MINILUXE REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2025

Core Insights - MiniLuxe Holding Corp. reported a 9% year-over-year revenue increase in Q1 2025, reaching $6.1 million, with gross profit rising 12% to $2.5 million [3][5] - The company aims for long-term profitability through gross profit margin expansion and EBITDA growth, despite an operating loss of $2 million in Q1 2025, slightly higher than the previous year's loss [3][5] Financial Performance - The adjusted EBITDA for Q1 2025 was approximately -$1.6 million, while Fleet adjusted EBITDA nearly tripled to $700,000 [3][6] - Cash flow used in operating activities improved by $700,000, totaling -$1.2 million in Q1 2025 compared to -$1.9 million in Q1 2024 [6] - Cash, cash equivalents, and restricted cash reached $7.2 million at the end of Q1 2025, an increase of $3.2 million from the end of FY24 [6] Strategic Focus - The company is focusing on three strategic pillars: driving growth through operating and franchise partners, accelerating studio-level profitability, and increasing fixed cost leverage and SG&A efficiency [4][6] - MiniLuxe's talent revenue base grew by 10% year-over-year to $6.08 million, reflecting the success of its operating model [6][7] Business Development - The Core Studio segment maintained a consistent growth trend, with service revenue increasing by $0.6 million, or 10%, over Q1 2024 [5][6] - The first franchise location in Brookline, Massachusetts, achieved profitability within its first six months of operation, demonstrating strong brand appeal [7][8] Management Commentary - The CEO highlighted the brand's resilience and the positive expansion of unit economics, emphasizing the commitment to high-quality services and talent empowerment [8]