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Peak Skis Investment opportunity

fatbob

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Yeah the accounts look like a total bin fire. There's nothing much wrong with the revenue number - I'm guessing they've shifted around 5000 pairs of skis in the first year. But they've spent over a $1m in G&A above that revenue number alone before they've even spent a dollar on marketing and ads.

On their current level of costs they've gotta sell a hell of a lot more skis to even turn a profit and that's before they started racking up costs in Europe.

Notable also that the owners have only kicked in $1.7m between them unless they've also been putting in the debt and they don't own their own "ski equipment" having sale and leaseback on that , presumably for cashflow.

On the plus side, early days, wouldn't necessarily be a disaster for a tech startup with high growth potential but ask yourself how fast can they grow?
 

teejaywhy

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Seems like a distraction if you've got the $21m company you're claiming. Strikes me as more of an opportunity to pitch in and help Bode out for fans than a real investment opportunity.

More like a donation to a non-profit. :cool:
 

aveski

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For my $1000 investment , I'd like a pair of skis
You don't get the skis until you "invest" 15k, then you get two pair.
Screenshot_20231120-082305.png
 

MikeHunt

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Renoun selling (then pulling the ad), Original Plus going bankrupt (then getting restarted), now Peak crowdsourcing working capital...these are definite signs of something broken in the ski market.

Obviously people have no money to ski. But before they completely give up on the season, they try to make compromises to salvage it. Something has to give and it's the new ski. Or maybe stick with well known brands in the past season discount bin. Perhaps delay their quiver upgrade cycle by a year or two.
 
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cantunamunch

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Renoun selling (then pulling the ad), Original Plus going bankrupt (then getting restarted), now Peak crowdsourcing working capital...these are definite signs of something broken in the ski market.

It's not just the ski market. The cycling market has already been mentioned.
Everything else that peaked during the virus troubles is going to *forcefully* realign to 2018-2019 established trends.
 

MikeHunt

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It's not just the ski market. The cycling market has already been mentioned.
Everything else that peaked during the virus troubles is going to *forcefully* realign to 2018-2019 established trends.

Big name established brands can also rely on supplying for rental fleets for a steady source of revenue.

Must be brutal to be niche right now. Higher costs of business borrowing too thanks to higher interest rate. If they're offered credit at all.
 
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dbostedo

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...these are definite signs of something broken in the ski market.
I don't know about broken, depending on your definition. Sounds like a competitive market with relatively low barrier to entry, where I'd expect some companies to fold. Just the nature of the business.
 

BLiP

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I like Bode and wish him well. And I’ve heard enough good things about Peak skis that my interested has been…well peaked. But a public crowdfunding effort? That raises some red flags in my mind. According to the website, it’s not about money but is an effort to "democratize" the industry. Maybe, but not for me. Perhaps I’ll be the fool when they’re sold for $1b in a couple of years and all these early "investors" are paid out. I hope that’s the case.
 

TheArchitect

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Last year when the BOGO was announced I figured it was a marketing ploy to get skis out on the slopes and generate word-of-mouth sales. Now I'm guessing it was lack of sales with a little bit of marketing. My son and I have BOGO Peak skis and are really happy with them. We'll see how quickly they become collectors items. In the meantime, I have more than enough vests.
 

AltaSkier

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Seems like if I "invest," I am just giving them capital. Normally when I invest, I get shares of a stock. Why not just offer an IPO?
 

BLiP

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For my $1000 investment , I'd like a pair of skis
FYI, they're running a Black Friday sale. Get $200 off your order plus $150 credit to be used in December. So you can get a pair of skis for less than a $1000 investment (but no equity, I suppose).
 
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