Tamarack Aerospace Group

Tamarack Aerospace Group

Growth Stage

SMARTWING™ Technology

SMARTWING™ Technology

Overview

Raised this Round: Raised: $334,491

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/07/2022

Close Date

04/30/2022

Min. Goal
$9,999
Max. Goal
$4,999,999
Min. Investment

$487

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.43

Pre-Money Valuation

$135,916,586

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

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.

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

Financials as of: 02/07/2022
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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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