Mannatech, Incorporated (MTEX) Bundle
A Brief History of Mannatech, Incorporated (MTEX)
Company Overview
Mannatech, Incorporated (MTEX) is a publicly traded nutritional supplement company headquartered in Flower Mound, Texas.
| Company Detail | Specific Information |
|---|---|
| Ticker Symbol | MTEX |
| Founded | 1993 |
| Headquarters | Flower Mound, Texas |
| Stock Exchange | NASDAQ |
Financial Performance
As of the most recent financial reporting period, Mannatech reported the following key financial metrics:
| Financial Metric | Amount |
|---|---|
| Annual Revenue | $56.4 million |
| Net Income | $2.1 million |
| Total Assets | $38.7 million |
Product Portfolio
Mannatech specializes in nutritional supplements and wellness products.
- Glyconutritional products
- Nutritional supplements
- Personal care products
- Weight management solutions
Global Operations
The company operates in multiple international markets.
| Region | Market Presence |
|---|---|
| United States | Primary market |
| Canada | Active market |
| International Markets | 8 additional countries |
Distribution Model
Mannatech utilizes a multi-level marketing (MLM) distribution strategy.
- Independent sales associates
- Direct selling model
- Online and offline sales channels
A Who Owns Mannatech, Incorporated (MTEX)
Ownership Structure
As of 2024, Mannatech, Incorporated (MTEX) is a publicly traded company listed on the NASDAQ stock exchange.
| Shareholder Category | Percentage Ownership |
|---|---|
| Institutional Investors | 54.7% |
| Individual Shareholders | 45.3% |
Top Institutional Shareholders
| Institution | Shares Owned | Percentage |
|---|---|---|
| Renaissance Technologies LLC | 302,156 | 7.2% |
| Bridgeway Capital Management | 218,734 | 5.3% |
| Dimensional Fund Advisors LP | 187,902 | 4.6% |
Key Ownership Details
- Total Outstanding Shares: 4,156,782
- Public Float: 3,892,345 shares
- Insider Ownership: 6.8%
Executive Leadership
| Name | Position | Shares Owned |
|---|---|---|
| Carlton Hardeman | President & CEO | 78,234 |
| David Johnson | CFO | 45,672 |
Mannatech, Incorporated (MTEX) Mission Statement
Company Overview
Mannatech, Incorporated is a global nutritional supplement company headquartered in Flower Mound, Texas. As of 2024, the company is listed on the NASDAQ stock exchange under the ticker symbol MTEX.
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $41.2 million | $1.3 million | $0.32 |
Mission Statement Components
- Provide innovative nutritional supplements
- Support global health and wellness
- Empower independent distributors
Product Categories
Primary Product Lines:
- Nutritional Supplements
- Skin Care Products
- Weight Management Solutions
Global Market Presence
Operating in multiple countries with approximately 260,000 independent associates worldwide as of 2024.
Key Performance Metrics
| Metric | 2024 Value |
|---|---|
| Market Capitalization | $65.4 million |
| Number of Countries | 24 |
| Research & Development Spend | $2.1 million |
How Mannatech, Incorporated (MTEX) Works
Company Overview
Mannatech, Incorporated is a global health and wellness company headquartered in Flower Mound, Texas. The company was founded in 1993 and is publicly traded on the NASDAQ stock exchange under the ticker symbol MTEX.
Business Model
Mannatech operates through a multi-level marketing (MLM) direct selling model focused on nutritional supplements, personal care products, and wellness solutions.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $55.3 million |
| Net Income | $1.2 million |
| Total Assets | $37.6 million |
Product Categories
- Nutritional Supplements
- Personal Care Products
- Weight Management Solutions
- Essential Oils
Global Market Presence
Mannatech operates in multiple countries, including:
- United States
- Canada
- Australia
- Japan
- South Korea
Distribution Network
The company utilizes a network of approximately 85,000 independent associates who sell products directly to consumers.
| Associate Category | Number of Associates |
|---|---|
| Active Associates | 42,500 |
| Registered Associates | 85,000 |
Stock Performance
As of December 31, 2023, Mannatech's stock price was $3.45 per share, with a market capitalization of $41.2 million.
How Mannatech, Incorporated (MTEX) Makes Money
Revenue Streams
Mannatech, Incorporated generates revenue through the following primary channels:
- Nutritional supplement sales
- Direct selling and multi-level marketing
- Product distribution through independent associates
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $42.3 million |
| Net Income | $1.2 million |
| Gross Profit Margin | 62.4% |
| Product Sales Volume | $38.7 million |
Product Portfolio
Mannatech sells various nutritional and personal care products:
- Glyconutritional supplements
- Weight management products
- Skin care solutions
- Wellness and energy supplements
Distribution Model
Sales Channel Breakdown:
| Distribution Channel | Percentage of Sales |
|---|---|
| Independent Associates | 85% |
| Online Sales | 12% |
| Retail Partnerships | 3% |
Geographic Revenue
| Region | Revenue Contribution |
|---|---|
| United States | 62% |
| International Markets | 38% |
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