MENE INC ORD - MENEF STOCK NEWS

Menē Inc. (TSX-V:MENE) (US:MENEF), an online 24 karat jewelry brand, has announced a change in its Chief Financial Officer position. Sean Ty has been appointed as the new CFO, replacing Gavin Johnson, who resigned for personal reasons. The change is effective immediately.

Mr. Ty brings a diverse background to the role. He began his career at Ernst and Young, working in the commercial real estate, technology, and financial services audit team. He has experience managing financial reporting, IFRS, and finance operations for several Canadian listed companies in the technology and natural resource sectors. Mr. Ty holds a Bachelor of Science Degree from the University of British Columbia and is a Chartered Professional Accountant.

The company expressed gratitude to Mr. Johnson for his dedicated service and extended a warm welcome to Mr. Ty in his new role.

Menē Inc. (TSX-V:MENE) (US:MENEF), an online 24 karat jewelry brand, has announced the cancellation and re-grant of 7,469,437 incentive stock options to its Chief Executive Officer. The stock options are for purchasing Class B subordinate voting shares under the company's incentive stock option plan. This action requires disinterested shareholder approval, which the company plans to seek at its next annual general and special meeting scheduled for October 10, 2024.

Subject to shareholder and TSX Venture Exchange approval, the stock options will be exercisable at $0.085 per Class B Share. They will vest in five tranches from 2024 to 2028, with approximately 1.49 million options vesting each year. The stock options have a ten-year term from the original grant date of September 7, 2023.

Menē Inc. (TSX-V:MENE) (US:MENEF), an online 24 karat jewelry brand, reported financial results for Q2 2024. Revenue increased 30% YoY to $6.5 million, with a gross profit of $1.7 million and a 26% margin. The company sold 58 kg of jewelry, totaling 5,799 units. Sales to returning customers accounted for 72% of total sales. Despite revenue growth, Menē reported a total comprehensive loss of $0.3 million, up $0.5 million YoY. The company introduced 22 new product designs and launched the Olympia collection. CEO Vincent Gladu emphasized focus on building a lasting brand and implementing operational changes for long-term, sustainable, and profitable growth.

Menē Inc. (TSX-V: MENE, US: MENEF), a 24 karat online jewelry brand, announced its Q1 2024 financial results. Revenue fell by 32% YoY to $4.8 million, and the company reported a gross profit of $1.1 million with a 24% margin. However, it experienced a comprehensive loss of $0.7 million, a $0.2 million increase YoY. Menē sold 45 kg of jewelry, totaling 4,979 units. Operationally, 13 new designs were launched, and 71% of sales came from returning customers. The company’s total gold held by customers surpassed CAD$100 million, and cumulative jewelry units sold reached 147,000.

Menē Inc. announces clients holding over CAD$100 million in gold jewelry, with a total of CAD$110 million in Menē jewelry. CEO Vincent Gladu expresses excitement over the milestone.

Menē Inc. (MENE) has announced the full repayment of its Precious Metal Loan facility owed to Goldmoney Inc., amounting to $9.7 million as of Fiscal Q3 2023. The company currently has no other indebtedness, positioning itself for a more modern and scalable operating model.

Mene Inc. (TSX-V:MENE) (US:MENEF) announced Q3 2023 financial results with $4.3 million in revenue, 15% YoY decrease, $0.9 million gross profit, and $0.7 million net loss. The company sold 45 kilograms of jewelry and introduced 10 new product designs. Vincent Gladu was named President & CEO, succeeding Roy Sebag.

Menē Inc. appoints Vincent Gladu as President & CEO, Roy Sebag transitions to Executive Chairman of the Board. Gladu brings 20 years of experience. Menē has generated $107,759,891 in revenue, sold 131,209 units of jewelry, and has over 37,000 positive reviews. Gladu granted 7,469,437 stock options and 3,000,000 restricted share units.

Menē Inc., an online 24 karat jewelry brand, reported financial results for Q2 2023. Revenue decreased by 15% YoY to $5.0 million. Gross profit margin increased to 30%. Operating income increased by $0.2 million YoY. Net income increased by $0.6 million YoY. Sold metal weight was 48 kg and 5,261 units of jewelry. The company introduced 7 new product designs and had 67% of total sales from returning customers. Cumulative units of jewelry sold reached 149,000. The company received positive reviews from independent customers.