xCraft
American Drone Company
Overview
Raised: $148,195
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2022
Days Remaining
Funded
% of Min. Goal
1,483%
% of Max. Goal
3%
Likelihood of Max
Funded
Avg. Daily Raise
$975
# of Investors
111
Momentum
Funded
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Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
xCraft Enterprises, with a valuation of $48.9 million, is raising funds on StartEngine. The company designs and manufactures unmanned aerial systems for military and enterprise markets. The patented technologies of xCraft Enterprises are taking the drone industry to new heights, bringing improved safety and quality of life. xCraft Enterprises is backed by all five celebrity Shark Tank investors and has been featured in Techcrunch, Fortune, Business Insider, and MarketWatch. JD Claridge and Charles Manning founded xCraft Enterprises in 2017. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4,999,996.80. The campaign proceeds will be used for marketing, technology, and expansion.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$75,302 |
$680,677 |
COGS |
$88,255 |
$13,458 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-1,064,118 |
$-807,724 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$10,465 |
$33,392 |
Accounts Receivable |
$27 |
$47,450 |
Total Assets |
$238,873 |
$611,692 |
Short-Term Debt |
$1,235,421 |
$1,104,388 |
Long-Term Debt |
$328,326 |
$228,009 |
Total Liabilities |
$1,563,747 |
$1,332,397 |
Financials as of: 03/02/2022
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
xCraft | 04/30/2023 | PicMii | $53,872,550 | $15,388 | Equity - Common | Active | RegCF |
xCraft | 08/01/2022 | StartEngine | $48,874,963 | $148,195 | Equity - Common | Funded | RegCF |
xCraft | 02/03/2022 | StartEngine | $35,000,000 | $2,528,013 | Equity - Common | Funded | RegA+ |
xCraft | 02/29/2020 | StartEngine | $18,200,000 | $1,069,937 | Equity - Common | Funded | RegCF |
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