and preferred customers declined from 143,000 in the first quarter of 2024 to 129,000, showing a 13.9% decrease.
The company ended the quarter with cash and cash equivalents of $9.3 million, an 18.2% decrease from the previous quarter.
