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!
*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.