Liteboxer

Liteboxer

Growth Stage

The leader in VR trainer-led fitness

The leader in VR trainer-led fitness

Overview

Raised this Round: Raised: $17,496

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/24/2022

Close Date

11/16/2022

Min. Goal
$9,991
Max. Goal
$4,999,993
Min. Investment

$493

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$17.59

Pre-Money Valuation

$81,992,971

Year Founded

2016

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Hampton, New Hampshire

Business Type

Growth

Liteboxer, with a valuation of $81.99 million, is raising funds on StartEngine. It is an at-home virtual reality-based workout program that is bringing real fitness to the metaverse. The platform enables users to get interactive and effective one-on-one trainer workouts from their home without the need for additional hardware. Liteboxer has reported over 600,000 downloads since March 2022 and is listed as one of the most popular apps in the Meta Quest store. Jeffrey William Morin and Todd Dagres founded Liteboxer in January 2016. The current crowdfunding campaign has a minimum target of $9,991.12 and a maximum target of $4.9 million. The campaign proceeds will be used to grow the team, bring the business to new virtual platforms, and develop new apps.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,741,702

$517,808

COGS

$5,409,400

$973,194

Tax

$0

$0

 

 

Net Income

$-14,019,367

$-3,670,534

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,637,655

$2,489,934

Accounts Receivable

$74,325

$18,258

Total Assets

$10,497,484

$3,629,868

Short-Term Debt

$1,038,773

$0

Long-Term Debt

$5,344,891

$3,890,623

Total Liabilities

$6,383,664

$3,890,623

Financials as of: 10/24/2022
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Liteboxer on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $81,992,971
Price per Share: $17.59

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