Q Med Innovations

Q Med Innovations

Growth Stage

Bridging the Gap in Surgical Inventory Analytics

Bridging the Gap in Surgical Inventory Analytics

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

09/06/2023

Close Date

11/17/2023

Min. Goal
$10,000
Max. Goal
$1,200,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.20

Pre-Money Valuation

$14,807,459

Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Middletown, Rhode Island

Business Type

Growth

QMed Innovations, with a valuation of $14,807,459, is raising funds on Netcapital. The company is a wireless asset management and data aggregation entity that focuses on enabling medical device manufacturers, hospitals, labs, and distributors to track surgical trays and instruments. Their flagship product, Quest, provides stakeholders with 100% visibility on assets, offering daily location updates, historical inventory data, and ensuring ease of regulatory compliance. Victor Nunes founded QMed Innovations in 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,200,000. The campaign proceeds will be used for Payroll, Research & Development, Inventory, Marketing, Legal & Professional, Administrative, and Intermediary fees.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$57,278

$16,820

COGS

$11,180

$8,935

Tax

$0

$0

 

 

Net Income

$-3,117,138

$-1,694,694

Summary Balance Sheet

FY 2022 FY 2021

Cash

$163,205

$2,282,254

Accounts Receivable

$38,797

$36,312

Total Assets

$1,381,117

$2,832,770

Short-Term Debt

$27,358

$58,994

Long-Term Debt

$61,424

$41,006

Total Liabilities

$88,782

$100,000

Financials as of: 09/06/2023
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QMed Innovations on Netcapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $14,807,459
Price per Share: $0.20

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Follow QMed Innovations on Netcapital 2023

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