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 are 1,800+ investors strong and sincerely appreciate those who have invested again and have spread the word about the opportunity to become an owner in HYLETE.
For those who may have missed it, we have a special New Investor Perk; we are going to provide one complimentary pair of our New Colorways of the Circuit Cross-Training shoe to every investor who invests in the current offering by December 31st. Once we have the colorways finalized and up on the site for pre-order, you will be sent a unique code for your complimentary pair (estimated ship date: August of 2018).
Thank you for being part 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.