- MiniLuxe (MNLXF, Financial) reported Q1 2025 revenue of $6.1M, a 9% increase year-over-year.
- Gross profit rose by 12% to $2.5M, with a gross margin improvement to 41%.
- The company strengthened its cash position to $7.2M, up $5M from Q1 2024.
MiniLuxe (MNLXF), a lifestyle brand in the beauty and self-care industry, announced strong financial results for the first quarter of 2025. The company's revenue grew by 9% year-over-year, reaching $6.1 million, while gross profit increased by 12% to $2.5 million. The improvement in gross margin, up from 40% to 41%, highlights the company's efficient cost management strategies.
Despite recording an operating loss of ($2 million), slightly higher than the ($1.8 million) loss in Q1 2024, MiniLuxe nearly tripled its Fleet 4-wall adjusted EBITDA to $700,000. This significant increase underscores the company's focus on enhancing studio-level profitability and operational efficiency.
The cash position of MiniLuxe saw a substantial increase, reaching $7.2 million. This is a $5 million improvement from the first quarter of 2024, providing a robust financial foundation for future growth initiatives. The company also successfully extinguished all convertible debt and raised approximately $5 million in additional funding to support its strategic objectives.
MiniLuxe's first franchise location demonstrated rapid success, achieving profitability within six months of operation. It recorded a 25% growth in the second half of Q1, testifying to the strength and appeal of the MiniLuxe brand in new markets.
These accomplishments reflect the company's strategic focus on expanding its talent revenue, which grew by 10% to $6.08 million. Moreover, improvements in cash flow from operations were noted, with a cash burn reduction to ($1.2 million) from ($1.9 million) in Q1 2024, further solidifying the company's operational resilience.
