{"id":407344,"date":"2021-01-04T07:33:32","date_gmt":"2021-01-04T12:33:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407344"},"modified":"2021-01-04T07:33:32","modified_gmt":"2021-01-04T12:33:32","slug":"mene-inc-reports-preliminary-key-performance-indicators-for-fourth-quarter-and-fiscal-year-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mene-inc-reports-preliminary-key-performance-indicators-for-fourth-quarter-and-fiscal-year-2020\/","title":{"rendered":"Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside; }\n.bwalignl { text-align: left; }\n.bwblockalignl { margin-left: 0px; margin-right: auto; }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px}\n.bwleftsingle { border-left: solid black 1.0pt}\n.bwlistdisc { list-style-type: disc; }\n.bwpadl0 { padding-left: 0.0px; }\n.bwpadl5 { padding-left: 25.0px; }\n.bwpadr0 { padding-right: 0.0px; }\n.bwrightsingle { border-right: solid black 1.0pt}\n.bwsinglebottom { border-bottom: solid black 1.0pt}\n.bwtablemarginb { margin-bottom: 10.0px; }\n.bwtopsingle { border-top: solid black 1.0pt}\n.bwvertalignb { vertical-align: bottom; }\n.bwvertalignm { vertical-align: middle; }\n.bwvertalignt { vertical-align: top; }\n.bwwidth100 { width: 100%; } \n.bwwidth20 { width: 20%; } \n.bwwidth8 { width: 8%; }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMen\u0113 Inc. (TSX-V:MENE) (US:MENEF) (\u201cMen\u0113\u201d or the \u201cCompany\u201d), an online 24 karat jewelry brand, today announced preliminary Key Performance Indicators (\u201cKPIs\u201d) for the fiscal year ended December 31, 2020. All financial figures herein are unaudited, and the Company intends to report its audited 2020 fiscal year-end financial results in April 2021. All amounts expressed herein reflect Canadian dollars unless otherwise noted.\n<\/p>\n<p><b>FOURTH QUARTER FINANCIAL HIGHLIGHTS:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRecord Revenue of $7.3 million, an increase of 58% Year-over-Year (\u201cYoY\u201d).\n<\/li>\n<li>\nSold 8,453 Units of Jewelry through 5,474 Customer Orders during the quarter, an increase of 17% and 20% respectively YoY.\n<\/li>\n<li>\nAverage Order Value of $1,559, an increase of 30% YoY.\n<\/li>\n<\/ul>\n<p><b>2020 FISCAL YEAR FINANCIAL HIGHLIGHTS:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRecord Annual Revenue of $21.3 million in Fiscal Year 2020, an increase of 64% YoY.\n<\/li>\n<li>\nSold 25,967 Units of Jewelry through 15,885 Customer Orders during the fiscal year.\n<\/li>\n<li>\nAverage Order Value of $1,530, an increase of 63% YoY.\n<\/li>\n<\/ul>\n<p><b>OPERATIONAL HIGHLIGHTS IN 2020: <\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nIntroduced 180 new products over the course of 2020, including 50 new designs in Q4.\n<\/li>\n<li>\nLaunched four new product collections: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fworld-of-mene%2Finside-mene%2Frediscover-time-in-24k&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=Sundials&amp;index=1&amp;md5=40cb4360fcf75eae5b401bca2a6f92d2\">Sundials<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fsaints%2Fgold&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=Saints&amp;index=2&amp;md5=c1a0721977e4a6fde3bd0c2532f9817c\">Saints<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fzodiacs%2Fgold&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=Zodiacs&amp;index=3&amp;md5=a03c96b6ccad54f2477bc615d10c547c\">Zodiacs<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fworld-of-mene%2Finside-mene%2Fintroducing-rope-collection&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=Rope&amp;index=4&amp;md5=6c54631b22a8a41484b064ffd51774f2\">Rope<\/a>.\n<\/li>\n<li>\nSales to Returning Customers attributed to 69% of total sales in 2020, compared to 61% in 2019.\n<\/li>\n<li>\nCumulative units of jewelry sold reached 72,900 as of year-end.\n<\/li>\n<li>\nOutstanding Customer Order Waitlist of approximately $4.3 million as of December 31, 2020.\n<\/li>\n<li>\nFeatured in <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.elle.com%2Ffashion%2Fa22840502%2Ffine-jewelry-shopping-online%2F&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=ELLE+Magazine&amp;index=5&amp;md5=e4d23f56652c6d287d492b3e52c6aea1\">ELLE Magazine<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fworld-of-mene%2Fpress-and-media%2Fmene-featured-in-vogue-arabia&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=Vogue+Arabia&amp;index=6&amp;md5=6826778914061623fec6795cb941b7a3\">Vogue Arabia<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fworld-of-mene%2Fpress-and-media%2Funtitled&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=ELLE+France&amp;index=7&amp;md5=01b0682dfcc36e5f497ea7fee8fd0db3\">ELLE France<\/a>.\n<\/li>\n<li>\nRegistered nearly 20,000 independent customer reviews on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Freviews&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=mene.com%2Freviews&amp;index=8&amp;md5=f33ee50fd35e2a3f71809c92d1ee07bb\">mene.com\/reviews<\/a>.\n<\/li>\n<li>\nUnveiled \u201c<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2Fabout%2Fstats&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=Men%26%23275%3B+Around+the+World&amp;index=9&amp;md5=1f968e15e7870949272be6a233347af5\">Men\u0113 Around the World<\/a>\u201d, a web-based tool that transparently illustrates the growth of the Men\u0113 community across the globe. Men\u0113 has sold to more than 60 countries, including to customers in every Canadian province and U.S. state.