Mannatech Reports Third Quarter 2014 Financial Results

  |   05 November, 2014   |   684   |   3980

COPPELL, Texas, Nov 04, 2014 (BUSINESS WIRE) -- Mannatech, Incorporated(NASDAQ: MTEX), the pioneer of nutritional glycobiology, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, today announced financial results for its third quarter ended September 30, 2014.



Third quarter net sales for 2014 were $55.6 million, an increase of 25.2% as compared to $44.4 million in the third quarter of 2013. Our net sales increased 22.5% in constant dollars, which is a non-GAAP financial measure that excludes the impact of fluctuations in foreign currency exchange rates. Dr. Rob Sinnott, CEO and CSO, commented, “The growth in net sales reflects the continued expansion of our business, the recent launch of our Uth skin care product in markets outside of North America, and the anniversary of our loyalty program.” We encourage readers to review Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Form 10-Q for the quarter ended September 30, 2014 for further information regarding the comparability of the growth in net sales.