EO2 Concepts
Growth Stage
Oxygen-Enhanced Technology for Advanced Wound Healing and Skin Support
Overview
Raised: $196,216
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/14/2022
Close Date
02/09/2023
Min. Goal
$14,998
Max. Goal
$1,234,998
Min. Investment
$297
Security Type
Equity - Preferred
Series
Seed
Funding Type
RegCF
Price Per Share
$1.59
Pre-Money Valuation
$78,442,740
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
7
% of Min. Goal
1,308%
% of Max. Goal
16%
Likelihood of Max
Avg. Daily Raise
$2,453
# of Investors
81
Momentum
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Location
San Antonio, Texas
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
EO2 Concepts, with a valuation of $78.44 million, is raising funds on StartEngine. The company has developed advanced oxygen-enhanced technology for wound healing and skin support. The company’s flagship product, OxyGeni, is a wearable device that uses patented technology to close wounds, support soft tissue and skin restoration, shorten recovery time, reduce pain, and minimize scar formation. The technology of EO2 Concepts has been substantiated by multiple studies and has received positive social media responses. Mark Q. Niederauer founded EO2 Concepts in May 2007. The current crowdfunding campaign has a minimum target of $14,998.47 and a maximum target of $1.23 million. The campaign proceeds will be used to expand into new markets, including aesthetic and reconstructive surgery.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,130,220 |
$1,450,379 |
|
COGS |
$640,373 |
$346,961 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,517,980 |
$-2,692,694 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$72,823 |
$219,385 |
|
Accounts Receivable |
$1,024,322 |
$489,583 |
|
Total Assets |
$1,719,463 |
$1,477,228 |
|
Short-Term Debt |
$1,386,548 |
$900,240 |
|
Long-Term Debt |
$4,446,595 |
$2,707,598 |
|
Total Liabilities |
$5,833,143 |
$3,607,838 |
Financials as of: 11/14/2022
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