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An update from Mene ( (TSE:MENE) ) is now available.
Menē Inc. reported a 33% increase in fourth-quarter revenue to $9.1 million, with a gross profit margin of 31%, despite a comprehensive loss of $0.3 million. For the fiscal year 2024, the company achieved annual revenue of $25.8 million and introduced 75 new product designs, focusing on restructuring operations to become more agile and efficient, which included minimizing inventory and repatriating outsourced operations.
Spark’s Take on TSE:MENE Stock
According to Spark, TipRanks’ AI Analyst, TSE:MENE is a Neutral.
Mene’s stock score reflects its mixed financial performance, with some improvement in cash flows and a strong balance sheet, but persistent profitability challenges. Technical indicators suggest neutrality, while valuation is hindered by consistent losses.
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 North American market, particularly the USA, and aims to expand its international reach.
YTD Price Performance: 22.22%
Average Trading Volume: 37,122
Technical Sentiment Signal: Buy
Current Market Cap: $25.39M
See more insights into MENE stock on TipRanks’ Stock Analysis page.