Formal Friday
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | <1m | <1m | <1m |
% growth | (13 %) | (10 %) | (6 %) | (34 %) | 34 % | 58 % | - |
EBITDA | (<1m) | (<1m) | (<1m) | - | - | - | - |
% EBITDA margin | (159 %) | (142 %) | (46 %) | - | - | - | - |
Profit | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) | <1m | - |
% profit margin | (163 %) | (147 %) | (63 %) | (16 %) | (21 %) | 43 % | - |
R&D budget | <1m | <1m | <1m | <1m | - | - | - |
R&D % of revenue | 148 % | 82 % | 87 % | 132 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
€160k | Seed | ||
Total Funding | CAD240k |
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Recent News about Formal Friday
EditFormal Friday Clothing specializes in high-performance Merino wool t-shirts that are designed to offer durability, comfort, and style. The company's core product is an ultrafine Merino t-shirt that is soft, odor-resistant, wrinkle-resistant, and temperature-regulating. These t-shirts are engineered to be versatile, making them suitable for both urban environments and outdoor activities. Formal Friday Clothing primarily serves active individuals who value high-quality, multifunctional apparel. The company operates in the premium clothing market, targeting consumers who are willing to invest in durable and high-performance garments. Formal Friday Clothing's business model revolves around direct-to-consumer sales through its online platform, allowing it to maintain control over the customer experience and product quality. Revenue is generated through the sale of these premium t-shirts, which are marketed for their unique blend of performance properties and minimalist design.
Keywords: Merino wool, high-performance, durable, comfortable, odor-resistant, wrinkle-resistant, temperature-regulating, versatile, premium clothing, direct-to-consumer.