Peak Ski Company
Early Stage
Revolutionary skis with proprietary technology by Olympian Bode Miller
Overview
Raised: $494,362
Total Commitments ($USD)
Platform
Republic
Start Date
11/20/2023
Close Date
03/16/2024
Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$36,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
107
% of Min. Goal
494%
% of Max. Goal
40%
Likelihood of Max
Avg. Daily Raise
$49,436
# of Investors
263
Momentum
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Location
Bozeman, Montana
Peak Ski Company, with a valuation of $36 million, is raising funds on Republic. It is an innovative ski company that uses proprietary technology to make revolutionary skis. Peak Ski Company incorporates Olympian Bode Miller’s design acumen to create all-mountain skis using the KeyHole Technology to create a below-the-surface cutaway. The business is gaining traction and has sold 4,000 skis to generate $3 million in revenue in year one. Bode Miller and Andy Wirth founded Peak Ski Company in July 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales, marketing, and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,843,422 |
$42,932 |
|
COGS |
$1,453,300 |
$13,004 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,366,638 |
$-1,878,213 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$56,227 |
$709,929 |
|
Accounts Receivable |
$34,150 |
$0 |
|
Total Assets |
$2,817,323 |
$3,740,461 |
|
Short-Term Debt |
$3,120,023 |
$881,150 |
|
Long-Term Debt |
$6,201,940 |
$3,347,887 |
|
Total Liabilities |
$9,321,963 |
$4,229,037 |
Financials as of: 11/20/2023
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