\n<\/li>\n<\/ul>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td rowspan=\"2\" class=\"bwalignl bwvertalignt bwsinglebottom bwleftsingle bwpadl0 bwwidth20 bwtopsingle\" colspan=\"1\"><b>Preliminary Key Performance<br \/>Indicators<\/b><\/td>\n<td colspan=\"5\" class=\"bwalignc bwvertalignm bwtopsingle bwleftsingle bwrightsingle bwpadl0 bwsinglebottom\" rowspan=\"1\"><b>FY 2020<\/b><\/td>\n<td colspan=\"5\" class=\"bwalignc bwvertalignm bwtopsingle bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\"><b>FY 2019<\/b><\/td>\n<\/tr>\n<tr>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Total<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q4\u00a0<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q3<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q2<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q1<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Total<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q4<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q3<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q2<\/b><\/td>\n<td class=\"bwalignc bwvertalignm bwsinglebottom bwrightsingle bwpadl0 bwwidth8\" rowspan=\"1\" colspan=\"1\"><b>Q1<\/b><\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignm bwsinglebottom bwleftsingle bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">Revenue (CAD) <sup>2<\/sup><\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n21,360,553\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n7,341,201\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,423,320\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,439,038\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,156,994\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n13,062,408\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4,653,601\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,218,281\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,456,930\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,733,596\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignm bwleftsingle bwpadl0 bwsinglebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">Customer orders<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n15,885\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,474\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,464\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,790\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4,157\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n17,150\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4,548\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,998\n<\/p>\n<\/td>\n<td class=\"bwalignc bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,167\n<\/p>\n<\/td>\n<td class=\"bwalignc bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4,437\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignm bwleftsingle bwpadl0 bwsinglebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">Units of jewelry sold<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n25,967\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n8,453\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,958\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4,915\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n6,641\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n27,754\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n7,225\n<\/p>\n<\/td>\n<td class=\"bwalignc bwleftsingle bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,164\n<\/p>\n<\/td>\n<td class=\"bwalignc bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n7,183\n<\/p>\n<\/td>\n<td class=\"bwalignc bwrightsingle bwpadl0 bwsinglebottom bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n8,182\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignm bwsinglebottom bwleftsingle bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">Jewelry weight sold (total kg)<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n239\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n75\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n56\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n39\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n69\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n195\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n65\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n44\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n42\n<\/p>\n<\/td>\n<td class=\"bwalignc bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth8\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n43\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" class=\"bwpadl5\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\n(1) The Company\u2019s financial statements for fiscal year 2019 are audited by an external assurance firm. The figures for fiscal year 2020 are unaudited. The figures for Q4 2020 are preliminary.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>STATEMENT FROM FOUNDER &amp; CEO ROY SEBAG: <\/b><\/p>\n<p>\nAs we have anticipated, Men\u0113 finished fiscal 2020 on a strong note. We felt this impressive performance warranted an update to our shareholders given the next reporting date is months away. Please keep in mind these are flash numbers. While we are confident these figures are conservatively accurate, they may still be subject to revision. Men\u0113 continues to solidify its position as a sustainable jewelry business with a growing network effect. The company is now focused on 2021 with the next important milestone being the launch of the pre-sale system. I would like to thank our customers and team-members for making our third year in business a fantastic one and we hope to deliver another solid year of growth for our stakeholders in 2021.\n<\/p>\n<p><b>About Men\u0113 Inc.<\/b><\/p>\n<p>\nMen\u0113 crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Men\u0113 was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to restore the relationship between jewelry and savings. Men\u0113 empowers consumers by marrying innovative technology, timeless design, and pure precious metals to create pieces which endure as a store of value.