FloSpine

Growth Stage

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Analytics

Raised to Date: Raised: $84,210

Aggregate Commitments $

Platform

StartEngine

Start Date

09/30/2022

Close Date

01/02/2023

Min. Goal

$9,999

Max. Goal

$1,069,996

Min. Investment

$299

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.90

Pre-Money Valuation

$47,440,958

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

24

% of Min. Goal

842%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,203

# of Investors

80

Momentum
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Location

Boca Raton, Florida

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

FloSpine, with a valuation of $47.4 million, is raising funds on StartEngine. It is a medical device company using new technology and design concepts to solve problems related to the human spinal column. The spinal implants of FloSpine are innovative, cost-effective, high-margin, and lead to shorter hospital stays and improved patient outcomes. The KeyLift device fits in between the laminar of the spine and can be inserted through a small incision. Peter Harris founded FloSpine in June 2022. The current crowdfunding campaign has a minimum target of $9,999.20 and a maximum target of $1,069,995.60. The campaign proceeds will be used to launch new products, including a 3D-printed titanium cervical cage and a KeyLift expandable inter-laminar system.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,557,981

$1,254,783

COGS

$470,571

$280,235

Tax

$0

$0

 

 

Net Income

$-699,753

$-166,166

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$885,057

$68,182

Accounts Receivable

$160,731

$212,113

Total Assets

$2,164,439

$1,228,098

Short-Term Debt

$105,037

$176,552

Long-Term Debt

$1,962,359

$229,998

Total Liabilities

$2,067,396

$406,550

Financials as of: 09/30/2022
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FloSpine on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $47,440,958

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