Metric Medical Devices

Early Stage

Bringing Bones Together

Overview

Raised to Date: 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
unlikely
Avg. Daily Raise

$5,215

# of Investors

146

Momentum
warm.svg
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Location

Helotes, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

Growth

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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Metric Medical Devices on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $29,780,447

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