fouRy

fouRy

Early Stage

Simply The World's Best Spray Technology

Simply The World's Best Spray Technology

Overview

Raised this Round: Raised: $133,998

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/17/2022

Close Date

11/18/2022

Min. Goal
$10,000
Max. Goal
$1,069,997
Min. Investment

$215

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.15

Pre-Money Valuation

$12,074,594

Year Founded

2016

Industry

Industrial Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Albuquerque, New Mexico

Business Type

Growth

fouRy, with a valuation of $12.1 million, is raising funds on StartEngine. The company has developed the world’s best spray technology that creates its own propulsion and economizes on fluid or powder usage. The fouRy spraying technology is charge-injected, low-power, and minimizes environmentally harmful drift and overspray. The Spray Triode Atomizer of fouRy uses Charge-Injected Precision Spraying (ChIPS) for superior performance at a competitive cost. Arnold Kelly and Robert Allen Gore founded fouRy in February 2016. The current crowdfunding campaign has a minimum target of $9,999.65 and a maximum target of $1,069,996.95. The campaign proceeds will be used for upgrading the lab, hiring technicians and engineers, paying for design consultation, paying for patents, and operating costs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$25,829

$179,851

COGS

$53,394

$116,009

Tax

$0

$0

 

 

Net Income

$-294,375

$-134,490

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,169

$5,283

Accounts Receivable

$5,428

$21,000

Total Assets

$33,237

$26,974

Short-Term Debt

$98,422

$101,385

Long-Term Debt

$0

$15,176

Total Liabilities

$98,422

$116,561

Financials as of: 08/17/2022
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fouRy on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,074,594
Price per Share: $2.15

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