Mannatech, Incorporated (MTEX) swung to a net loss for the quarter ended Mar. 31, 2017. The company has made a net loss of $1.25 million, or $ 0.46 a share in the quarter, against a net profit of $0.59 million, or $0.21 a share in the last year period. Revenue during the quarter went down marginally by 0.16 percent to $40.64 million from $40.71 million in the previous year period. Gross margin for the quarter contracted 95 basis points over the previous year period to 78.44 percent. Operating margin for the quarter stood at negative 5 percent as compared to a positive 1.32 percent for the previous year period.
Operating loss for the quarter was $2.03 million, compared with an operating income of $0.54 million in the previous year period.
However, the adjusted operating loss for the quarter stood at $2.30 million.
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