CubCrafters
Changing the Landscape of Backcountry Aviation
Overview
Platform
Title3Funds
Start Date
12/20/2022
Close Date
12/15/2023
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$400
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$150,000,000
Year Founded
1986
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$15,287,837 |
$16,803,911 |
|
COGS |
$11,278,547 |
$11,704,305 |
|
Tax |
$39,868 |
$0 |
| ||
| ||
|
Net Income |
$141,541 |
$1,361,372 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,425,197 |
$9,437,178 |
|
Accounts Receivable |
$1,542,367 |
$1,677,120 |
|
Total Assets |
$26,236,363 |
$22,826,097 |
|
Short-Term Debt |
$17,965,897 |
$11,800,154 |
|
Long-Term Debt |
$1,647,280 |
$1,081,539 |
|
Total Liabilities |
$19,613,177 |
$12,881,693 |
Financials as of: 12/20/2022
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