QuickLoadz Intermodal Robotics

QuickLoadz Intermodal Robotics

Growth Stage

The automated container trailer – creates supply chain agility and resilience

The automated container trailer – creates supply chain agility and resilience

Overview

Raised to Date: Raised: $147,982

Total Commitments ($USD)

Platform

Republic

Start Date

01/25/2024

Close Date

04/25/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,644

# of Investors

250

Momentum
Funded
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Year Founded

2013

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Athens, Ohio

Business Type

Growth

QuickLoadz Intermodal Robotics, with a valuation of $20 million, is raising funds on Republic. The company makes smartphone-controlled robotic trailers for faster, safer, and easier shipping. QuickLoadz Intermodal Robotics’ hardware consists of Wi-Fi-enabled and computer-controlled trailers that drivers operate using their smartphones and can load or unload 60,000 pounds of merchandise in less than three minutes. The platform solves final-mile distribution problems faced by companies like Amazon and has generated $10 million in revenue to date. Sean Jones and Bridget Liar founded QuickLoadz in April 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for production, sales and marketing, and infrastructure.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,195,054

$1,861,671

COGS

$1,268,035

$1,165,116

Tax

$0

$0

 

 

Net Income

$-1,675,106

$-133,679

Summary Balance Sheet

FY 2022 FY 2021

Cash

$771,779

$187,159

Accounts Receivable

$38,357

$191,880

Total Assets

$3,900,003

$2,837,889

Short-Term Debt

$931,392

$763,005

Long-Term Debt

$5,560,856

$2,801,121

Total Liabilities

$6,492,248

$3,564,126

Financials as of: 01/25/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
QuickLoadz Intermodal Robotics 04/24/2024 Republic $20,000,000 $147,982 SAFE Funded RegCF
QuickLoadz 04/18/2022 Republic $12,000,000 $387,827 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Analyst Report

Synopsis

The logistics and supply chain industry is the backbone of global trade, yet it faces significant challenges, particularly in the final mile of distribution. QuickLoadz Intermodal Robotics addresses these challenges by revolutionizing how shipping containers are moved. The company has developed a groundbreaking solution: smartphone-controlled robotic trailers that can rapidly load or unload up to 60,000 pounds of merchandise in under three minutes. This innovation is faster, safer, and easier than traditional methods, providing a much-needed answer to the complexities of final-mile distribution.

QuickLoadz Intermodal Robotics' Wi-Fi-enabled and computer-controlled trailers are designed to interact seamlessly with a driver's smartphone, offering convenience and efficiency previously unseen in the shipping industry. With $10 million in revenue already generated, QuickLoadz demonstrates a proven demand for its technology. The company's hardware is primed to tap into the burgeoning Freight Transportation market, leveraging its unique value proposition to create supply chain agility and resilience.

Founded in April 2013 by Sean Jones and Bridget Liar, QuickLoadz has successfully field-tested its trailers, confirming their reliability and effectiveness. The company is growing, seeking funds on Republic to scale production, establish a national sales and service network, and promote its innovative solution to a wider audience. With a valuation of $20 million, QuickLoadz's current crowdfunding campaign aims to raise between $50,000 and $618,000, which will be strategically invested in production, sales and marketing, and infrastructure enhancement.

Next Section: Price

Price

QuickLoadz Intermodal Robotics is currently raising funds with a valuation cap of $20 million on a SAFE (Simple Agreement for Future Equity). The company's proprietary technology, which has facilitated $10 million in revenue to date, positions it as a potentially significant player in the logistics and supply chain industry. With a product that can load or unload substantial weight in a minimal amount of time, QuickLoadz is well-positioned to solve final-mile distribution challenges for major companies.

However, the revenue multiple of 16.74x based on last fiscal year revenue of $1,195,054 suggests that the company may be overvalued. The business's high capital intensity and the reported annual revenue decline of -35.80% are concerning factors. This decline indicates that the company may be facing challenges in scaling its operations or market adoption, which investors should consider when evaluating the potential for future growth and returns.

For investors to achieve a 10X return, QuickLoadz would need to grow its valuation to $200 million (not accounting for dilution). Given pre-profitability and revenue contraction, significant improvements in sales performance, market penetration, and operational efficiency would be necessary. The company's success will likely depend on its ability to scale production, expand its sales and service network, and effectively market its unique value proposition to a broader audience.

Investors should also be mindful of the high level of long-term debt ($5,560,856) relative to the company's total assets ($3,900,003) and cash reserves ($771,779). This financial leverage could impact the company's flexibility and growth potential. As QuickLoadz Intermodal Robotics is not VC-backed, the fundraising campaign on Republic plays a crucial role in the company's ability to finance its ambitious growth plans.

