Mannatech, Included introduced its fourth quarter 2022 monetary outcomes, reporting $34.3 million in web gross sales, a 13.2% lower from the identical quarter of 2021.
Working loss within the quarter was $2.7 million, in comparison with an working revenue of $1 million in 2021. Web loss within the quarter was $7 million, or $3.78 per diluted share, in comparison with a web revenue of $2.6 million, or $1.25 per diluted share, in 2021.
Gross revenue as a proportion of web gross sales decreased 69% within the quarter, in comparison with 77.5% final 12 months, which the corporate attributes largely to the rising prices and challenges related to provide chain logistics and international change charges between the Korean Gained, Japanese Yen and U.S. greenback.
Web gross sales for the total 12 months 2022 reached $137.2 million, a 14.1% decline from 2021. Total working loss was $0.4 million, in comparison with an working revenue of $9 million in 2021. Gross revenue for 2022 declined 2.7% from the 12 months earlier than. The corporate cited provide chain prices and international change as the key components for this decline as nicely.
The corporate ended the 12 months with money and money equivalents of $13.8 million, a 43% lower from 2021.
