PRISM Spotlight: A Look Inside DRYWORLD (IBGR), A Global High-Performance Sports Brand

High performance sports apparel has not only supported athletes but has become a staple within athleisure. While crucial for sports, sporting apparel is renowned across all fashion categories as everyone from music artists to celebrities sport their favorite brands in the name of style plus comfort.

DRYWORLD Brands (IBGR), a global high performance sports apparel company, has stepped onto the court with the likes of Nike and Adidas to showcase its brand seen today on professional athletes, rockstars, famed faces and everyday individuals.

“2024 is set to be a milestone year for DRYWORLD as we continue to stack up revenue streams by closing global deals such as PFC Beroe x Ronaldinho, and our Super Rugby partnership, aligning our company with the top athletes, teams and leagues in the world,” said Matt Weingart, Co-CEO, DRYWORLD Brands. “Our sole focus is now on elevating our brand, driving revenue, increasing the fundamentals of the company and building long-term shareholder value.”

While the company hits its milestones and pursues continued growth, investors are focused on the company’s multiple investment highlights:

  • Global Brand: A global athletic performance brand offering innovative, superior quality apparel and gear that has now been shipped to 53 countries. DRYWORLD’s proprietary product keeps athletes dry and comfortable in adverse conditions.
  • Sales Growth: The company has sold over 500,000 units of products in the English Premier League Futbol/Soccer and a broad range of innovative and functional athletic wear products for the New Zealand Super Rugby Teams.
  • Healthy Margins: The company’s signature innovations generate high perceived value, allowing for higher price points. DRYWORLD’s efficient sourcing and utilization of multiple manufacturing and supply chains      mitigate risk and ensure the lowest cost. Additionally, the company sells directly to consumers over the Internet, where profit margins are
  • Growing Market Opportunity: According to Statista, the Activewear Market in 2022 was estimated to be $379.77Bn, globally. It is expected to grow to $455.42Bn by 2027 which is a $75Bn projected increase over 5 years.
  • Attractive Valuation: The company anticipates dramatic revenue growth over the next five years providing a significant return on investment at its current valuation.
  • Continued Demand: Due to increasing interest in healthy lifestyles and the athleisure trend, athletic brands have seen steadily rising revenue over the last decade. As styles continue to increasingly become more casual, athleisure is becoming a more permanent clothing category.
  • Innovative Technology: Groundbreaking technologies and constant innovation drive growth. The company has invested 12 years into engineering, sampling, testing and refining our market-ready and future innovations.

Recent Achievements

In April 2024, DRYWORLD inked a deal with Purdue point guard Braden Smith, and formed a key partnership with Grammy artist OPLUS. The company was also featured in a Q&A Corner by PRISM MarketView. In March 2024, DRYWORLD provided a corporate update.

As the company continues to move forward with its partnerships and growth, investors are poised to see how DRYWORLD’s game plan unfolds. 

ABOUT DRYWORLD
DRYWORLD is a premium performance sports brand offering innovative, superior quality apparel and gear for the athlete in all of us. We build purpose-driven products that give all athletes the edge. Engineered by athletes, proven by science. Visit dryworldshop.com

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PRISM Spotlight: A Look Inside DRYWORLD (IBGR), A Global High-Performance Sports Brand

Ashlee Vogenthaler

Markets Editor