Next Section: Market

Market

QuickLoadz Intermodal Robotics operates in the logistics, delivery, and supply chain industry, specifically within the niche market of shipping container movement. The addressable market for QuickLoadz is tied to the larger US Freight Transportation market, valued at $18.2 billion. This market is expected to grow at a CAGR of 15.3%, indicating a robust expansion trajectory on which QuickLoadz can capitalize. 

Despite the presence of established competitors in the broader logistics industry, QuickLoadz's specific niche—smartphone-controlled robotic trailers—is only slightly competitive. This suggests that the company has room to grow and capture market share, particularly since it has already demonstrated market acceptance with $10 million in revenue and a high-performance product ready for scale-up.

QuickLoadz's business model, which emphasizes recurring revenue streams, positions the company to build long-term customer relationships and generate steady income. The low regulatory environment in which QuickLoadz operates further simplifies the path to market expansion and reduces barriers to entry for innovations.

Next Section: Team

Team

QuickLoadz Intermodal Robotics is spearheaded by CEO Sean Jones and CFO Bridget Lair. Jones, with a decade of relevant industry experience, has been instrumental in developing the company's innovative smartphone-controlled robotic trailers. His vision to revolutionize the logistics and supply chain industry with technology that can load or unload significant weight in a matter of minutes is a testament to his forward-thinking and high-level managerial skills. Jones' leadership is further evidenced by the $10 million in revenue generated by the company to date.

Lair complements Jones with over 16 years of industry experience and a strong grasp of financial oversight, critical for the company's fiscal health and scalability. Together, they have grown the team to 30 members, indicating a medium growth since the last funding round. This growth is a positive sign of the company's trajectory and its ability to attract and retain talent.

While the company is not VC-backed, the founders' dedication and the team's ability to generate significant revenue without prior venture capital investment is notable. QuickLoadz's success in field testing and its plans to scale production and establish a national sales and services network demonstrate the team's commitment to growth and innovation in the logistics industry.

Next Section: Differentiation

Differentiation

QuickLoadz Intermodal Robotics distinguishes itself in the logistics and supply chain industry by offering an innovative solution to the final-mile distribution challenge—a persistent problem for companies like Amazon. Their smartphone-controlled robotic trailers represent a significant leap forward regarding efficiency, safety, and ease of use for shipping container movement. The capability to load or unload up to 60,000 pounds of merchandise in under three minutes without additional infrastructure like forklifts or loading docks is a powerful differentiator that sets QuickLoadz apart from traditional methods.

With a Wi-Fi-enabled and computer-controlled product, QuickLoadz offers a high level of convenience and technological advancement. The use of a smartphone as a control interface underscores the company's commitment to leveraging modern technology to streamline logistics operations. This level of innovation is underscored by the company's $10 million in revenue to date, which indicates market validation and user acceptance. By solving a critical pain point in the shipping container market, which forms the backbone of global trade, QuickLoadz positions itself as a leader in the next generation of shipping and logistics solutions.

The company's high differentiation in quality, evidenced by its existing patents, suggests that it has developed proprietary technology that is not easily replicable, contributing to high barriers to entry in this space. The competitive landscape is only slightly competitive, indicating that QuickLoadz has carved out a niche where it can grow and scale effectively, especially considering its plans to expand production and establish a national sales and service network.

Next Section: Performance

Performance

The company's annual revenue declined 35.8% to $1.2 million. This downturn suggests that while QuickLoadz has a compelling product offering, challenges in market penetration, sales execution, or competitive pressures may be impacting its financial performance. The company is in a pre-profit phase, typical for businesses focused on growth and market expansion. However, the reported monthly burn rate of approximately $139,592 indicates that the company is consuming capital significantly to sustain its operations and growth efforts.

QuickLoadz has shown moderate progress in product development and achieved moderate growth in both its team and user/customer/client base since the last funding round. 

The competitive landscape for QuickLoadz is described as slightly competitive, which may offer the company an advantage in capturing market share. However, to capitalize on this opportunity, QuickLoadz must effectively scale production, build a national sales and services network, and increase market awareness of its offerings.

Next Section: Risk

Risk

QuickLoadz Intermodal Robotics presents unique risks that potential investors should consider. The company operates in the logistics and supply chain industry, which traditionally has high competition and complex operations. QuickLoadz's software-centric approach to logistics through its smartphone-controlled robotic trailers is innovative but also requires market acceptance of this new technology.

