MiniLuxe Holding Corp Stock Price, News & Analysis

MiniLuxe (TSXV: MNLX) has announced plans to issue 437,500 subordinate voting shares at $0.40 USD per share to facilitate the acquisition of a salon business in the Dallas-Fort Worth market. The shares will be issued through a newly formed limited liability company, representing less than 1% of the company's fully diluted ownership.

The Boston-based company, which has performed over 4 million services since inception, aims to transform the nail care and self-care industry through its franchise model, focusing on high-quality services, ultra-hygienic standards, and better-for-you products. The transaction, pending TSX Venture Exchange approval, aligns with MiniLuxe's strategy of expanding through M&A conversion opportunities in existing markets.

MiniLuxe Holding Corp. (TSXV: MNLX) has appointed Lanchi Venator as its new Chief Financial Officer, effective immediately. Venator, who has been serving as a senior advisor since early 2025, brings significant experience from her previous roles as Global CFO & Head of Strategy at KFC and Senior VP of Global Finance & Strategy at Estée Lauder Companies.

The appointment follows Elizabeth Lorber's interim CFO role since February 2025. As part of the compensation package, the company issued 750,000 options and 650,000 RSUs at a strike price of 0.41 cents CDN, along with 545,000 DSUs for Board Members, representing just over 1% of fully diluted ownership.

MiniLuxe (MNLXF) has been awarded the prestigious Best of Boston 2025 Award for Best Manicure and Pedicure Services by Boston Magazine. The company, which has received this recognition multiple times since its founding, was highlighted for its spring nail art competition, collaboration with celebrity nail artist Britney Tokyo, and its first franchise location in Brookline.

As a Delaware-based corporation headquartered in Boston, MiniLuxe operates as a lifestyle brand and talent empowerment platform in the beauty and self-care industry. The company has performed over 4 million services since inception, focusing on delivering high-quality nail care and esthetic services while maintaining elevated industry standards through healthier, ultra-hygienic practices and cleaner products.

MiniLuxe (MNLXF) reported strong Q1 2025 financial results with revenue growing 9% YoY to $6.1M and gross profit increasing 12% to $2.5M. The company's gross margin improved from 40% to 41% YoY. While operating loss was ($2M), slightly higher than Q1 2024's ($1.8M), Fleet 4-wall adjusted EBITDA nearly tripled to $700k. Cash position strengthened to $7.2M, up $5M from Q1 2024. The company's first franchise location achieved profitability within 6 months, growing 25% in Q1's second half. Key achievements include a 10% growth in talent revenue to $6.08M and improved cash flow from operations, with cash burn reducing to ($1.2M) from ($1.9M) in Q1 2024. The company successfully extinguished all convertible debt and raised approximately $5M in additional funding to support strategic initiatives.

MiniLuxe reported strong financial results for FY2024, with significant improvements across key metrics. The company achieved a remarkable 360% year-over-year increase in store-level profitability and reduced SG&A to under 16% of revenue.

Key highlights include:

• Record revenue of $26.1M, up 6% from 2023
• Adjusted EBITDA losses cut by more than half to -$4.0M
• Operating cash burn improved to -$2M from -$7M in 2023
• Year-end cash position improved to $4M

The company expanded through strategic partnerships, including its first joint venture in Atlanta and franchise partner in Brookline, MA. Notable operational achievements include 87% nail designer retention and strong customer loyalty, with 88% repeat customers. Despite early 2025 challenges from LA wildfires and US tariffs, MiniLuxe secured additional funding of $5.067M through private placement and successfully converted all remaining convertible notes.