The bond market is now pricing in the near certainty of a recession, induced by the Federal Reserve, that already is here or on the way shortly. The three-month Treasury yield now sits some 86 basis points ahead of the 10-year, a level not seen since at least the early 1980s. Such “inversions” have presaged every recession during that period. A basis point is one one-hundredth of a percentage point.
One small cap that we would like to draw your attention to is Maison Luxe, Inc. (OTC US: MASN). As per yahoo finance (1), 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.
Maison Luxe, Inc. (OTC US: MASN) announced a new purchase order agreement with Signet International Group, a leading player in marketing and distributing luxury branded products, whereby Maison Luxe will partner with Signet in the sale and distribution of another $250,000 in luxury timepieces (1).
Anil Idnani, CEO and Founder of Maison Luxe, commented, “We continue to find tremendous value in our affiliation with Signet. Signet is an important player in the cruise ship travel industry and has strong relationships with cruise partners such as Princess Cruises and Harding. Signet has been a powerful partner and a consistent source of revenues for Maison Luxe. Relationships like this one provide a key piece of the puzzle as we strive to build a strong mix of sales channels going forward.” The Agreement follows prior purchase orders agreements reached over the past two years between the Company and Signet. According to the Agreement, Maison Luxe will provide purchase financing for Signet, which will confer to Maison Luxe’s bottom line sales through Signet’s established end market relationships.
On November 17th, Maison Luxe (OTC: MASN) 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 (2).
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.
MASN had also recently launched the Luxury Sneaker division, Kicks on Demand, which has exceeded Company sales expectations with more than $50,000 in sales during its initial test run. The Company previously announced its plan to enter the secondary market for luxury sneakers, which according to Business Insider is projected to reach an estimated $30 billion globally by 2030, as a complement to its luxury timepiece operations (2).
MASN stock is trading at a mere $0.0044 with a 52-week high of 15 cents suggesting a significant upside potential. With all the recent developments and increases in revenues, could this stock turn out to be a sleeping giant ready to be awakened? Start your due diligence now and as always follow traders’ vigilance.
Other stocks taking centerstage include Prometheus Biosciences Inc (NASDAQ:RXDX), Transcode Therapeutics Inc (NASDAQ:RNAZ), Summit Therapeutics Inc (NASDAQ:SMMT), Exxon Mobil Corp (NYSE: XOM) Merck & Co Inc (NYSE: MRK) and Pfizer Inc (NYSE:PFE)
For more info on MASN, Watch this Video NOW
Video Link: https://www.youtube.com/embed/nj7isFx4uI0
Source 1. https://finance.yahoo.com/news/maison-luxe-announces-additional-250-130000434.html
Source 2: https://finance.yahoo.com/news/maison-luxe-reports-revenues-approximately-154300001.html
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