TransSiP

Early Stage

Breaking Digital Limits With 2 Million Chips Sold

Overview

Raised to Date: Raised: $139,795

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/23/2023

Close Date

03/24/2023

Min. Goal

$9,997

Max. Goal

$1,234,999

Min. Investment

$328

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$3.28

Pre-Money Valuation

$32,800,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

51

% of Min. Goal

1,398%

% of Max. Goal

11%

Likelihood of Max
possible
Avg. Daily Raise

$15,533

# of Investors

60

Momentum
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Location

Irvine, California

Industry

Business Services, Software, & Applications

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

TransSiP, with a valuation of $32.8 million, is raising funds on StartEngine. It is a semiconductor manufacturing company that enables devices to maximize their performance while saving power. The patented TransSiP PI noise reduction technology helps to provide higher power savings, accuracy, and signal clarity. The company has sold over two million chips and has maintained a positive cash flow since 2019. Desmond Wong founded TransSiP in February 2014. The current crowdfunding campaign has a minimum target of $9,997.44 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$437,012

$329,454

COGS

$202,007

$159,853

Tax

$1,154

$1,004

 

 

Net Income

$105,999

$101,224

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,652

$110,196

Accounts Receivable

$102,960

$9,315

Total Assets

$214,660

$123,561

Short-Term Debt

$9,939

$33,322

Long-Term Debt

$137,222

$128,738

Total Liabilities

$147,161

$162,060

Financials as of: 01/23/2023
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TransSiP on StartEngine 2023
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $32,800,000

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