McGinley Orthopedic Innovations

McGinley Orthopedic Innovations

Closed: Sep. 2023

About this raise: McGinley Orthopaedic Innovations is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. The company has developed its patented and FDA-cleared IntelliSense Drill Technology and the Lever Action Plate System. The IntelliSense Drill Technology is used to make a set of orthopedic power tools and accessories, while the Lever Action Plate System is a bone fixation implant system. McGinley Orthopaedic Innovations aims to utilize innovative engineering to improve patient outcomes and reduce costs. Joseph McGinley founded McGinley Orthopaedic Innovations in 2012. The current crowdfunding campaign has a maximum target of $40 million. The campaign proceeds will be used for marketing, product development, quality and compliance, partnerships and acquisitions, PPE expansion, and working capital.

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Investment Overview

Funding data not publicly available

Deal Terms

Logos provided by Clearbit
Platform
Rialto Markets
Start Date
09/13/2022
Close Date
Not Provided
Min. Goal
$100
Max. Goal
$40,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.25

Pre-Money Valuation

$237,529,690

Company & Team

Company

Year Founded
2012
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Casper, Wyoming
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Joseph McGinley
Title
CEO

Funding data not publicly available

Financials

 Revenue +33% YoY
$1,352,296
 Monthly Burn
$238,151
 Runway
6.8 months
View Detailed Financials Expand

Balance Sheet

Cash and Cash Equivalents

$1,624,273

Accounts and Notes Receivable

$137,360

Property, Plant and Equipment (PP&E)

$1,190,846
Total Assets

$4,983,251

Accounts Payable & Accrued Liabilities

$223,073

Long Term Debt

$0

Total Liabilities

$223,073

Total Stockholders' Equity

$4,760,178
Total Liabilities and Equity

$4,983,251

Statement of Comprehensive Income Information

Total Revenues

$1,352,296

Costs & Expenses Applicable to Rev

$4,070,919

Depreciation and Amortization

$50,966
Net Income

$-2,857,806

Earnings Per Share - Basic

$-0.06

Earnings Per Share - Diluted

$-0.06
Auditor: Assurance DImensions
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,300,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/13/2023 Rialto Markets $237,529,690 - Equity - Common Funded RegA+
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McGinley Orthopaedic Innovations on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $237,529,690
Price per Share: $5.25

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