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ElliptiGO

Operating

PT Motion Works, Inc.

Sports · Solana Beach, CA

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Own a piece of ElliptiGO, the leading provider of elliptical and stand-up bicycles around the world. This is your chance to invest in the next big category of outdoor fitness and recreation with an established company that has already generated more than $45 million in sales.

Post-money valuation ⓘ
$34.6M
As of Mar 2020 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$1,565,341
Across 2 rounds since 2017
Latest share price
$7.00
Reg CF Offering (2020) offering price

Financials

FY2014–FY2021 · from SEC filings · hover any figure for its source
$5.2M
−$591K
2014
$5.1M
−$764K
2015
$5.9M
$1.5M
2016
$4.9M
−$1.4M
2017
$4.6M
−$718K
2018
$3.4M
−$723K
2019
$7.6M
$1.3M
2020
$7.1M
−$369K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
Income statement
Revenue
$5,167,060
$5,145,449
$5,891,779
$4,871,832
$4,642,737
$3,373,737
$7,563,676
$7,106,988
Cost of goods sold
$3,116,703
$2,912,135
$3,391,651
$2,967,331
$2,784,088
$1,798,185
$3,595,164
$3,863,823
Gross margin
40%
43%
42%
39%
40%
47%
52%
46%
Net income
-$590,973
-$764,388
$1,490,832
-$1,425,806
-$717,811
-$723,103
$1,331,832
-$369,331
Taxes paid
$0
$0
$0
$0
$0
$0
$8,170
$10,670
Balance sheet
Cash
$2,351,296
$2,318,230
$755,021
$1,340,960
$1,007,895
$678,152
$3,206,457
$1,528,965
Accounts receivable
$233,544
$483,380
$250,740
$152,359
$101,486
$37,693
$256,380
$439,528
Total assets
$3,818,683
$4,241,696
$2,808,834
$2,951,612
$2,285,987
$1,898,717
$4,108,311
$3,533,485
Short-term debt
$4,938
$9,537
$1,017,299
$28,167
$14,237
$378,295
$55,000
$55,000
Long-term debt
$16,638
$1,025,567
$46,063
$17,889
$13,919
$4,035
$219,600
$0
Total liabilities
$21,576
$1,035,104
$1,063,362
$46,056
$28,156
$382,330
$274,600
$55,000
Other
Headcount
—
23
23
17
17
12
—
13

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$34.6M
post-money
Reg CF Offering (2020)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2020)ClosedReg CF · Preferred Equity · via StartEngine
Raised $565.3K / $1.1MInvestors 286Post-money $34.6M
Reg CF Offering (2017)ClosedReg CF · Preferred Equity · via StartEngine
Raised $1M / $1MInvestors 525

Team

1 person
Bryan Pate
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 6 of 10 annual reports (FY2016–FY2025)

525 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

View all 11 filings on EDGAR
  • Form C-TRMay 4, 20220001478263-22-000006
    EDGAR
  • Form C-ARApr 29, 20220001478263-22-000004
    EDGAR
  • Form C-ARApr 30, 20210001478263-21-000001
    EDGAR
  • Form C-ARMay 26, 20200001478263-20-000003
    EDGAR
  • Form C-UMar 6, 20200001665160-20-000202
    EDGAR
  • Form CJan 10, 20200001665160-20-000028
    EDGAR
  • Form C-ARApr 30, 20190001478263-19-000002
    EDGAR
  • Form C-ARApr 30, 20180001665160-18-000370
    EDGAR
Source: SEC EDGARCIK 0001478263DEShare price $7.00Last synced Aug 17, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.