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Tuesday, November 29, 2022

Maison Luxe Inc (OTCMKTS: MASN) on the Move Northbound as Luxury Retailer Reports Fast Growing Revenues

Maison Luxe Inc (OTCMKTS: MASN) is running steadily northbound since reversing off $0.0026 lows reached in September. The stock got a boost on Tuesday after the Company announced it anticipates sequential revenue growth from approximately $1.5 million for the quarter ending June 30, 2022 to in excess of $3.5 million for the quarter ending September 30, 2022, an increase of more than 130%. Quarterly financials are expected to be released by November 15, 2022 and can be viewed at OTC Markets.  

Since acquiring Maison Luxe in early 2020, the Company has undergone a wholesale management and business model change and in April 2021 the Company changed its name and ticker symbol from CLKA to MASN. Maison Luxe has significantly expanded in the luxury goods space over the past 2 years, with new partnerships and contracts, and revenues have grown sharply. According to the Company’s OTCMarkets disclosure Maison Luxe did $17,635,898 for the year ended March 31, 2022 up from $5.2 million in 2021. 


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Maison Luxe Inc (OTCMKTS: MASN) 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 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. Company subsidiary Amani Jewelers operates 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 and only captured carbon lab-grown diamond producer. 

Earlier this year MASN partnered with Princess World Jewelers to retail a variety of luxury timepieces in their various brick and motor showrooms. Anchoring many luxury brand companies and fine jewelry, Princess World Jewelers has been an instrumental part of their local business community, servicing the estimated 2 million out-of-state visitors annually just in Alaska alone. According to the CLIA, “Some 58% of the 2 million out-of-state visitors in the summer of 2018 came to Alaska via a cruise ship. Direct visitor spending totals nearly $2.2 billion annually, excluding fares paid to travel (air, cruises, etc.).” 

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MASN

On October 18 MASN reported it anticipates sequential revenue growth from approximately $1.5 million for the quarter ending June 30, 2022 to in excess of $3.5 million for the quarter ending September 30, 2022, an increase of more than 130%. Quarterly financials are expected to be released by November 15, 2022 and can be viewed at OTC Markets.  

Revenue in the Luxury Goods market is expected to exceed US $312.60 billion in 2022 and the market is expected to grow by 5.40% annually (CAGR 2022-2027). Maison Luxe’s current CAGR is projected to be greater than the industry average primarily due to execution of the Company’s business, sales and marketing plan which continues to nurture a growing pipeline of new and repeat customers. Maison Luxe offers excellent products, competitive pricing, on time deliveries and friendly and supportive customer service. 

Anil Idnani, CEO of Maison Luxe, stated, “We are pleased to announce our preliminary revenue numbers for the quarter ended September 30, 2022.  We continue to execute on our business plan and are pursuing new and complementary sources of revenue such as our recently announced luxury sneaker e-commerce division, Kicks on Demand.” 

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Currently trading at an under $1 million market valuation MASN is a low floater that is starting to get noticed by investors. MASN OS is 133,153,403 with 17.7 million shares in the float and a fairly healthy balance sheet with $3.5 million in assets vs. $4.5 million in liabilities. In 2020 the Company affected a 25,000 for 1 reverse stock split and on April 21, 2021 the ticker changed from CLKA to MASN. The stock has seen significant dilution which has decimated the share price to a sub $1 million valuation leading many speculators to see MASN has significantly oversold and undervalued at current levels. We will be updating MASN as events unfold so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in MASN either long or short and we have not been compensated for this article.

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