Maison Luxe Reports Revenues of Approximately $3.7 Million for the Quarter Ended September 30, 2022 as Compared to Approximately $2.7 Million for the Quarter Ended September 30, 2021, an increase of over 35%
November 17 2022 - 8:19AM
InvestorsHub NewsWire
Fort Lee, NJ -- November 17, 2022 -- InvestorsHub NewsWire
-- Maison Luxe, Inc. (OTC:
MASN) (“Maison Luxe” or the “Company”), an emerging leader in
the global custom luxury goods marketplace, reported revenues for
the quarter ending September 30, 2022 of $3,711,167 compared to
revenues of $2,713,405 for the quarter ending September 30, 2021,
representing an increase of over 35%. Net loss for the period was
$958,699 as compared to a loss of $1,386,573 in the year ago
period. The financial statement can be viewed in its entirety
at OTC
Markets.
Anil Idnani, CEO of Maison Luxe, stated, “We are pleased with
the sustained revenue growth at Maison Luxe. We continue to build
our operations and new product lines, such as our Kicks On Demand
division, in order to diversify our product mix and increase our
footprint in the luxury goods marketplace. We are looking forward
to the upcoming holiday period, historically our busiest and most
successful time of year.”
Due to its new retail outlets and partnerships, as well as the
upcoming Caribbean cruise travel season, the Company is looking to
increase revenues for the holiday period.
ABOUT MAISON LUXE
Maison Luxe offers luxury retail consumer items. The Company
operates as a niche high-end luxury goods retailer, helping
interested consumers obtain rare luxury items that may otherwise
not be reliably available due to the nature of the luxury retail
marketplace. The Company focuses its efforts primarily within the
fine timepiece and jewelry segments, both on a wholesale and B2C
(business-to-consumer) basis. The Company also owns its Amani
Jewelers subsidiary, which operates in the jewelry marketplace,
with a strategic focus on the rapidly growing lab-grown diamonds
market. In addition, Maison Luxe holds a significant investment
position in Aether Diamonds, which was founded in 2020 as the
world's first known captured carbon lab-grown diamond producer.
FORWARD-LOOKING STATEMENTS:
This release contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements also may be included in other publicly available
documents issued by the Company and in oral statements made by our
officers and representatives from time to time. These
forward-looking statements are intended to provide management's
current expectations or plans for our future operating and
financial performance, based on assumptions currently believed to
be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward-looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance. Because forward-looking
statements relate to the future, they are subject to inherent
risks, uncertainties and other factors that may cause the Company's
actual results and financial condition to differ materially from
those expressed or implied in the forward-looking statements. Such
risks, uncertainties and other factors include, among others. such
as, but not limited to economic conditions, changes in the laws or
regulations, demand for products and services of the company, the
effects of competition and other factors that could cause actual
results to differ materially from those projected or represented in
the forward-looking statements. Any forward-looking information
provided in this release should be considered with these factors in
mind. We assume no obligation to update any forward-looking
statements contained in this report.
Corporate Contact:
www.maisonluxeny.com
info@maisonluxeny.com
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