Month: October 2017

Reg A+ Offering Now LIVE!

HYLETE has just opened the door for accredited and non-accredited investors to own part of the brand they have helped build. HYLETE is fueled by the support, input, and feedback of our passionate community, referred to as the “HYLETE nation.” Now, those community members can invest in the brand they believe in. This offering is for up to $6,250,000 in total investment, with a minimum investment of $500/400 shares per investor. At $1.25 per share, there are up to 5,000,000 Class B Common Stock shares being offered. Our vision to be the next generation athletic brand that is community...

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August 2017 Financial Update

We are pleased to announce our August Financial Highlights as follows (unaudited): August revenue of $644k, +39% to prior year and 6% ahead of budget. August YTD revenue of $5.3 million, +36% to prior year and 4% ahead of budget. TTM revenue of $8.3 million tracking towards $10.0 million sales target for FY 2017. Gross profit and operating expenses within 3% of budget with EBITDA on plan for the year. Closing August balance sheet reflects $0.8 million in cash and $1.5 million in net inventory. We are also thrilled that, as of today, we have pre-sold over 1,800 pairs of the Circuit Cross-Training Shoe.   The investor...

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