Aqua Research

Early Stage

Improving health and safety

Overview

Raised to Date: Raised: $29,845

Total Commitments ($USD)

Platform

Netcapital

Start Date

02/06/2023

Close Date

04/28/2023

Min. Goal

$10,000

Max. Goal

$1,234,999

Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.63

Pre-Money Valuation

$7,074,581

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

36

% of Min. Goal

298%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$663

Momentum
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Year Founded

2011

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Albuquerque, New Mexico

Business Type

Growth

Aqua Research, with a valuation of $7.07 million, is raising funds on NetCapital. The company has developed its innovative, affordable, and sustainable disinfection technology for disinfecting surfaces and treating drinking water. The Aqua Research system uses common salt to solve disinfection supply chain issues of developing nations and makes the process cheaper, simpler, and more robust. Aqua Research has received approvals from USAID and has installed hundreds of systems in over 20 countries. Gene Rabent and Rodney Herrington founded Aqua Research in September 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for sales, product development, unallocated funds, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$665,355

$1,175,727

COGS

$351,215

$550,940

Tax

$0

$0

 

 

Net Income

$-75,010

$52,755

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$108,906

$98,533

Accounts Receivable

$11,792

$0

Total Assets

$447,877

$253,788

Short-Term Debt

$630,486

$523,887

Long-Term Debt

$54,125

$0

Total Liabilities

$684,611

$523,887

Financials as of: 02/06/2023
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Ratings KingsCrowd Startup Rating Methodology Article

Founder Profile

Aqua Research Founder Rodney Herrington on Destroying Waterborne Diseases

Safe water and a clean environment are two seemingly simple factors that play a huge role in an individual’s health. But in low-income countries, those necessities aren’t always as accessible as turning on a tap or stopping by the store for some cleaning spray. Even hospitals, where sanitation can make the difference between healing or further complications, may suffer from poor hygiene in some communities.

Aqua Research is determined to combat this humanitarian crisis -- with more than a grain of salt. Its affordable, innovative technologies can create a disinfectant and purify water using salt as a main ingredient. We reached out to founder and Chief Technology Officer Rodney Herrington to learn more about the company’s sales process and the organizations it collaborates with.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Aqua Research on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $7,074,581

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