Parallel Flight Applied sciences on StartEngine 2023

By
admin
-
0
Parallel Flight Applied sciences on StartEngine 2023


Overview

Safety Kind

Fairness – Frequent

Pre-Cash Valuation

$82,358,840

Rolling Commitments ($USD)

Reporting Date

02/07/2023

Probability of Max

Momentum

cold.svg

Create a free account as we speak to realize entry to KingsCrowd analytics.

Location

La Selva Seaside, California

Trade

Transportation, Automotive, Aviation, & Aerospace

Parallel Flight Applied sciences, with a valuation of $82.36 million, is elevating funds on StartEngine. The corporate has created a patent-pending drone expertise that may enable drones to hold heavy masses for greater than two hours. This can assist in saving lives, property, and the setting. The progressive expertise of Parallel Flight Applied sciences is known as Parallel Hybrid Electrical Multirotor (PHEM) and is funded by NASA, NSF, and USDA. David Adams and Bobby Hulter based Parallel Flight Applied sciences in 2018. The present crowdfunding marketing campaign has a minimal goal of $10,000 and a most goal of $3.7 million. The marketing campaign proceeds can be used for operations and dealing capital.

Abstract Revenue and Loss Assertion

Income

$233,349

$256,105

COGS

$365,772

$247,368

Tax

$742

$800

 

 

Internet Revenue

$-2,965,401

$-1,230,217

Abstract Steadiness Sheet

Money

$2,262,190

$817,928

Accounts Receivable

$19,058

$0

Complete Property

$2,420,718

$873,306

Quick-Time period Debt

$205,284

$158,218

Lengthy-Time period Debt

$11,764

$11,764

Complete Liabilities

$217,048

$169,982

Financials as of: 02/07/2023

Create a free account as we speak to realize entry to KingsCrowd analytics.

Increase Historical past

Parallel Flight Applied sciences 04/11/2023 StartEngine $82,358,840 $0 Fairness – Frequent
Energetic
 		RegCF
Parallel Flight Applied sciences 06/28/2022 StartEngine $175,318,370 $1,304,860 Fairness – Frequent
Funded
 		RegCF
Parallel Flight Applied sciences 06/30/2021 StartEngine $28,700,000 $6,505,002 Fairness – Frequent
Funded
 		RegA+
Parallel Flight Applied sciences 07/28/2020 Wefunder $18,000,000 $350,198 Fairness – Frequent
Funded
 		RegA+
Parallel Flight Applied sciences 01/13/2020 StartEngine $7,980,000 $1,069,794 Fairness – Frequent
Funded
 		RegCF

Create a free account as we speak to realize entry to KingsCrowd analytics.

Pay Month-to-month


Yearly (Save 17%)

Edge

$12.42 /month
billed yearly
Free portfolio monitoring and KingsCrowd’s quantitative rankings on all raises.
Plan Consists of:

All the pieces in Free, plus
Firm particular “>
KingsCrowd rankings (excluding threat)
Superior firm search (
with rankings)
“>
Markets web page filters and historic business information

Get Edge Annual

Edge Professional

$41.58 /month
billed yearly
Full website entry together with KingsCrowd’s qualitative analyst studies.
Plan Consists of:
All the pieces in Edge, plus
Full entry to detailed “>
Analyst Reviews (e.g. Prime Deal, Deal to Watch, Impartial, and Underweight)

Search and filter primarily based on Analyst Reviews
In-depth threat rankings for each increase

Get Edge Professional Annual