The company's financial health reveals a risk tied to its high burn rate and negative annual revenue growth. Despite generating $10 million in revenue, QuickLoadz experienced a significant decline in annual revenue, down by 35.8% from the previous fiscal year. Coupled with a monthly high burn rate of $139,592.17, the company's sustainability relies on continuous capital infusion.

Additionally, while QuickLoadz has developed a solution that addresses final-mile distribution challenges and secured patents, it still needs to significantly scale its sales and distribution networks. This scaling is resource-intensive and may require a longer period and substantial investments to establish a comprehensive national sales and services network.

Furthermore, QuickLoadz currently has short-term debt and substantial long-term debt, which may risk the company's cash flow and financial stability. Investors should know that this level of indebtedness could affect the company's ability to invest in growth initiatives and may lead to financial constraints. Additionally, a former employee named the company in a lawsuit in 2023, which seems to have been dismissed.

Next Section: Bullish Outlook

Bullish Outlook

QuickLoadz Intermodal Robotics presents a compelling investment opportunity as it stands at the forefront of logistics and supply chain innovation. The company's proprietary technology—a smartphone-controlled robotic trailer system—addresses a critical need in the market by enabling the rapid, safe, and easy movement of shipping containers. The capacity to load and unload 60,000 pounds of merchandise in under three minutes without additional infrastructure is a game-changer, particularly when dealing with the final-mile distribution challenges that companies like Amazon face.

With a reported $10 million in revenue, QuickLoadz demonstrates a proven market demand for its innovative solution. The company's technology is not only patented, ensuring a competitive edge, but also has already seen real-world application, with thousands of containers moved and millions of miles traveled. This practical validation of their system underpins the credibility of their offering.

Given the sheer volume of global trade reliant on shipping containers, QuickLoadz's addressable market is substantial. While there are high barriers to entry in this space, QuickLoadz has already surmounted these with its patented technology and established user base. The logistical sector's increasing need for efficiency and agility, particularly in light of recent global disruptions, positions QuickLoadz to capitalize on these trends as it scales its operations.

Next Section: Bearish Outlook

Bearish Outlook

The valuation of QuickLoadz Intermodal Robotics, at $20 million, must be scrutinized, especially considering its revenue multiple of 16.74x, which is quite high for a company in the logistics, delivery, and supply chain industry. This raises concerns about overvaluation, particularly for a pre-profit company. While QuickLoadz's innovative smartphone-controlled robotic trailer technology is impressive, the company's actual financial performance appears to lag, with an annual revenue growth of -35.8% and a substantial net loss of $1,675,106.00 in the most recent fiscal year.

Although not as competitive as others, the logistics industry still requires significant capital to scale, and QuickLoadz has a high capital intensity level. The company's monthly burn rate of $139,592.17 signals that substantial cash reserves are necessary to sustain operations until profitability can be achieved. With only $771,779.00 in cash and cash equivalents recorded at the end of the most recent fiscal year, there is a clear risk of QuickLoadz running out of funds before becoming cash flow positive, which could lead to dilution of current investors or even financial insolvency.

In summary, despite QuickLoadz's innovative product and patented technology, the company’s financials raise serious concerns about its ability to reach profitability, justify its valuation, and manage the capital-intensive nature of its business model. 

Next Section: Executive Summary

Executive Summary

QuickLoadz Intermodal Robotics is innovating in the logistics and supply chain industry with its unique smartphone-controlled robotic trailers. Designed to move ISO shipping containers rapidly and safely, QuickLoadz's trailers can handle up to 60,000 pounds of merchandise and load or unload in under three minutes. This represents a significant advancement in addressing final-mile distribution challenges. The company's solution is particularly relevant as e-commerce giants like Amazon seek more efficient logistics solutions.

The company has generated $10 million in revenue and secured patents for its technology, reflecting its commitment to innovation and intellectual property protection. However, with a high monthly burn rate of $139,592.17 and a net income loss of $1,675,106 at the end of the most recent fiscal year, QuickLoadz faces financial challenges that it aims to address through its current fundraising efforts on Republic.

The company seeks to raise between $50,000 and $618,000 with a pre-money valuation of $20 million, allocated towards production, sales and marketing, and infrastructure. This capital infusion is critical for QuickLoadz as it strives to scale production and establish a national sales and service network. 

While QuickLoadz operates in a slightly competitive market with high barriers to entry, the company's innovative approach to container movement could create the supply chain agility and resilience the industry needs. 

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QuickLoadz Intermodal Robotics on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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