esc Aerospace US
Early Stage
Position and Time Without GPS
Overview
Raised: $27,500
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
04/28/2022
Close Date
10/25/2022
Min. Goal
$600,000
Max. Goal
$1,000,000
Min. Investment
$1,000
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/24/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$154
# of Investors
10
Momentum
Not Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
esc Aerospace US is testing the waters on Silicon Prairie Online. The company has developed a solution that provides positioning, navigation, and timing (PNT) when GPS cannot. The solution, escPNT, is focused on multiple sensor and technology integration, use of signals opportunity, a software-defined radio, and a chip-scale ultra low power timing circuit. esc Aerospace US is already working for government agencies and has successfully delivered prototype systems to the Air Force and Army. Lars Weimer founded esc Aerospace US in June 2018. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $1,000,000. The campaign proceeds will be used to grow the engineering team, provide additional sales support, and accelerate product development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$592,711 |
$767,502 |
|
COGS |
$352,263 |
$542,184 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-32,436 |
$63,964 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$75,274 |
$0 |
|
Accounts Receivable |
$193,374 |
$137,503 |
|
Total Assets |
$270,239 |
$168,228 |
|
Short-Term Debt |
$227,705 |
$94,005 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$227,705 |
$94,005 |
Financials as of: 04/28/2022
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