20/20 GeneSystems

20/20 GeneSystems

Growth Stage

Diagnostic Testing for COVID-19 & Cancer

Diagnostic Testing for COVID-19 & Cancer

Overview

Raised to Date: Raised: $2,903,017

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/07/2020

Close Date

06/27/2021

Min. Goal
$502
Max. Goal
$14,700,000
Min. Investment

$502

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$4.40

Pre-Money Valuation

$38,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,416

# of Investors

2,815

Momentum
Funded
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Year Founded

2000

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Rockville, Maryland

Business Type

Growth

20/20 GeneSystems, with a pre-money valuation of $38.5 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a diagnostics company with a successful track record in cancer detection with its AI-powered multi-cancer blood test, OneTest. The company has recently launched CoronaCheck, its FDA authorized antibody lab test for COVID-19 antibodies. 20/20 GeneSystems was founded by Jonathan Cohen in 2000. The current round of funding has a round size of $14,700,000, and the proceeds will be used for sales and marketing, research and development, intellectual property development and protection, and cybersecurity and patient privacy protections. 20/20 GeneSystems has already sold over 70,000 COVID-19 antibody tests since its launch in March 2020, and year-over-year revenues have grown by over 600%.

Balance Sheet

Cash and Cash Equivalents

$636,018

Investment Securities

$1,647,806

Accounts and Notes Receivable

$32,498

Property, Plant and Equipment (PP&E)

$48,924

Total Assets

$3,125,886

Accounts Payable & Accrued Liabilities

$898,785

Long Term Debt

$0

Total Liabilities

$976,560

Total Stockholders' Equity

$2,149,326

Total Liabilities and Equity

$3,125,886

Statement of Comprehensive Income Information

Total Revenues

$288,300

Costs & Expenses Applicable to Rev

$263,917

Depreciation and Amortization

$23,550

Net Income

$-2,425,338

Earnings Per Share - Basic

$-0.51

Earnings Per Share - Diluted

$-0.51

Auditor: Dbbmckennon
Financials as of: 01/07/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
20/20 GeneSystems 12/20/2022 StartEngine $58,400,000 $232,704 Convertible Note Funded RegCF
20/20 GeneSystems 06/26/2021 StartEngine $38,500,000 $2,903,017 Equity - Preferred Funded RegA+
20/20 GeneSystems 10/31/2020 SeedInvest $38,500,000 $3,792,229 Equity - Preferred Funded RegA+
20/20 GeneSystems 12/13/2017 Microventures $23,000,000 $1,064,807 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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20/20 GeneSystems on StartEngine
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $38,500,000
Price per Share: $4.40

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