Fisher Wallace Laboratories

Medical Devices for Mood and Sleep

Analytics

Raised to Date: Raised: $175,726

Aggregate Commitments $

Platform

StartEngine

Start Date

08/03/2022

Close Date

09/01/2022

Min. Goal

$9,999

Max. Goal

$1,000,085

Min. Investment

$194

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$8.81

Pre-Money Valuation

$81,236,323

Rolling Commitments $

Status

Active

Reporting Date

08/14/2022

Days Remaining

18

% of Min. Goal

1,757%

% of Max. Goal

18%

Likelihood of Max
unlikely
Avg. Daily Raise

$15,975

Momentum
hot.svg
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Location

Brooklyn, New York

Industry

Fitness & Wellness

Tech Sector

Medtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Fisher Wallace Laboratories, with a valuation of $81.2 million, is raising funds on StartEngine. The company manufactures and sells wearable medical devices for mood and sleep disorders, including insomnia, anxiety, and depression. The product of Fisher Wallace Laboratories, Fisher Wallace Stimulator, stimulates the brain to produce serotonin and modulates brainwave activity. The company has generated $40 million in lifetime revenue and has 14,000 prescribers. Kelly Roman and Charles Fisher founded Fisher Wallace Laboratories in August 2019. The current crowdfunding campaign has a minimum target of $9,999.35 and a maximum target of $1,000,084.77. The campaign proceeds will be used to release OAK (Version 2) and expand.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,230,290

$4,250,866

COGS

$623,703

$970,761

Tax

$250

$1,597

 

 

Net Income

$-3,262,291

$-1,823,732

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,929,380

$695,749

Accounts Receivable

$0

$2,302

Total Assets

$1,999,403

$853,359

Short-Term Debt

$471,468

$725,122

Long-Term Debt

$576,525

$620,416

Total Liabilities

$1,047,993

$1,345,538

Financials as of: 08/03/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fisher Wallace Laboratories 09/01/2022 StartEngine $81,236,323 $175,726 Equity - Common Active RegCF
Fisher Wallace Laboratories 05/27/2022 StartEngine $80,048,889 $1,279,724 Equity - Common Funded RegCF
Fisher Wallace Laboratories 10/26/2021 StartEngine $40,000,000 $5,010,683 Equity - Common Funded RegA+
Fisher Wallace Laboratories 03/09/2020 StartEngine $15,000,000 $1,056,480 Equity - Common Funded RegCF
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Fisher Wallace Laboratories on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $81,236,323
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