Mannatech, Inc. launched its third quarter 2022 monetary report, asserting $35.5 million in internet gross sales throughout the quarter, a ten% lower from the identical interval final 12 months. Working revenue for the quarter was $1.4 million, a major decline from $3.3 million throughout the identical interval final 12 months.
Web revenue was $1.2 million in Q3, down from $2.9 million in the identical quarter of 2021. Promoting and administrative bills decreased by $0.5 million to $6.7 million, which the corporate attributed to a lower in payroll and warehouse prices.
New and persevering with impartial associates and most popular prospects on the finish of the third quarter had been 150,000 and 166,000 respectively, with recruitment of latest Mannatech associates and prospects experiencing a pointy decline of 23% throughout the third quarter when in comparison with the identical interval of 2021.
