Drink LMNT

Growth Stage

A sugar-free electrolyte drink mix with everything you need + nothing you don't

Analytics

Raised to Date: Raised: $816,629

Aggregate Commitments $

Platform

Republic

Start Date

06/08/2022

Close Date

08/15/2022

Min. Goal

$25,000

Max. Goal

$4,000,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$200,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

51

% of Min. Goal

3,267%

% of Max. Goal

20%

Likelihood of Max
possible
Avg. Daily Raise

$48,037

Momentum
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Location

Naples, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Drink LMNT, with a valuation of $200 million, is raising funds on Republic. The company makes hydration drinks using sugar-free electrolytes. The products of Drink LMNT are science-backed, high on salt, and low on sugar to provide adequate functional and hydration benefits. Drink LMNT has been profitable since year one and is on a $50 million revenue run-rate as of Q1 2022. James Murphy and Robb Wolf founded Drink LMNT in December 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4,000,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$31,589,000

$7,053,000

COGS

$10,058,000

$1,872,000

Tax

$680,000

$251,000

 

 

Net Income

$1,974,000

$880,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,554,000

$1,324,000

Accounts Receivable

$644,000

$184,000

Total Assets

$10,899,000

$2,648,000

Short-Term Debt

$3,783,000

$769,000

Long-Term Debt

$770,000

$881,000

Total Liabilities

$4,553,000

$1,650,000

Financials as of: 06/08/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Drink LMNT 08/15/2022 Republic $200,000,000 $816,629 SAFE Active RegCF
Drink LMNT 10/08/2021 Republic $60,000,000 $533,173 SAFE Funded RegCF
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Drink LMNT on Republic 2022
$
Platform: Republic
Security Type: SAFE
Valuation: $200,000,000
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