Stark Drones

Early Stage
Propelling into the Future
Overview
Raised: $31,441
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
64
% of Min. Goal
314%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$491
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Stark Drones, with a valuation of $20.6 million, is raising funds on NetCapital. The company is building technologies to disrupt the telecom and infrastructure industries. Stark Drones is building a variety of things, including air-powered batteries, cost-efficient internet balloons, distributed and decentralized grids, and power walls, to make huge strides in a variety of industries. The company has tested some of its products and aims to grow through research initiatives, potential joint ventures, government collaborations, and selling its products. Andrew Magdy Kamal founded Stark Drones in February 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $810,000. The campaign proceeds will be used for research and development, legal expenses, compensation for managers, starting a lab facility, marketing, hiring, and debt repayment.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-33,881 |
$-48,597 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$18,500 |
$1,025 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$43,934 |
$16,025 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$85,000 |
$84,000 |
Total Liabilities |
$85,000 |
$84,000 |
Financials as of: 09/27/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.