OYO Fitness
Growth Stage
Fitness That Fits Your Lifestyle
Overview
Raised: $357,480
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/15/2022
Close Date
07/19/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$16,556,988
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,837
# of Investors
317
Momentum
Funded
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Year Founded
2021
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
OYO Fitness, with a valuation of $16.6 million, is raising funds on StartEngine. It is a fitness and health company that makes fitness accessible to everyone, anytime, anyplace. The flagship product of OYO Fitness is NOVA Personal Gym and plans to launch new products, including SpiraFlex powered OYO and NOVA Gyms, SpiraGym home gyms, and OYO Total Body Massagers. OYO Fitness has also developed SpiraFlex Resistance Technology for NASA. Paul Francis founded OYO Fitness in December 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to launch new products.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$4,344,154 |
$11,078,510 |
|
COGS |
$2,445,024 |
$5,737,776 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-964,551 |
$-10,860 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$150,142 |
$54,571 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$497,717 |
$248,472 |
|
Short-Term Debt |
$3,286,745 |
$2,214,117 |
|
Long-Term Debt |
$82,243 |
$105,850 |
|
Total Liabilities |
$3,368,988 |
$2,319,967 |
Financials as of: 03/15/2022
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