Flower Turbines

Overview

Raised this Round: Raised: $358,089

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/05/2024

Close Date

12/04/2024

Min. Goal
$9,996
Max. Goal
$3,276,826
Min. Investment

$420

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$14.00

Pre-Money Valuation

$148,106,364

Year Founded

2013

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Lawrence, New York

Flower Turbines, with a valuation of $148.11 million, is raising funds on StartEngine. The company has created small wind turbines that are sleek, innovative, and efficient. Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. The company has launched manufacturing and sales in the US and Europe and is scaling up manufacturing and sales with its 30-strong patent portfolio. Dr. Mark Daniel Farb founded Flower Turbines in December 2019. The current crowdfunding campaign has a minimum target of $9,996 and a maximum target of $3.3 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$312,307

$247,208

COGS

$470,736

$573,805

Tax

$0

$0

 

 

Net Income

$-3,509,305

$-3,703,396

Summary Balance Sheet

FY 2023 FY 2022

Cash

$9,025

$252,441

Accounts Receivable

$300,547

$123,909

Total Assets

$1,598,405

$669,654

Short-Term Debt

$119,151

$98,444

Long-Term Debt

$161,396

$106,659

Total Liabilities

$280,547

$205,103

Financials as of: 09/05/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Flower Turbines 12/04/2024 StartEngine $148,106,364 $358,089 Equity - Common Active RegCF
Flower Turbines 05/31/2024 StartEngine $133,682,160 $1,798,586 Equity - Common Funded RegCF
Flower Turbines 02/22/2024 StartEngine $124,570,000 $4,558,015 Equity - Common Funded RegA+
Flower Turbines 12/30/2021 StartEngine $61,700,000 $9,175,306 Equity - Common Funded RegA+
Flower Turbines 02/25/2021 StartEngine $26,017,770 $1,032,120 Equity - Common Funded RegCF
Flower Turbines 11/30/2019 StartEngine $7,600,000 $1,069,804 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Flower Turbines on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $148,106,364
Price per Share: $14.00

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