Metric Medical Devices
Early Stage
Bringing Bones Together
Overview
Raised: $370,299
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/22/2022
Close Date
03/21/2023
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$199
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$1.15
Pre-Money Valuation
$29,780,447
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
48
% of Min. Goal
3,703%
% of Max. Goal
35%
Likelihood of Max
Avg. Daily Raise
$5,215
# of Investors
146
Momentum
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Location
Helotes, Texas
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Metric Medical Devices, with a valuation of $29.8 million, is raising funds on StartEngine. The company develops minimally invasive products and technologies for the orthopedic extremity industry. The business is innovating bone fixation implants to compress bones to stimulate their growth and enhance healing, and transform the standards of musculoskeletal repair. Metric Medical Devices has generated $10.5 million in revenue with its market trials and is ready to launch its two new products. Dr. William Casey Fox founded Metric Medical Devices in April 2009. The current crowdfunding campaign has a minimum target of $9,999.25 and a maximum target of $1.07 million. The campaign proceeds will be used to develop new products and launch them commercially.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$914,663 |
$987,059 |
|
COGS |
$89,618 |
$178,692 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-663,614 |
$-624,405 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,981 |
$13,831 |
|
Accounts Receivable |
$81,863 |
$123,661 |
|
Total Assets |
$686,127 |
$861,946 |
|
Short-Term Debt |
$154,937 |
$189,697 |
|
Long-Term Debt |
$1,784,946 |
$1,488,032 |
|
Total Liabilities |
$1,939,883 |
$1,677,729 |
Financials as of: 11/22/2022
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