Mene Stock Price, News & Analysis

Menē Inc. (TSX-V:MENE) announced its Q3 2022 financial results, reporting IFRS Revenue of $5.0 million (down 5% YoY) and Non-IFRS Adjusted Revenue of $6.7 million (up 4% YoY). The Gross Profit stood at $1.1 million with a 22% margin. Significant metrics included an increase in Total Comprehensive Income by 85% YoY to $1 million and a robust customer order wait list valued at $4.4 million. The company also expanded its inventory by 43% QoQ. CEO Roy Sebag expressed optimism despite anticipated recessionary pressures.

Menē Inc. (TSX-V:MENE) (US:MENEF) reported its financial results for Q2 2022, showcasing a 2% YoY revenue increase to $5.9 million. The company achieved a net income of $0.1 million, a 136% rise, along with a $1.5 million gross profit at a steady 26% margin. Operating cash flow reached $1.9 million, with tangible common equity at $16.4 million. With a robust customer order waitlist of $4.2 million as of June 30, Menē remains optimistic for future growth, having acquired a strategic manufacturing facility in the US.

Menē Inc. (TSX-V:MENE) (US:MENEF) reported Q1 2022 results with record operating income of $0.3 million, up 44% YoY. IFRS revenue was $7.3 million, a 2% increase, while Non-IFRS adjusted revenue reached $9.3 million, rising 12% YoY. Gross profit also climbed to $2 million (12% increase) with a gross margin of 27%. The company generated $4.3 million in free cash flow and recorded a strong cash position of $11.6 million. However, a net loss of $0.3 million was reported, stemming from a market-to-market revaluation of a precious metal loan.

Menē Inc. (US:MENEF) reported record financial results for Q4 and FY 2021, achieving IFRS revenue of $8.5 million in Q4, a 20% increase YoY, and an annual IFRS revenue of $26.8 million, a 27% increase YoY. Gross profit for Q4 was $2 million, up 19% YoY, while total comprehensive income reached $0.4 million. The company also generated free cash flow of $3.8 million in Q4. Future growth plans include acquiring a US production facility and establishing a European distribution center to enhance market presence.

Menē Inc. (TSX-V:MENE) (US:MENEF) reported record preliminary Key Performance Indicators for the fiscal year ended December 31, 2021. Fourth-quarter IFRS Revenue was $8.5 million, marking a 20% year-over-year increase. Annual IFRS Revenue reached $26.8 million, up 27%, with a Gross Profit of $6.5 million. The Company achieved its first yearly profit, demonstrating operational resilience during the pandemic. Significant initiatives included the launch of new products and a pre-order system, setting the foundation for future growth and European market expansion.

Menē Inc. (TSX-V:MENE) announced the resignation of independent director Tommaso Chiabra, effective immediately, and welcomed Andres Finkielsztain as his replacement. Finkielsztain brings extensive experience in capital markets and governance, and he is expected to enhance Menē's strategic position, particularly in Latin America. Additionally, he was granted stock options for 500,000 shares at CAD$0.60, valid for five years. The transition aims to bolster Menē's board with fresh insights to navigate the jewelry market.

Menē Inc. (US:MENEF) announced its Q3 2021 financial results, highlighting an IFRS revenue of $5.3 million (down 2% YoY) and Non-IFRS adjusted revenue of $6.5 million (up 5% YoY). The company reported a gross profit of $1.2 million (down 21% YoY) and a net loss of $0.3 million, a 29% decrease YoY. Customer orders rose by 20%, while inventory increased by 22% QoQ. Cumulative jewelry sales reached 94,489 units, indicating strong demand ahead of the holiday season.