Ruck Sox
The First Performance Rucking Sock
Overview
Raised: $138,370
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
3
% of Min. Goal
277%
% of Max. Goal
112%
Likelihood of Max
Avg. Daily Raise
$1,628
# of Investors
57
Momentum
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Year Founded
2022
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Ruck Sox is raising funds on Wefunder. The company makes the first performance rucking sock in the USA with 100% American materials and labor. Ruck Sox products are made by special operations veterans and in partnership with American companies like National Spinning, Spartan Dyers, Surratt Hosiery, Carolina Shirt Company, and Wilmington Design. The business has generated $19,000 in sales in the first eight months and has a social media following of 86,000. Killian Nowrey and Joseph Martingale founded Ruck Sox in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, content creation, wool yarn purchases, yarn dying, knitting, packaging, payroll, and cash reserves.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$18,914 |
$61 |
COGS |
$7,572 |
$96 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-8,241 |
$-3,989 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$375 |
$18,197 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$27,606 |
$21,615 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$0 |
$0 |
Financials as of: 02/11/2024
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