Overview

Raised to Date: Raised: $45,951

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

08/23/2022

Close Date

01/31/2023

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$12,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

02/04/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$287

# of Investors

107

Momentum

Funded

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Scripx Pharmacy & Health

Year Founded

2021

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Plano, Texas

Business Type

Growth

Company Website

Scripx Pharmacy & Health, with a valuation of $12 million, is raising funds on Republic. It is an on-demand delivery pharmacy service. The business is customer-centric and uses advanced technology to deliver, manage, and administer pharmacy services. The users can transfer their refills or new prescriptions to Scripx and get them delivered at their convenience. Scripx Pharmacy & Health reported a 300% increase in prescriptions delivered since the end of 2020 and a 250% revenue growth from 2020 to 2021. Jon Eaton founded Scripx Pharmacy & Health in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for expansion to new locations, marketing, and new partnerships.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$1,910,831	$557,891
COGS	$1,928,213	$453,488
Tax	$0	$0
Net Income	$-372,099	$-126,692

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$63,513	$6,579
Accounts Receivable	$119,000	$85,476
Total Assets	$940,877	$218,821
Short-Term Debt	$333,389	$131,483
Long-Term Debt	$761,455	$7,872
Total Liabilities	$1,094,844	$139,355

Financials as of: 08/23/2022

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Scripx is following in the footsteps of NowRx and Capsule. It’s a Dallas-based virtual pharmacy operating within the Dallas-Fort Worth metropolitan area. Scripx offers prescription fulfillment and delivery as well as limited telehealth services. Customers can use the company’s mobile app to upload insurance documents, track their prescriptions, and order refills. But there are a few things investors should consider before investing in a duplicative company like Scripx. Rather than blazing a new trail, it’s following the drug delivery service playbook created by NowRX and Capsule. And that comes with its own mix of advantages and disadvantages.

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