Geyser Industries

Geyser Industries

Early Stage

Reduce Global Water Demand With Showers That Use Less Than 1 Gallon Of Water

Reduce Global Water Demand With Showers That Use Less Than 1 Gallon Of Water

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/30/2023

Close Date

03/01/2024

Min. Goal
$50,010
Max. Goal
$1,199,997
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.84

Early Bird Valuation

$7,994,250

Pre-Money Valuation

$9,996,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/02/2023

Days Remaining

90

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Year Founded

2017

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Montrose, Colorado

Company Website

Geyser Systems, with a valuation of $10 million, is raising funds on Wefunder. The company uses its patented technology to create its portable camping showers. Geyser Systems’ showers use only 0.8 gallons of water, last up to 15 minutes and clean two people. The product, EcoShower, has received several awards and accolades and is aimed at solving the global water crisis. Jonathan Ballesteros founded Geyser Systems in November 2017. The current crowdfunding campaign has a minimum target of $50,009.52 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing, raw materials, staffing, overhead, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$686,958

$1,036,674

COGS

$615,209

$865,719

Tax

$0

$0

 

 

Net Income

$-478,409

$-264,817

Summary Balance Sheet

FY 2022 FY 2021

Cash

$98,076

$156,383

Accounts Receivable

$39,701

$48,268

Total Assets

$480,023

$707,526

Short-Term Debt

$426,619

$359,343

Long-Term Debt

$963,524

$849,970

Total Liabilities

$1,390,143

$1,209,313
Financials as of: 10/30/2023
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Geyser Systems on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,996,000
Price per Share: $7.84

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