Month: November 2017

October 2017 Financial Update

October Key Highlights (unaudited): October revenue of $750k which represents 45% year-over-year growth and 37% YTD growth (as of 10/31/17) Trailing Twelve Months (TTM) revenue of $8.7 million ending 10/31/2017 YTD gross profit % that is 50 bps higher than prior year; operating expenses within 2% of budget (as of 10/31/2017) October closing balance sheet reflects $700k in cash and $2.0 million in net inventory (as of 10/31/2017) Reg A+ offering announced to all current investors; full community announcement targeted for 12/12/2017 We areĀ 1,800+ investors strong and sincerely appreciate those who have invested again and have spread the word...

Read More

The Circuit Cross-Training Shoe has hit 2,000+ Pre-Orders

We are thrilled to announce that our first performance shoe has sold over 2,000 units during the pre-order! Thank you to the HYLETE nation for jumping on board with our new product category, and giving us the confidence that this will be an excellent addition to our already high-end performance and lifestyle apparel and gear. Lift, train, and run without having to change your shoe. The circuit cross-training shoe, and three interchangeable insoles, are expected to ship out in February, and we can’t wait to the feedback from the HYLETE...

Read More

New Investor Perks

As investors, you get first looks at new items and also receive more perks than our everyday athletes. These perks previously included 50% off all regular priced items at hylete.com, as well as a store credit in the amount of 10% of your investment (excluding clearance, co-branded, and project items). Now, we would like to announce a new perk not previously offered: 10% off clearance locker items Our investors are the driving force of the HYLETE nation, and we want to give you access to our newest, and our best, products at the best price possible. This is an...

Read More

eShares Inc. is now CARTA

Effective November 6th, 2017, our SEC-registered transfer agent, eShares Inc. is changing its name to Carta. When you make your investment in HYLETE, you will receive an email from Carta to review and accept your shares. Same transfer agent, new name. The name change is because they do not own “eshares.com.” A complete rebrand was required to avoid confusion and security risks in the...

Read More

September 2017 Financial Update

September Key Highlights (unaudited): September revenue of $714k, +38% to prior year; total Q3 revenue of $2.0M million. Year-to-date revenue of $6.0 million, +36% to prior year and 4% ahead of budget. TTM revenue of $8.5 million tracking towards $10.0 million sales target for FY 2017. YTD gross profit % 60bps higher than prior year; operating expenses within 3% of budget. Closing balance sheet reflects $0.6 million in cash and $1.7 million in net inventory. Full year revenue forecast of $9.5 to $10 million dependent on Q4 capital availability. Thanks for being the driving force of the HYLETE nation!...

Read More