Kyle Cooke made the revelation on the Summer House After Show.
Summer House viewers have watched as Kyle Cooke, owner of Loverboy, has built the drink brand from an idea into a successful beverage brand.
With all that being said, watching company-related drama unfold on Summer House has been yet another interesting peek behind the curtain. During Season 8, Episode 13 of the Summer House After Show, Kyle opened up about Loverboy's financial situations and revealed that, for a while, things weren't especially sunny.
"You know, last year we lost almost $3 million," he explained about his Loverboy drink brand. "When I was trying to open up about the challenges of running a startup, the advice that [Paige DeSorbo and Ciara Miller] gave me was 'Kyle, why don't you just pull the plug?'"
The revelation came after Amanda Batula, Kyle's wife, told him that she wanted to explore the idea of starting her own business and he wasn't very receptive — which Ciara and Paige later called him out on.
Kyle, however, said on the After Show, "I would've loved to have just had the wherewithal to be like 'absolutely, I'd love to support you.' That would've saved the day. But that would've mean that she's heard nothing of the reality of the situation that we're in with Loverboy. We need things to click right now more than ever."
Kyle Cooke Was 'Scared' of the Loverboy Drink Brand's Financial Issues
During Summer House Season 8, Episode 12, Kyle opened up about his company's financial situation.
"For the last three years, we were running a profitable business," Kyle explained in an interview. "We assumed we'd be profitable this year even when we grew our team and grew our expenses. But right now, we are losing money."
The screen then flashed to a conversation between Kyle and Amanda.
"Nick just filled me in that we lost $1.5 million the first six months of this year," Kyle explained to his wife. "If we can't turn a profit in August, then I'm starting to lose hope that we'll do it in the colder months. This is the first time I'm actually scared."
Hear more in the above After Show clip.
