Halo Collar, a GPS-enabled pet safety device founded by Ken Ehrman, is scaling rapidly toward $140 million in annual revenue after shifting its business model to prioritize profitability.
Key Points
- Founded in 2018 by Ken and Michael Ehrman, the company utilizes GPS technology to create virtual boundaries for dogs.
- The business has invested approximately $100 million in research and development to produce five generations of the wearable device.
- Halo Collar has protected over 500,000 dogs and is currently projected to reach $140 million in annual revenue this year.
- The company achieved profitability by outsourcing hardware manufacturing to Quanta and adopting a direct-to-consumer model with negative inventory cycles.
- A strategic partnership with dog trainer Cesar Millan allows the collar to use voice commands for pet correction instead of electric shocks.
- Halo Collar is now expanding from its online-only roots into physical retail stores to increase brand awareness among non-searching consumers.