Azure Printed Homes

Azure Printed Homes

Growth Stage

Welcome to the Next Dimension of Living

Welcome to the Next Dimension of Living

Overview

Raised to Date: Raised: $127,326

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/05/2024

Close Date

04/30/2025

Min. Goal
$50,000
Max. Goal
$4,600,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$36,000,000

Valuation Cap

$40,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/30/2024

Days Remaining

364

% of Min. Goal

255%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,274

# of Investors

53

Momentum
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Year Founded

2022

Industry

Real Estate & Construction

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Culver City, California

Business Type

Growth

Azure Printed Homes, with a valuation of $40 million, is raising funds on Wefunder. The company makes 3D-printed homes using recycled materials. Azure Printed Homes is revolutionizing the construction industry by using recycled polymers and 3D printing to prefabricate modern backyard studios, ADUs, and homes faster and more affordably. The company is automating and accelerating production to meet urgent housing demands. The business has received paid pre-order deposits of $30 million and generated over $4 million in revenue in 2023. Ross Maguire, Yuri Eidelman, and Gene Eidelman founded Azure Printed Homes in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.6 million. The campaign proceeds will be used for marketing, R&D, hiring, and materials to produce additional units.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,977,272

$3,474,284

COGS

$3,223,046

$2,736,647

Tax

$0

$0

 

 

Net Income

$-818,193

$-226,698

Summary Balance Sheet

FY 2023 FY 2022

Cash

$59,225

$48,606

Accounts Receivable

$112,448

$0

Total Assets

$545,881

$153,119

Short-Term Debt

$437,608

$451,447

Long-Term Debt

$1,654,378

$440,978

Total Liabilities

$2,091,986

$892,425

Financials as of: 03/05/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Azure Printed Homes 04/29/2025 Wefunder $40,000,000 $127,326 SAFE Active RegCF
Azure Printed Homes 08/16/2023 Republic $32,000,000 $240,757 SAFE Funded RegCF
Azure Printed Homes 01/30/2023 Wefunder $26,000,000 $167,800 SAFE Funded RegCF
Azure Printed Homes 10/01/2022 Republic $24,000,000 $596,869 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Analyst Report

Synopsis

Azure Printed Homes has embraced the burgeoning technology of 3D printing to create modern, prefabricated backyard studios, accessory dwelling units (ADUs), and homes. These homes utilize recycled polymers as a core material. This method promotes environmental sustainability and promises to expedite the construction process and significantly reduce costs.

The housing market has long been plagued with rising costs, lengthy build times, and environmental concerns. Azure Printed Homes addresses these issues head-on, automating production to meet the urgent demand for housing rapidly. The company has demonstrated substantial market traction and customer interest with over $30 million in paid pre-order deposits and a revenue generation of over $44 million in 2023.

Founded in March 2022 by Ross Maguire, Yuri Eidelman, and Gene Eidelman, Azure Printed Homes is a growth-stage company that has successfully raised over $4.4 million in prior funding rounds. The company's compelling tagline, "Welcome to the Next Dimension of Living," encapsulates its vision of revolutionizing living spaces by leveraging 3D printing technology. 

Next Section: Price

Price

Azure Printed Homes is raising funds on Wefunder with a valuation cap of $40 million. This valuation cap is set within the context of the company's recent performance, which includes over $4 million in revenue in 2023 and paid pre-order deposits amounting to $30 million. The valuation cap is an important feature of the SAFE (Simple Agreement for Future Equity) security type being offered, as it sets an upper limit on the valuation at which the SAFE will convert into equity.

The company's revenue multiple stands at less than 10x, based on the 2023 revenue of over $4 million. This multiple is within a reasonable range for a growth-stage company in the Real Estate & Construction industry, particularly one introducing innovative technology to address housing demands. The multiple is also justified by the company's $30 million pre-order deposits, indicating a strong market demand and potential for future revenue growth.

