Mene Inc. (V:MENE)
Business Focus: Jewelry
| Sector: Consumer Cyclicals | Industry: Apparel & Accessories |
| Company Contact | |
| Address: | 334 Adelaide Street West, Suite 307 TORONTO ON M5V 1R4 |
| Tel: | N/A |
| Website: | https://mene.com |
| IR: | See website |
| Key People | ||
| Roy Sebag Executive Chairman of the Board | Vincent Gladu President, Chief Executive Officer | Gavin Johnson Chief Financial Officer |
| Business Overview |
| Mene Inc. is a Canada-based company, which crafts 24 karat gold and platinum jewelry that is sold by gram weight. The Company designs, manufactures, and markets 24 karat gold and platinum jewelry under the brand name Mene. The Company retails its jewelry by gram weight direct-to-consumer through an online shopping experience. Its jewelry is crafted from gold and platinum, which is sourced from gold mines in Nevada, United States and Ontario, Canada. Its gold carries the coveted London Bullion Market's Responsible Sourcing Certification. The Company provides bracelets, chains, earrings, medallions, pendants, rings, personal touch and precious objects. It has sold jewelry to customers in 50 States in the United States, 10 Canadian provinces, and approximately 60 countries, all without a single physical store. |
| Financial Overview |
| For the nine months ended 30 September 2023, Mene Inc revenues decreased 10% to C$16.4M. Net loss increased 32% to C$588K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Design and Manfacturing of 24karat Gold and Jewellery segment loss increase from C$331K to C$692K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $31.21M as of Sep 30, 2023 |
| Annual revenue (TTM): | $25.09M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.32M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.61M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$1.43M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $3.47M as of Sep 30, 2023 |
| Shares outstanding: | 259,830,913 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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