Hylete

Growth Stage

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

Analytics

Raised to Date: Raised: $70,876

Aggregate Commitments $

Platform

StartEngine

Start Date

06/10/2022

Close Date

09/08/2022

Min. Goal

$10,000

Max. Goal

$1,700,000

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$0.29

Pre-Money Valuation

$27,379,991

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

73

% of Min. Goal

709%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,169

Momentum
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Location

Solana Beach, California

Industry

Education, Training, & Coaching

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

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: 06/10/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hylete 09/08/2022 StartEngine $27,379,991 $70,876 Equity - Preferred Active RegCF
Hylete 03/03/2021 StartEngine $48,800,000 $1,433,172 Equity - Common Funded RegA+
Hylete 02/17/2020 StartEngine $30,400,000 $1,069,701 Equity - Common Funded RegCF
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Hylete on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $27,379,991
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