Mannatech Reports Second Quarter Results

Mannatech, Incorporated MTEX today reported a net loss of $3.8 million or $0.14 cents per diluted share for the second quarter ending June 30, 2010, compared to a net loss of $5.5 million or $0.21 cents per diluted share for the second quarter of 2009. The company reported an operating loss of $2.1 million for the second quarter 2010 compared to an operating loss of $11.1 million in the second quarter of 2009. Second quarter EBITDA was a positive $0.2 million compared to a negative $6.6 million EBITDA for the second quarter of 2009. Second quarter net sales for 2010 were $57.6 million, a decrease of 25.8%, compared to $77.6 million in the second quarter of 2009. North American sales declined 32.0% to $31.0 million in the second quarter of 2010 compared to $45.6 million in the second quarter of 2009. Second quarter international sales of $26.6 million decreased 16.9% compared to $32.0 million in the second quarter of 2009.