Mannatech, Incorporated released its first quarter financial results for 2023, posting $34.1 million in net sales, a 5.3% increase over the same time in 2022. Operating income during the period was $0.7 million, up from $0.1 million in the first quarter of last year, while net income was $0.6 million.
Operating costs increased from $4.9 million to $5.6 million year over year, which the company primarily attributed to consulting fees, an increase in travel and entertainment and $0.1 million in bad debt expense.
New and continuing independent associate and preferred customers were 143,000 and 157,000 respectively, with new associates and preferred customers increasing by 0.03% year over year.
