TransSiP
Early Stage
Breaking Digital Limits With 2 Million Chips Sold
Overview
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
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
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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Analyst Report
Pending Review