DDM Systems
Growth Stage
The Future Of Precision Metal Casting
Overview
Platform
Dealmaker Securities
Start Date
05/12/2023
Close Date
10/11/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$400
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$71,458,723
Year Founded
2012
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
DDM Systems is raising funds on Dealmaker Securities. The company is creating the future of precision metal casting with its Digital Foundry technology. The innovative technology of DDM Systems removes the lengthy processes in the investment casting process and makes the production of advanced metal components faster and more cost-effective. DDM Systems is led by an experienced team and has customers including Toyota, the US Air Force, Husky, and the US Department of Energy. Suman Das and John Halloran founded DDM Systems in March 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,137,782 |
$880,585 |
|
COGS |
$641,313 |
$433,916 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-272,498 |
$-575,110 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$52,192 |
$171,217 |
|
Accounts Receivable |
$0 |
$24,674 |
|
Total Assets |
$129,076 |
$917,966 |
|
Short-Term Debt |
$1,963,399 |
$2,479,800 |
|
Long-Term Debt |
$3,664,426 |
$3,664,417 |
|
Total Liabilities |
$5,627,825 |
$6,144,217 |
Financials as of: 05/12/2023
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