Como Audio

Neutral
BETA

Hellbent on building high-quality music systems on Main Street USA

Analytics

Raised to Date: $174,076

Aggregate Commitments $
Platform

StartEngine

Start Date

06/26/2020

Close Date

01/22/2021

Min. Goal

$10,000

Max. Goal

$478,400

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$10,855,000

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

49

% of Min. Goal

1,741%

% of Max. Goal

36%

Likelihood of Max
Avg. Daily Raise

$1,095

# of Investors

252

Momentum
Location

Boston, MA

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Como Audio, with a pre-money valuation of $10.9 million, is raising funds on StartEngine. It is an electronics company that manufactures innovative and high-quality music systems. The music systems of Como Audio provide studio-quality sound and can be played without tethering to a phone or other device. Como Audio was founded by Tom DeVesto and has raised over $500,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $478,400, will be used to bring the manufacturing back to the US. Como Audio has five products: the Solo, Musica, Amico, Turntable, and Duetto, that have received excellent reviews. The company is operating well, with a gross profit margin of 48%.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,445,071

$1,943,802

COGS

$860,051

$1,054,818

Tax

$0

$0

 

 

Net Income

$-1,290,564

$-1,139,452

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$177,002

$1,211,999

Accounts Receivable

$31,727

$238,627

Total Assets

$1,730,394

$2,293,559

Short-Term Debt

$1,870,016

$1,481,280

Long-Term Debt

$0

$0

Total Liabilities

$1,870,016

$5,231,280

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
01/22/2021 StartEngine $10,855,000 $174,076 Equity - Common Active RegCF
03/06/2020 Wefunder $10,000,000 $276,403 Equity - Preferred Confirmed Closed RegCF

Ratings

last updated 12/03/2020

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