/
Mannatech, Incorporated ("Mannatech" or the "Company") is a global wellness solution provider, which was incorporated and began operations in November 1993. We develop and sell innovative, high quality, proprietary nutritional supplements, skin care and anti-aging products, and weight-management products that target optimal health and wellness.
The business is unprofitable at the operating level (-0.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 320% versus the prior year, cash generation momentum has weakened. ROIC dropped from 7.10% to -2.96%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (FY)
$108M
▼ -8.3% YoY
Net Income (TTM)
-$13M
▼ -711.0% YoY
Op. Margin
-0.39%
▼ -1.6pp YoY
ROIC
-2.96%
▼ -10.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$4M
▼ -319.8% YoY
Op. Cash Flow (FY)
-$3M
▼ -231.0% YoY
Net Debt
$169K
Cash & Equiv.
$7M
5Y CAGR: -6.5%
Continue Research