Sublime Stericeuticals

Continuous Process Lyophilization

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $
Platform

Silicon Prairie Online

Start Date

06/30/2021

Close Date

12/31/2021

Min. Goal

$1,000

Max. Goal

$200,000

Min. Investment

$1,000

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

156

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold
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Location

Fort Dodge, Iowa

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Sublime Stericeuticals, a biotechnology company, is testing the waters on Silicon Prairie Online. The company has designed, developed, and tested its Cryophilizer that delivers a superior drug product. The product will be used in pharmaceutical manufacturing to upgrade the sterile freeze-dried drug manufacturing operations. Joel Lennon-Meyer founded Sublime Stericeuticals in October 2018. The current crowdfunding round has a minimum goal of $1,000 and a maximum goal of $200,000, and the funds will be used towards the development of prototype, design, staffing, and marketing and sales. Sublime Stericeuticals’ process allows manufacturers to freeze-dry their products at one-fourth costs and ten times higher throughput.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$503,247

$182,467

COGS

$216,130

$20,405

Tax

$22,443

$7,023

 

 

Net Income

$75,169

$18,744

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$183,940

$45,410

Accounts Receivable

$60,699

$21,612

Total Assets

$292,006

$67,022

Short-Term Debt

$138,933

$11,176

Long-Term Debt

$76,700

$0

Total Liabilities

$215,633

$11,176

Financials as of: 06/30/2021
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