Next Section: Market

Market

Azure Printed Homes, Inc. is entering the innovative US 3D Printing Construction market, which is experiencing rapid growth and high market acceptance, albeit from a low base. 3D printing in construction is an emerging field redefining how homes and structures are built. With an estimated market size of $12 million, Azure Printed Homes is capitalizing on the significant market potential within this niche, especially considering its compounded annual growth rate of 100.1%. Even though the market is underestimated, it is nascent and is poised to grow quickly. The high growth rate showcases a burgeoning demand for new construction methodologies.

Azure Printed Homes' use of recycled polymers for 3D printing positions the Company at the convergence of sustainability and technological innovation in the real estate and construction sector. Given the increasing focus on environmentally friendly building practices, this differentiator could serve as a compelling value proposition in attracting both B2B and B2C customers. Moreover, the company's ability to prefabricate modern backyard studios, accessory dwelling units (ADUs), and homes more affordably and faster than traditional methods aligns with the urgent housing demands and affordability concerns in many markets.

Notably, Azure Printed Homes has already received significant market validation, with paid pre-order deposits amounting to $30 million and over $4 million in revenue generated in 2023. This demonstrates a solid initial customer interest and the company's capacity to convert interest into revenue. However, it is important to recognize that the market is subject to high regulatory approvals and licensing requirements, which could impact the speed and scalability of Azure Printed Homes' go-to-market strategy.

The company operates in a moderately competitive landscape, indicating the presence of established competitors. However, the innovative approach of using recycled materials in 3D printing could provide a competitive edge. Successful operations scaling and the ability to meet production demands will be critical for Azure Printed Homes to secure a leading position in this high-potential market.

Next Section: Team

Team

Azure Printed Homes is spearheaded by a trio of co-founders with a diverse and complementary set of skills and experiences. Ross Maguire, serving as CEO, brings a robust background in construction, design, and project management to the table. With an MS in Civil Engineering and 13 years of experience in the field, including founding and leading his own residential and commercial construction company in London, UK, for eight years, Maguire's expertise is a cornerstone for Azure's innovative approach to 3D-printed homes using recycled materials.

Yuri Eidelman, a seasoned professional with 36 years of experience as a Licensed California General Contractor, adds industry knowledge and hands-on experience to the team. His track record of co-founding three startups in different industries, all of which exited through sales to private and public companies, showcases his entrepreneurial spirit and business acumen.

Although the details of his role within the company are not specified, Gene Eidelman brings an additional six years of relevant industry experience. Like Yuri, Gene has a history of entrepreneurship, having co-founded startups with successful exits. His LinkedIn profile indicates a focus on innovation and business development, which likely plays a crucial role in Azure Printed Homes' strategy and operations.

The team's collective experience, particularly in construction and entrepreneurship, positions Azure Printed Homes to capitalize on the growing demand for sustainable and efficient housing solutions. With Ross Maguire's leadership in construction and design, Yuri Eidelman's extensive contracting experience, and Gene Eidelman's entrepreneurial background, Azure Printed Homes is well-equipped to lead the charge in revolutionizing the construction industry through 3D printing technology. 

Next Section: Differentiation

Differentiation

Azure Printed Homes stands out in the 3D printing construction market by using recycled polymers to prefabricate modern housing solutions such as backyard studios, accessory dwelling units (ADUs), and homes. This approach caters to the growing demand for affordable and sustainable housing and addresses environmental concerns by repurposing waste materials. The company's ability to secure $30 million in paid pre-order deposits and generate over $44 million in revenue in 2023 indicates strong market interest and potential for scalability.

The differentiation of Azure Printed Homes lies in its production efficiency, which is achieved by automating and accelerating the manufacturing process. This efficiency allows the company to meet urgent housing demands more rapidly than traditional construction methods. While the competitive landscape is moderately competitive with over 100 direct competitors, Azure Printed Homes' focus on sustainability and speed positions it well within the niche of eco-friendly and time-sensitive construction projects.

However, Azure Printed Homes does not currently hold patents for its processes or technology, which could be a point of vulnerability in protecting its competitive edge. Despite this, the company's pre-profit status and significant pre-order deposits suggest a strong market fit and customer trust. With high barriers to entry in this industry, Azure's early traction and revenue generation demonstrate its potential to become a leader in the 3D printing construction space, particularly for clients seeking environmentally conscious and expedited building solutions.

