Hexact

Early Stage
No-code workflow automation made easy
Overview
Raised: $84,322
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
843%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$4,015
# of Investors
100
Momentum
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Hexact, with a valuation of $10.77 million, is raising funds on StartEngine. The company has developed workflow automation software to automate tedious and repetitive tasks. The platform enables businesses to automate time-consuming processes, including sales, marketing, and research tasks, with its readymade workflows. Hexact has doubled its year-over-year revenue for three consecutive years and reached $1 million in annual revenue in 2022. Stepan Aslanyan, Christopher Closset, Vahe Sargsyan, and Armen Avakian founded Hexact in February 2019. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $998,999.85. The campaign proceeds will be used for research and development, company employment, and working capital.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$479,684 |
$164,209 |
COGS |
$534,651 |
$126,853 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-224,339 |
$-1,949 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$10,917 |
$18,410 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$16,017 |
$18,410 |
Short-Term Debt |
$49,707 |
$263 |
Long-Term Debt |
$255,000 |
$32,500 |
Total Liabilities |
$304,707 |
$32,763 |
Financials as of: 03/02/2023
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