Business
Mene Inc. Reports Financial Results for the First Quarter 2025
Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company ...
About this update from Mene, Inc. Class B
[{"type":"text","content":"Mene Inc. Reports Financial Results for the First Quarter 2025\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl1 { padding-left: 5px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth36 { width: 36% }\n.bwwidth8 { width: 8% }\n \n\n\n\n Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, today announced financial results for the first quarter ended March 31, 2025. All amounts expressed herein reflect Canadian dollars unless otherwise noted.\n \n\n\n FINANCIAL HIGHLIGHTS\n \n\n\n\n IFRS Revenue of $7.3 million, an increase of $2.5 million (52%) Year-over-Year (“YoY”).\n \n\n Gross Profit of $1.7 million, with a consistent gross profit margin of 23% YoY.\n \n\n Total comprehensive loss of $0.2 million during the quarter, a significant improvement of $0.5 million YoY.\n \n\n Total metal weight of 45 kilograms was sold during the quarter, consisting of 4,336 units of jewelry.\n \n\n\n\n OPERATIONAL HIGHLIGHTS\n \n\n\n\n Introduced 12 new product designs during the quarter.\n \n\n Sales to Returning Customers accounted for 68% of total sales during the quarter.\n \n\n Cumulative units of jewelry sold reached 185,000 as of quarter end.\n \n\n Featured in 1,200-word\n \n Forbes\n \n article,\n \n Air Mail\n \n editorial with Diana W. Picasso as Guest Editor.\n \n\n Registered over 44,000 independent customer reviews on\n \n mene.com/reviews\n \n since inception.\n \n\n\n\n\n\n\n IFRS Consolidated Income\n \n Statement Data &\n \n Key Performance Indicators (KPIs)\n \n 1\n \n\n\n\n\n\n\n FY 2025\n \n\n\n\n\n\n ...