CubCrafters

CubCrafters

Growth Stage

Changing the Landscape of Backcountry Aviation

Changing the Landscape of Backcountry Aviation

Overview

Raised to Date: Raised: $478,845

Total Commitments ($USD)

Platform

Title3Funds

Start Date

12/19/2022

Close Date

04/30/2024

Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$400

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$150,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/20/2024

Days Remaining

9

% of Min. Goal

4,788%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$981

Momentum
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Year Founded

1986

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Yakima, Washington

Business Type

Growth

CubCrafters, with a valuation of $150 million, is raising funds on Title3Funds. It is the largest adventure aircraft manufacturer in the world. The company is changing the landscape of backcountry aviation with its superior quality, independent thinking, and industry-leading innovation. CubCrafters has won FAA approval and has an innovative builder-assist program where the company’s personnel guide their customers from fabrication to completion. Patrick Horgan and Bradley Damm founded CubCrafters in 1986. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for research and development, manufacturing modernization, growth expansion, scaling of operations to demand, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$34,398,435

$32,773,691

COGS

$24,763,871

$23,317,604

Tax

$171,826

$224,610

 

 

Net Income

$2,521,212

$1,050,536

Summary Balance Sheet

FY 2022 FY 2021

Cash

$8,026,052

$9,907,586

Accounts Receivable

$1,040,117

$819,538

Total Assets

$35,392,569

$24,273,762

Short-Term Debt

$20,499,865

$15,884,618

Long-Term Debt

$4,552,567

$1,907,679

Total Liabilities

$25,052,432

$17,792,297

Financials as of: 12/19/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
CubCrafters 04/29/2024 Title3Funds $150,000,000 $478,845 Equity - Preferred Active RegCF
CubCrafters 01/28/2024 Manhattan Street Capital $150,000,000 $3,478,456 Equity - Preferred Funded RegA+
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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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CubCrafters on Title3Funds
Platform: Title3Funds
Security Type: Equity - Preferred
Valuation: $150,000,000
Price per Share: $5.00

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