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MiniLuxe Second-Quarter Loss Narrows on Revenue Gains

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MiniLuxe Second-Quarter Loss Narrows on Revenue Gains

Aug 19, 2024 2:49 PM

05:32 PM EDT, 08/19/2024 (MT Newswires) -- MiniLuxe Holding ( MNLXF ) said after trade Monday its second-quarter loss narrowed on higher revenue.

The company said it lost US$2.08 million, or US$0.01 per share, in the period, compared with a loss of US$2.97 million, or US$0.02, in the year-prior quarter.

Revenue rose 8.5% to US$6.93 million from US$6.39 million

"The market for nail care and related self-care services remains as large and robust as ever," says Chief Executive Officer Tony Tjan. "Our team seeks to win in this market by remaining laser-focused on the set of strategic and executional priorities that can accelerate gross profit and overall studio contribution. With our strongest unit economics in our history, this quarter also saw us advancing on our franchise, M&A, and corporate development initiatives."

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