xCraft

American Drone Company

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

PicMii

Start Date

12/10/2022

Close Date

08/04/2023

Min. Goal
$9,994
Max. Goal
$57,485
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.60

Pre-Money Valuation

$53,872,550

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

08/03/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

COEUR D'ALENE, Idaho

Business Type

Growth

Company Website

xCraft, with a valuation of $53.8 million, is raising funds on PicMii. The company designs and manufactures unmanned aerial systems for military and enterprise markets. The patented technologies of xCraft are taking the drone 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 in 2017. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4,930,387.20. The campaign proceeds will be used for technology development, product development, growth, and marketing.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$75,302

$680,677

COGS

$88,255

$13,458

Tax

$0

$0

 

 

Net Income

$-1,064,118

$-807,724

Summary Balance Sheet

FY 2021 FY 2020

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: 12/10/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
xCraft 08/03/2023 PicMii $53,872,550 $0 Equity - Common Not Funded RegCF
xCraft 07/31/2022 StartEngine $48,874,963 $148,195 Equity - Common Funded RegCF
xCraft 02/02/2022 StartEngine $35,000,000 $2,528,013 Equity - Common Funded RegA+
xCraft 02/28/2020 StartEngine $18,200,000 $1,069,937 Equity - Common Funded RegCF
xCraft 07/06/2017 StartEngine $6,000,000 $1,096,733 Equity - Common 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

Funding data not publicly available

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xCraft on PicMii 2022
Platform: PicMii
Security Type: Equity - Common
Valuation: $53,872,550
Price per Share: $9.60

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