Everyday Contacts

Neutral
BETA

An affordable premium contact lens exclusively available from your Eye Doctor

Analytics

Raised to Date: $17,499

Aggregate Commitments $
Platform

Wefunder

Start Date

02/17/2021

Close Date

04/08/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$7,370,000

Weekly Commitments $
Status

Active

Reporting Date

02/28/2021

Days Remaining

37

% of Min. Goal

35%

% of Max. Goal

7%

Likelihood of Max
Avg. Daily Raise

$1,591

Momentum
Location

Albuquerque, New Mexico

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Everyday Contacts, with a pre-money valuation of $7.37 million, is raising crowdfunding on Wefunder. The company is introducing premium contact lenses with comfort coating. The daily disposable lenses are coated with hydrophilic coating and are available exclusively from eye doctors. Lawrence Chavez founded Everyday Contacts in 2018. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $250,000, will be used towards the clinical trial. Everyday Contacts has a scalable business model and expects to grow the business to $20 million in revenues in two years after the launch. The product development has been completed and is pending clinical trial and FDA approval.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$750

$4,880

COGS

$0

$0

Tax

$5,328

$0

 

 

Net Income

$-609,802

$-447,337

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$323,942

$32,486

Accounts Receivable

$0

$0

Total Assets

$350,443

$55,633

Short-Term Debt

$40,458

$41,769

Long-Term Debt

$0

$0

Total Liabilities

$40,458

$502,970

Ratings

last updated 03/02/2021

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