Business
MINILUXE REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2025
Reported figures all in U.S. Dollars Boston, MA, May 29, 2025 (GLOBE NEWSWIRE) -- M...
About this update from Miniluxe Holding Corp.
[{"type":"text","content":"MINILUXE REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2025Announces Strong and Continued Revenue and Gross Profit Growth\n\n\n\n\n Reported figures all in U.S. Dollars\n \n\n\n\n\n\n Boston, MA, May 29, 2025 (GLOBE NEWSWIRE) --\n \n MiniLuxe Holding Corp. (TSXV: MNLX) today announced its financial results for the 13 weeks ended March 30, 2025 (\"Q1 2025\"). The fiscal year of MiniLuxe is a 52-week reporting cycle ending on Sunday closest to December 31, which periodically necessitates a fiscal year of 53 weeks; fiscal years referred to in this release consist of 52-week periods. Unless otherwise specified, all amounts are reported in U.S. dollars.\n \n\n MiniLuxe continued its momentum with year-over-year growth as Q1 2025 revenue increased 9% over Q1 2024 at $6.1M and gross profit of $2.5M, representing a 12% increase from Q1 2024. The Company focuses on gross profit margin expansion and earnings before interest, tax, depreciation and amortization (EBITDA) growth as key success indicators towards long-term profitability. The first quarter is traditionally the lowest relative revenue period for the Company and highest level of cash use due to the seasonality of the business. In Q1 2025, the Company’s operating loss was ($2M) slightly higher than ($1.8M) in Q1 2024, primarily driven by one-time spend increases in professional services, and stock-based compensation expenses. Taking out non-cash items such as stock-based compensation, adjusted EBITDA for total company (inclusive of all overhead) came in for Q1 2025 at ~($1.6M) while YoY Fleet 4-wall adjusted EBITDA nearly tripled to positive $700k.\n \n\n\n Key 2025 Strategic Pillars\n \n\n\n Through Q1 2025 the Company continued its execution focus on three strategic pillars:\n \n\n\n\n Drive growth through operating partners and franchise partners\n \n - Continued expansion of the Company's talent revenue base, which grew by 10% year-over-year to $6.08M, reflecting the success of MiniLuxe's operating model and growing appeal to partners. In the first quarter of operation, MiniLuxe’s first franchise location grew 25% in the second half of Q1 when compared to the first half – demonstrating the power of the brand to attract and capture demand.\n \n\n\n Accelerate overall studio-level profitability growth\n \n - Fleet Adjusted EBITDA increased approximately...