Cytonics

Cytonics

Growth Stage

Our mission is to rid the world of the pain, suffering, and reduced quality of life caused by Osteoarthritis (OA).

Our mission is to rid the world of the pain, suffering, and reduced quality of life caused by Osteoarthritis (OA).

Overview

Raised to Date: Raised: $2,896,943

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/12/2023

Close Date

05/28/2024

Min. Goal
$9,998
Max. Goal
$4,837,293
Min. Investment

$499

Security Type

Equity - Preferred

Series

Series D

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.30

Pre-Money Valuation

$65,792,080

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/27/2024

Days Remaining

31

% of Min. Goal

28,975%

% of Max. Goal

60%

Likelihood of Max
unlikely
Avg. Daily Raise

$21,146

# of Investors

1,321

Momentum
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Year Founded

2006

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Jupiter, Florida

Business Type

Growth

Cytonics, with a valuation of $65.8 million, is raising funds on StartEngine. The company is a leader in regenerative medicine and has developed innovative therapies for musculoskeletal diseases like osteoarthritis. Cytonics has created an Autologous Platelet Integrated Concentration system concentrating A2M from patients’ blood to treat their own damaged joints. The company has a strong IP portfolio with 22 issued US and international patents. Gaetano Scuderi founded Cytonics Corporation in July 2006. The current crowdfunding campaign has a minimum target of $9,998.10 and a maximum target of $3.3 million. The campaign proceeds will be used for research and development, company employment, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$417,500

$405,000

COGS

$2,370,360

$3,175,764

Tax

$0

$0

 

 

Net Income

$-2,844,674

$-1,927,629

Summary Balance Sheet

FY 2023 FY 2022

Cash

$602,933

$1,166,390

Accounts Receivable

$120,000

$100,000

Total Assets

$1,030,187

$1,437,976

Short-Term Debt

$295,503

$304,246

Long-Term Debt

$176,319

$0

Total Liabilities

$471,822

$304,246

Financials as of: 12/12/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cytonics 05/27/2024 StartEngine $65,792,080 $2,896,943 Equity - Preferred Active RegCF
Cytonics 03/30/2023 Dealmaker Securities $58,915,995 $1,695,868 Equity - Preferred Funded RegCF
Cytonics 10/13/2022 SeedInvest $58,915,996 $2,633,766 Equity - Preferred Funded RegCF / RegD 506(c)
Cytonics 04/29/2021 SeedInvest $46,701,000 $4,667,638 Equity - Preferred Funded RegA+
Cytonics 05/17/2019 SeedInvest $32,400,000 $494,344 Convertible Note Funded RegCF / RegD 506(c)
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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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Cytonics on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $65,792,080
Price per Share: $2.30

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