Menē Inc. Achieves 52% Revenue Growth in Q1 2025

Mene ( (TSE:MENE) ) just unveiled an update.

Menē Inc. reported a significant 52% increase in revenue for the first quarter of 2025, reaching $7.3 million. Despite a slight decrease in the number of orders, the company improved its comprehensive loss and maintained a steady gross profit margin. Menē introduced new product designs and focused on retaining customers, with 68% of sales coming from returning buyers. The company plans to enhance its market presence through strategic PR activities, partnerships, and personalized customer experiences to drive sustainable growth.

Spark’s Take on TSE:MENE Stock

According to Spark, TipRanks’ AI Analyst, TSE:MENE is a Neutral.

Mene’s overall stock score is primarily influenced by its financial challenges, including negative profitability and cash flow issues. Technical analysis suggests neutral to bearish momentum, while valuation remains unattractive due to net losses. However, corporate events provide some optimism with revenue growth and strategic collaborations.

To see Spark’s full report on TSE:MENE stock, click here.

More about Mene

Menē Inc. is an online jewelry brand specializing in 24 karat gold pieces. The company focuses on the luxury market, offering a range of jewelry products and aiming to expand its presence in the USA.

Average Trading Volume: 35,515

Technical Sentiment Signal: Sell

Current Market Cap: C$35.14M

Learn more about MENE stock on TipRanks’ Stock Analysis page.