Mannatech, Incorporated (NASDAQ: MTEX) announced financial results for its fourth quarter and full year ending December 31, 2018.
Fourth quarter net sales for 2018 were $44.0 million, a decrease of $2.3 million, or 5.0 percent, as compared to $46.3 million in the fourth quarter of 2017.
For the full year, overall net sales were $173,558,000 a decrease of $3.1 million, or 1.8 percent, for 2018, as compared to $176,696,000 in 2017.
The approximate number of new and continuing independent associate and preferred customer positions held by individuals in Mannatech’s network and associated with purchases of its packs or products as of December 31, 2018 and 2017 were approximately 200,000 and 215,000, respectively. Recruiting decreased 2.4 percent in the fourth quarter of 2018 as compared to the fourth quarter of 2017. The number of new independent associate and preferred customer positions in the company’s network for the fourth quarter of 2018 was approximately 20,000 as compared to 21,000 in 2017.
To read the complete Mannatech report, click here.