MENE INC. REPORTS Q4 2018 PRELIMINARY KEY PERFORMANCE INDICATORS
Mene just reported financial results and it’s a doozy.
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For the full results see here: https://mene.com/world-of-mene/investor-relations/mene-inc-reports-q4-2018-preliminary-key-performance-indicators
This is what ARG looks like:
No not THAT kind of ARG! I’m talking about Accelerated Revenue growth:
Here is a breakdown of the numbers:
Quarterly Highlights
• Number of customer orders reached 6,729 in Q4 2018, an increase of 68% Quarter over Quarter (“QoQ”)
• Total Revenue was $3.4 million in Q4 2018, an increase of 71% QoQ
• Gross Margin was 25% in Q4 2018, an increase of 69% QoQ
• Number of jewelry units sold was 9,110 an increase of 47% QoQ
• Gross Profit of $0.9 million, an increase of 300% QoQ
• Inventory level of 244 Gold Equivalent Kilograms an increase of 80% QoQ
• Total Shareholders’ Equity of $21.1 million an increase of 109% QoQ
• As at February 20, 2019, 1,180 waitlist orders placed by customers, valued at approximately $1.6 million. Refer to Non-IFRS measures for a definition of waitlist orders.
^If that looks good to you, it’s because it is!
Finally, lets get some color from Mene founder and CEO Roy Sebag:
Statement from Roy Sebag, Menē Chairman and Chief Executive Officer
“It is truly a pleasure to be witnessing the growth of this exquisite company and seeing my vision for Menē become a reality with each passing day. Our numbers for Q4 exceeded all my estimates or projections and culminate in an incredible first year. The likes of which few direct-to-consumer fashion or jewelry brands have ever witnessed.
Menē is growing organically through word of mouth and by establishing thousands of global customer relationships.
A jewelry brand that sold 9,110 pieces of jewelry generating $3.4 million of revenue over a 90-day period entirely online with not one physical location. Our customer satisfaction rates are superb having registered over 5,000 independent 5 star reviews on our website which in turn is leading towards significant repeat activity (about 35% of all sales). While being only a year old, our brand value is growing rapidly both in recognition and prestige. The most important metric to focus on in Q4 was the noticeable increase in gross margin from 15% to 25%. This increase in profitability was achieved while growing revenue by 71% and significantly reducing our marketing activities. When our audited financials are released in March 2019, I believe we will have a break-even or small loss on a Non-IFRS adjusted basis. This speaks to the profitability inherent to the Menē business model and one which has barely scratched the surface of its potential. Another important point to mention is that our 244 KG of inventory at year end (an 80% increase QoQ) has a significant unrealized gain deriving from the precious metal appreciation over the last few weeks. This means that our margin in Q1 2019 shall likely be equal to or higher than Q4 2018. Our shareholder equity position is strong, and we are fully funded to execute on our growth plans in 2019 and beyond. We look forward to reporting our audited financial results in March 2019 as well as our Q1 2019 results when the reporting period is over. We would like to thank all of your hard-working employees and the support of our customers and shareholders. These are the early days in what is going to be a long-term journey to make Menē a dominant force within the global jewelry industry. “
I think my favorite part of this statement is where he talks about the organic growth through word of mouth the Company is receiving.
THATS YOU STEEMIANS!
^ I am delighted every day I am able to write the Mene Daily Recap where I recap all the Mene activity here on Steemit that happens DAILY.
Here is an example of a Dtube video by @originalmrspice that was made just this morning:
https://steemit.com/dtube/@originalmrspice/frke4u0d
Thanks Steemit for being a part of Mene having such a blowout quarter! Another example of the power of the steem blochain :)
Be sure to check out the brand new 24k charms just in from Mene !
https://steemit.com/mene/@goldmatters/new-24-karat-charms-galore-at-mene-check-them-out
Earn $5 in Mene credit for signing up for Mene with this invite link:
Investor Presentation: https://mene.com/investors/docs/Investor_Presentation.pdf
Earn $5 in Mene credit for signing up for Mene with this invite link:
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
Sign up for steemmonsters: https://steemmonsters.com/?ref=goldmatters
Jewelry Worth It’s Weight in Gold:
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney\Mene allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
See Steemians unbox Mene:
Beautiful indications sir! All signs point to Gold
Change name to #alphamene ?
at 10k :-)