\n<\/p>\n<p>\nFor more information about Men\u0113, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmene.com%2F&amp;esheet=52355303&amp;newsitemid=20210104005140&amp;lan=en-US&amp;anchor=mene.com&amp;index=10&amp;md5=bcdeab28c08c15ae2918644fee68b840\">mene.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p><i>This news release contains certain \u201cforward-looking information\u201d within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as \u201cexpects\u201d, or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, \u201cplans\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cforecasts\u201d, \u201cestimates\u201d, \u201cbelieves\u201d or \u201cintends\u201d or variations of such words and phrases or stating that certain actions, events or results \u201cmay\u201d or \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill\u201d be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.<\/i><\/p>\n<p><i>This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: confirmation of FY2020 financial information upon completion of the audit of these financial statements; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 and other infectious diseases presenting as major health issues on the price of precious metals, capital market conditions, restriction on labour and international travel and supply chains; failure to comply with environmental and health and safety laws and regulations; operating or technical difficulties in connection with the manufacture, sale and distribution of jewelry; actual audited results differing from reported unaudited results; global economic climate; dilution of the Company\u2019s shares; the Company\u2019s limited operating history; future capital needs and uncertainty of raising capital; the competitive nature of the jewelry industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology and manufacturing change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.<\/i><\/p>\n<p><i>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release<\/i>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005140r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210104005140\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210104005140\/en\/<\/a><\/span><\/p>\n<p><b>Media and Investor Relations Inquiries:<\/b><\/p>\n<p>\nRenee Wei<br \/>\n<br \/>Head of Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@mene.com\">ir@mene.com<\/a><\/p>\n<p>\nAdil Sheikh<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>Men\u0113 Inc.<br \/>\n<br \/>+1 647 250 7221\n<\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Fashion Online Retail Retail Other Retail Department Stores Specialty<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210104005140\/en\/849774\/3\/mene-brand-yellow_viewimage.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020 TORONTO&#8211;(BUSINESS WIRE)&#8211; Men\u0113 Inc. (TSX-V:MENE) (US:MENEF) (\u201cMen\u0113\u201d or the \u201cCompany\u201d), an online 24 karat jewelry brand, today announced preliminary Key Performance Indicators (\u201cKPIs\u201d) for the fiscal year ended December 31, 2020. All financial figures herein are unaudited, and the Company intends to report its audited 2020 fiscal year-end financial results in April 2021. All amounts expressed herein reflect Canadian dollars unless otherwise noted. FOURTH QUARTER FINANCIAL HIGHLIGHTS: Record Revenue of $7.3 million, an increase of 58% Year-over-Year (\u201cYoY\u201d). Sold 8,453 Units of Jewelry through 5,474 Customer Orders during the quarter, an increase of 17% and 20% respectively YoY. Average Order Value of $1,559, an increase of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mene-inc-reports-preliminary-key-performance-indicators-for-fourth-quarter-and-fiscal-year-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407344","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mene-inc-reports-preliminary-key-performance-indicators-for-fourth-quarter-and-fiscal-year-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Mene Inc. Reports Preliminary Key Performance Indicators for Fourth Quarter and Fiscal Year 2020 TORONTO&#8211;(BUSINESS WIRE)&#8211; Men\u0113 Inc. (TSX-V:MENE) (US:MENEF) (\u201cMen\u0113\u201d or the \u201cCompany\u201d), an online 24 karat jewelry brand, today announced preliminary Key Performance Indicators (\u201cKPIs\u201d) for the fiscal year ended December 31, 2020. All financial figures herein are unaudited, and the Company intends to report its audited 2020 fiscal year-end financial results in April 2021. All amounts expressed herein reflect Canadian dollars unless otherwise noted. FOURTH QUARTER FINANCIAL HIGHLIGHTS: Record Revenue of $7.3 million, an increase of 58% Year-over-Year (\u201cYoY\u201d). Sold 8,453 Units of Jewelry through 5,474 Customer Orders during the quarter, an increase of 17% and 20% respectively YoY. Average Order Value of $1,559, an increase of &hellip; Continue reading &quot;Mene Inc. 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All financial figures herein are unaudited, and the Company intends to report its audited 2020 fiscal year-end financial results in April 2021. All amounts expressed herein reflect Canadian dollars unless otherwise noted. FOURTH QUARTER FINANCIAL HIGHLIGHTS: Record Revenue of $7.3 million, an increase of 58% Year-over-Year (\u201cYoY\u201d). Sold 8,453 Units of Jewelry through 5,474 Customer Orders during the quarter, an increase of 17% and 20% respectively YoY. Average Order Value of $1,559, an increase of &hellip; Continue reading \"Mene Inc. 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