Overall, Azure Printed Homes' business model, which serves both B2B and B2C segments, and its transactional revenue model, indicates a flexible approach to market penetration. The company's ability to deliver differentiated value through recycled materials and advanced manufacturing techniques positions it favorably within the US 3D printing construction market.

Next Section: Performance

Performance

Azure Printed Homes, Inc. has demonstrated significant traction in the 3D-printed construction segment, capitalizing on the growing demand for affordable and rapidly-produced housing solutions. The company's innovation in using recycled polymers for prefabricating modern backyard studios, Accessory Dwelling Units (ADUs), and homes has positioned it as a forward-thinking player in the real estate and construction industry.

In the fiscal year 2023, Azure Printed Homes has generated substantial revenue, reporting over $4 million in sales. This figure represents a stagnation in revenue from 2022. Hopefully, the business has successfully secured $30 million in paid pre-order deposits, a strong validation of market demand and customer commitment to their product.

The company's financial health appears stable, with cash and cash equivalents of $59,225 at the end of the most recent fiscal year. This liquidity, combined with a monthly burn rate of $68,183, suggests that Azure Printed Homes is managing its operational expenses while continuing to invest in growth initiatives.

Since its last funding round, Azure Printed Homes has achieved medium team growth, which likely supports its ongoing product development and operational expansion. Although the company is in the pre-profit development phase, its ability to attract paying customers and the magnitude of pre-order deposits signal strong market fit and potential for future profitability.

The company operates in a moderately competitive landscape with a combined B2B and B2C distribution model, which allows it to target a broad customer base across the US 3D printing construction market. Azure Printed Homes' transactional revenue model aligns with its product-focused business strategy, which aims to deliver tangible solutions to the pressing housing shortage.

Next Section: Risk

Risk

Azure Printed Homes' venture into the 3D-printed construction market comes with several unique risks that need to be considered by potential investors. While the company has garnered significant interest with $30 million in paid pre-order deposits, there are risks associated with its hardware product's production and quality control. Maintaining consistent quality and meeting the promised delivery timelines could be challenging as the company scales. There is also the risk of potential delays or increased costs due to the novelty of 3D printing with recycled materials, which may require further refinement to meet industry standards.

The company operates in an industry with high market approval and license regulations. Azure Printed Homes must navigate various building codes and zoning laws that can vary greatly by region. Any changes in these regulations or failure to comply could adversely affect the company's operations.

Financially, Azure Printed Homes has a negative net income and a relatively high monthly burn rate. This indicates reliance on continuous capital inflow to sustain operations and growth. The company's long-term debt is significant, which could impact financial flexibility and future funding opportunities.

Furthermore, the market acceptance for 3D-printed homes is still low, as this technology is relatively new in the construction industry. Azure Printed Homes will need to invest significant resources in marketing and education to change consumer perception and drive adoption.

The 3D printing construction sector is moderately competitive, with a few names emerging. While Azure Printed Homes has not indicated any direct competitors, it is reasonable to assume that as the industry grows, more companies will enter the market, increasing competition and possibly leading to price pressures or a race to innovate.

Next Section: Bullish Outlook

Bullish Outlook

Azure Printed Homes, Inc. is at the forefront of a transformative wave in the real estate and construction industry, harnessing the innovative power of 3D printing. The use of recycled polymers in their construction process not only taps into the growing trend of environmental sustainability but also addresses the pressing issue of affordable housing. With an impressive $30 million in paid pre-order deposits and over $4 million in revenue in 2023, Azure is demonstrating substantial consumer interest and market validation for its products.

The company's ability to prefabricate modern backyard studios, ADUs, and homes faster than traditional methods is a game-changer, offering a solution to meet urgent housing demands in a sector ripe for disruption. Azure’s business model is appealing to individual homeowners and enterprise-level clients due to its promise of efficiency, speed, and cost savings.

