Q: With very low expectations for MENE were these "ok" Q3 results? Turned a corner or one off boost because gold is at all time highs?
5i Research Answer:
MENE has no analysts thus no estimates; Revenue rose 10% to $5.9M. Gross margin was stable at 30%. Repeat customers were 73% of sales. Net income and EBITDA did fall year over year. Orders decreased by 8% but order value increased 32%, which does imply that higher prices were the main driving factor in the quarter. "OK" is probably the right description here. Nothing too exciting. The stock is up 50% YTD but remains quite small and risky overall.