Tamarack Aerospace Group

Tamarack Aerospace Group

Closed: Apr. 2022

About this raise

Tamarack Aerospace Group, with a valuation of $136 million, is raising funds on StartEngine. The company has created its groundbreaking SMARTWING technology to revolutionize the aviation industry. The technology helps in maximizing flight, increasing aircraft efficiency, and decreasing carbon dioxide emissions. Tamarack Aerospace Group’s SMARTWING technology has already been implemented in 150 CitationJets and is undergoing testing for military and civilian use. Nick Guida founded Tamarack Aerospace Group in June 2010. The current crowdfunding campaign has a minimum target of $9,998.51 and a maximum target of $4,999,999.24. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $334,491

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/08/2022
Close Date
04/30/2022
Min. Goal
$9,999
Max Goal
$4,999,999
Min. Investment

$487

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.43

Pre-Money Valuation

$135,916,586

Company & Team

Company

Year Founded
2010
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Sandpoint, Idaho
Business Type
Growth
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
No
Founder Name
Nick Guida
Title
CEO

Financials

 Revenue +78% YoY
$4,049,299
 Monthly Burn
$212,879
 Runway
1.8 months
 Gross Margin
51%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,049,299

$2,277,589

COGS

$1,974,958

$1,411,304

Tax

$0

$0

 

 

Net Income

$-2,554,548

$-3,294,398

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$385,368

$97,977

Accounts Receivable

$203,019

$163,336

Total Assets

$3,312,315

$3,379,769

Short-Term Debt

$2,214,266

$6,632,647

Long-Term Debt

$9,161,144

$2,477,555

Total Liabilities

$11,375,410

$9,110,202

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 StartEngine $135,916,586 $334,491 Equity - Common Funded RegCF
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Tamarack Aerospace Group on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $135,916,586
Price per Share: $4.43

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