Esker Cycles by Krueger Outdoor
Growth Stage
Mountain Bikes Built for the Wild
Overview
Raised: $359,401
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/22/2021
Close Date
04/30/2022
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$231
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.31
Pre-Money Valuation
$6,487,457
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,275
# of Investors
265
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Esker Cycles by Krueger Outdoor, with a valuation of $6.49 million, is raising funds on StartEngine. The company makes mountain bikes using a patented suspension system. Esker uses Orion Dynamics to ensure that people enjoy their bike ride irrespective of the trail and terrain. The bikes of Esker Cycles by Krueger Outdoor are known for their durability, performance, and versatility. Tim Krueger and Ryan Krueger founded Esker Cycles by Krueger Outdoor in February 2018. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1,069,998.93. The campaign proceeds will be used to introduce new frames and new models of bikes.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,116,052 |
$674,064 |
|
COGS |
$657,469 |
$934,646 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-121,926 |
$-862,061 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,911 |
$1,245 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$741,658 |
$326,881 |
|
Short-Term Debt |
$486,712 |
$294,155 |
|
Long-Term Debt |
$618,409 |
$364,175 |
|
Total Liabilities |
$1,105,121 |
$658,330 |
Financials as of: 11/22/2021
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