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Hylete

Hylete

Growth Stage

Innovative Fitness Lifestyle Ecosystem: Community Built, Backed, & Driven...

Innovative Fitness Lifestyle Ecosystem: Community Built, Backed, & Driven...

Overview

Raised this Round: Raised: $159,125

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/09/2022

Close Date

12/21/2022

Min. Goal
$10,000
Max. Goal
$1,700,000
Min. Investment

$500

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.29

Pre-Money Valuation

$27,379,991

Year Founded

2012

Industry

Education, Training, & Coaching

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Solana Beach, California

Business Type

Growth

Hylete, with a valuation of $27.4 million, is raising funds on StartEngine. The training lifestyle brand has an extensive line of men and women apparel, gear, and footwear, with flagship products like Iris Short, Helix Short, and Circuit Shoe. The products of Hylete aim at the comfort and complete well-being of the community. Hylete has generated lifetime revenues of over $73 million since its launch, with $9.8 million in 2021. Ronald Wilson and Matthew Paulson founded Hylete in 2012. The current crowdfunding campaign has a minimum target of $9,999.78 and a maximum target of $1,699,999.72. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$9,823,712

$11,123,917

COGS

$4,401,034

$5,591,662

Tax

$800

$807

 

 

Net Income

$-2,731,787

$-6,720,662

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$59,661

$153,801

Accounts Receivable

$31,329

$56,737

Total Assets

$3,913,641

$3,879,002

Short-Term Debt

$124,337

$6,858,760

Long-Term Debt

$7,661,111

$549,069

Total Liabilities

$7,785,448

$7,407,829

Financials as of: 06/09/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hylete 12/20/2022 StartEngine $27,379,991 $159,125 Equity - Preferred Not Funded RegCF
Hylete 03/02/2021 StartEngine $48,800,000 $1,433,172 Equity - Common Funded RegA+
Hylete 02/16/2020 StartEngine $30,400,000 $1,069,701 Equity - Common Funded RegCF
Hylete 04/27/2017 StartEngine - $1,000,000 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Hylete on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $27,379,991
Price per Share: $0.29

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Follow Hylete on StartEngine 2022

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