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The latest update is out from Mene ( (TSE:MENE) ).
Menē Inc. reported a decrease in revenue for the second quarter of 2025, with a 13% year-over-year decline to $5.6 million. Despite the drop in revenue, the company maintained a consistent gross profit margin of 27%. The company sold 42 kilograms of jewelry, amounting to 4,107 units, and introduced 30 new product designs. Sales to returning customers accounted for 69% of total sales, indicating strong customer loyalty. The company has successfully reduced distribution costs by approximately 45%, resulting in significant savings. Menē aims to focus on sustained revenue growth in its core market, the USA, by increasing the number of orders and new customers.
Spark’s Take on TSE:MENE Stock
According to Spark, TipRanks’ AI Analyst, TSE:MENE is a Neutral.
Mene’s stock score is primarily influenced by its strong revenue growth and strategic initiatives, as highlighted in recent corporate events. However, financial performance challenges, particularly in profitability and cash flow management, weigh down the score. Technical indicators show moderate bullish momentum, but valuation concerns due to negative earnings and lack of dividends further impact the overall score.
To see Spark’s full report on TSE:MENE stock, click here.
More about Mene
Menē Inc. is an online brand specializing in 24 karat jewelry. The company focuses on providing luxury jewelry products and has a significant market presence in the United States.
Average Trading Volume: 27,990
Technical Sentiment Signal: Hold
Current Market Cap: C$44.25M
See more data about MENE stock on TipRanks’ Stock Analysis page.