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 sheet reflects $1.1 million in cash and $1.3 million in net inventory.
Thank you for your continued support!
*The unaudited financial information is preliminary and subject to potential adjustments. Adjustments to this financial information may be identified when a review of historic financial statements has been completed in conjunction with our year-end audit, which could result in significant differences from this preliminary unaudited financial information.