Month: August 2017

July 2017 Financial Update

We are pleased to announce our July Financial Highlights as follows (unaudited): July revenue of $667k, +64% to prior year and 10% ahead of budget. Year-to-date revenue of $4.6 million, +35% to prior year and 4% ahead of budget. TTM revenue of $8.1 million tracking towards $10 million sales target for FY 2017. Gross profit, operating expenses and EBITDA all within 2% of budget year-to-date. Closing July balance sheet reflects $1.0 million in cash and $1.4 million in net inventory. Thank you for your support! *The unaudited financial information is preliminary and subject to potential adjustments.  Adjustments to this financial...

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June 2017 Financial Update

We are happy to report another solid month of performance for HYLETE.  Without a doubt, our new investors are greatly assisting in moving the brand forward; and for that we sincerely thank you! We are pleased to announce our June Financial Highlights as follows (unaudited): June revenue of $720k, +59% to prior year; total Q2 revenue of $2.1 million. Year-to-date revenue of $4.0 million, +31% over prior year and 3% ahead of budget. TTM revenue of $7.9 million tracking towards $10.0 million sales target for FY 2017. Gross profit, operating expenses and EBITDA all within 1% of budget year-to-date. Closing June balance...

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