LUMEOVA

LUMEOVA

Early Stage

Ultra-Fast Wireless Connectivity

Ultra-Fast Wireless Connectivity

Overview

Raised this Round: Raised: $100,532

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/23/2024

Close Date

08/21/2024

Min. Goal
$14,999
Max. Goal
$1,235,000
Min. Investment

$499

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.69

Pre-Money Valuation

$30,044,414

Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

EnterpriseTech

Location

Raleigh, North Carolina

LUMEOVA, with a valuation of $30.04 million, is raising funds on StartEngine. The company is developing ultra-fast connectivity using its patented optical technology. LUMEOVA’s technology, WiRays, aims to provide secure connectivity with a performance of tens of Gigabits-per-second. The business has the potential to offer fiber optic speeds without the fiber and has 20 patents for its technology. Mohammad Ali Khatibzadeh founded LUMEOVA in December 2016. The current crowdfunding campaign has a minimum target of $14,998.75 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, working capital, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$813,177

$1,973,005

COGS

$452,080

$836,175

Tax

$0

$0

 

 

Net Income

$-323,772

$625,773

Summary Balance Sheet

FY 2023 FY 2022

Cash

$148,988

$639,285

Accounts Receivable

$0

$0

Total Assets

$148,988

$659,035

Short-Term Debt

$5,485

$1,534

Long-Term Debt

$0

$0

Total Liabilities

$5,485

$1,534

Financials as of: 05/23/2024
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LUMEOVA on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,044,414
Price per Share: $1.69

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