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Como Audio

Como Audio

Growth Stage

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

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

Overview

Raised to Date: Raised: $248,721

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/25/2020

Close Date

01/22/2021

Min. Goal
$10,000
Max. Goal
$478,400
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$10,855,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,184

# of Investors

324

Momentum
Funded
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Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Boston, Massachusetts

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

$3,750,000

Total Liabilities

$1,870,016

$5,231,280

Financials as of: 06/25/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Como Audio 01/21/2021 StartEngine $10,855,000 $248,721 Equity - Common Funded RegCF
Como Audio 03/05/2020 Wefunder $10,000,000 $276,403 Equity - Preferred Funded RegCF
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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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Como Audio on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,855,000
Price per Share: $1.25

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