Mannatech, Inc. reported net income of $2.2 million, or $0.08 per share, in the fourth quarter of 2009, compared to net income of $620,000, or $0.02 per share, in the same quarter of 2008.
Mannatech, Inc. said that fourth quarter of 2009 revenues fell by 8.4% to $70.1 million, from $76.5 million a year earlier. The company did see an increase in its international sales in the fourth quarter of 2009, which increased 8%, from $31.2 million to $36.3 million.
Stephen Fenstermacher, the Co-CEO of Mannatech, Inc. said, “Our focus since mid-year of 2009 was to return to traditional cost levels for cost of sales and commissions; we accomplished that goal in the fourth quarter. Equally important, fourth quarter 2009 EBITDA was $2.9 million, evidencing a return to positive operating cash flow.”
Mannatech, Inc. reported a strong increase in new associates and members for 2009. The company added 144,631 associates and members in 2009, up 9.2% from the 132,447 added during 2008. Mannatech, Inc. sells skin care, health, weight and fitness products through an independent sales force in the United States, Europe and Asia.
Let us hear your thoughts below: