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Menē Inc. (TSX-V: MENE, US: MENEF), a 24 karat online jewelry brand, announced its Q1 2024 financial results. Revenue fell by 32% YoY to $4.8 million, and the company reported a gross profit of $1.1 million with a 24% margin. However, it experienced a comprehensive loss of $0.7 million, a $0.2 million increase YoY. Menē sold 45 kg of jewelry, totaling 4,979 units. Operationally, 13 new designs were launched, and 71% of sales came from returning customers. The company’s total gold held by customers surpassed CAD$100 million, and cumulative jewelry units sold reached 147,000.