ActivArmor
Waterproof, Custom 3D Printed Casts and Splints
Overview
Raised: $331,507
Total Commitments ($USD)
StartEngine
07/06/2022
11/03/2022
$170
Equity - Common
Seed
RegCF
$1.70
$21,868,919
2016
Healthcare & Pharmaceuticals
HealthTech
B2B/B2C
Low
High
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$252,493 |
$581,596 |
|
COGS |
$99,286 |
$496,072 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-495,884 |
$-319,074 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$312,131 |
$16,874 |
|
Accounts Receivable |
$27,919 |
$29,918 |
|
Total Assets |
$608,876 |
$324,698 |
|
Short-Term Debt |
$28,021 |
$13,959 |
|
Long-Term Debt |
$87,803 |
$105,733 |
|
Total Liabilities |
$115,824 |
$119,692 |
Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| ActivArmor | 11/03/2022 | StartEngine | $21,868,919 | $331,507 | Equity - Common | Funded | RegCF |
No prior online funding rounds.
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Analyst Report
ActivArmor will reach self-sustainability once it converts its first 40 clinics. If all goes according to plan, that should happen by the third quarter of next year. By 2025, it expects to bring in revenue of $3 million to $5 million. From there, it has the potential to go several orders of magnitude higher in the second half of the decade.
Founder Profile
ActivArmor Founder Diana Hall Discusses Casts For Active Lifestyles
Around 6.3 million skeletal fractures occur in the United States every year. And that means a similar number of casts are needed to hold all those mending bones together. Doodling on a friend’s cast might be fun, but it’s usually a different story for the patient. Traditional casts can cause swelling, they’re not allowed to get wet, and they can stink after days of not washing the skin within.ActivArmor offers 3D casts and splints that empower patients to maintain active, hygienic lifestyles. The company uses a simple iPhone scan to design custom casts, and the results are breathable, waterproof, and sanitizable. We reached out to founder, President, and CEO Diana Hall to hear more about the company’s partnerships and its pandemic experience.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.