Azure's current valuation of $40 million on Wefunder, coupled with its growth strategy that includes marketing, R&D, hiring, and materials procurement, positions the company well for future expansion. The construction industry’s high barrier to entry, along with Azure's early mover advantage in the 3D printing construction niche, gives the company a competitive edge.

While Azure Printed Homes are still in the growth phase and face the challenges of scaling production and navigating the competitive landscape, its innovative approach, confirmed customer demand and solid revenue figures provide a bullish outlook for potential investors. The company's planned use of funds to scale operations further suggests an aggressive push towards capitalizing on its early successes and solidifying its market presence.

Next Section: Bearish Outlook

Bearish Outlook

Despite Azure Printed Homes' innovative approach to construction using 3D-printing and recycled materials, significant challenges remain that could dampen investor enthusiasm. Firstly, the company's valuation at $40 million appears steep given its pre-profit status and relatively modest cash reserves of $47,225. Such a high valuation may present a barrier to achieving substantial returns, particularly in a market segment where profit margins are traditionally low and the pathway to profitability is not yet demonstrated.

Furthermore, the capital-intensive nature of the construction industry, coupled with Azure Printed Homes' ambition to automate and accelerate production, poses a risk of cash burn that could outpace revenue growth. The current financials show a net income loss of $818,193, which may raise concerns over the company's ability to manage expenses against its revenue generation. Although the company has a notable $30 million in paid pre-order deposits, realizing these pre-orders into actual sales and revenue is subject to production capacity and operational efficiency, which are not yet proven at scale.

Another concern is the absence of patents for Azure Printed Homes' 3D printing technology. In a moderately competitive industry, intellectual property can provide a critical competitive edge and serve as a barrier to entry for potential competitors. Without proprietary technology protected by patents, Azure Printed Homes risks losing its competitive advantage and market share to other firms that can replicate or improve its business model.

Lastly, while using recycled polymers is environmentally friendly and innovative, it may face regulatory hurdles or market acceptance challenges, particularly as building codes and consumer preferences vary widely across regions. This could potentially limit the company's addressable market or increase compliance and market education costs.

Next Section: Executive Summary

Executive Summary

Azure Printed Homes, Inc., is at the forefront of a transformative shift in the construction industry. The company leverages advanced 3D printing technology and recycled materials to create modern, sustainable living spaces. The company's innovative approach addresses the urgent need for housing by producing backyard studios, accessory dwelling units (ADUs), and homes more quickly and affordably than traditional construction methods allow. With a focus on environmental sustainability, Azure Printed Homes uses recycled polymers, setting a new standard for eco-friendly construction practices.

In 2023, Azure Printed Homes demonstrated significant market traction, securing $30 million in paid pre-order deposits and generating over $4 million in revenue. This achievement underscores the high demand for sustainable and innovative housing solutions and the company's capacity to effectively meet this demand. The business operates with a dual B2B/B2C distribution model, broadening its market reach and diversifying its customer base.

Despite being in the growth stage and pre-profit, Azure Printed Homes has already raised over $4.4 million in prior funding rounds. This financial backing and the company's substantial revenue generation position it well for future expansion. The current crowdfunding campaign on Wefunder, with a target of raising between $50,000 and $4.6 million, aims to fuel further growth through marketing, R&D, hiring, and acquiring materials for additional units.

However, it's important to note that Azure Printed Homes operates in a moderately competitive landscape with high barriers to entry, primarily due to the technical expertise and capital required to develop 3D printing construction technology. While the company does not currently hold patents, its innovative use of recycled materials and the significant pre-order deposits indicate a strong market position and potential for continued growth.

Founded in March 2022 by Ross Maguire, Yuri Eidelman, and Gene Eidelman, Azure Printed Homes embodies the next dimension of living. It offers a promising solution to the housing crisis while prioritizing environmental sustainability. With a valuation cap of $40 million, the company's current fundraising efforts reflect its ambition to scale operations and make a lasting impact on the construction industry.

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Company Updates

In this company update, we look at Azure Printed Homes’ new crowdfunding round on Wefunder at a $40M valuation, reflecting on the company’s improving margins and other important milestones.

View Company Update

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Azure Printed Homes on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $40,000,000

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