Mannatech, Incorporated $(MTEX)$, a global health and wellness company, announced its financial results for the first quarter of 2025. The company reported net sales of $26.6 million for the quarter ending March 31, 2025, reflecting a 9.6% decrease compared to $29.4 million in the same period in 2024. This decline was attributed to slowing demand in Asia due to weakened economic conditions. On a constant dollar basis, net sales decreased by $1.6 million, or 5.4%, while unfavorable foreign exchange led to a $1.2 million decrease in GAAP net sales. Mannatech reported a net loss of $1.5 million for the first quarter of 2025, contrasting with a net income of $1.2 million for the same period in the previous year. The company's cash and cash equivalents decreased by 18.2%, or $2.1 million, to $9.3 million as of March 31, 2025, from $11.4 million as of December 31, 2024. The number of new and continuing independent associate and preferred customer positions in Mannatech's network was approximately 129,000 as of March 31, 2025, compared to 143,000 in the same period of 2024, marking a 13.9% decrease in recruitment. Management noted that changes in current trade policies could impact the company's cost structure and profitability.
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