About
We help upcycle waste materials into sustainable infrastructure products.
- Delaware, United States of America
- Legal Name: Necobrands, INC
- Company ID: 874212169
- Year Founded: 2019
- Industry: Construction
- Website: https://www.necotechusa.com
- SEC Filings
Highlights
—
CF Valuation
$270.4K
Total Raised
$1M
Revenue
8
Employees
Indicators
Profit Margin
0.6%
(9.4%)
2022: -8.8%
Current Ratio
5.21
(-15.7%)
2022: 6.18
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $1,043,721 | $881,965 | $267,708 | 290% |
| Cost of Goods Sold | -$9,382 | -$48,815 | $0 | -81% |
| Gross Profit | $1,034,339 | $833,150 | $267,708 | 286% |
| Other Costs | -$1,027,819 | -$922,476 | -$287,045 | 258% |
| Taxes Paid | $0 | -$1,015 | $0 | -100% |
| Net Income | $6,520 | -$90,341 | -$19,337 | -134% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $235,460 | $215,673 | $28,379 | 730% |
| Accounts Receivable | $0 | $0 | $24,786 | -100% |
| Total Liquidity | $235,460 | $215,673 | $53,165 | 343% |
| Other Assets | $44,629 | $33,563 | $5,683 | 685% |
| Total Assets | $280,089 | $249,236 | $58,848 | 376% |
| Short Term debt | $53,747 | $42,435 | $14,535 | 270% |
| Long Term debt | $0 | $0 | $0 | — |
| Total Debt | $53,747 | $42,435 | $14,535 | 270% |
| Other Liabilities | $226,342 | $206,801 | $44,313 | 411% |
| Total Liabilities | $280,089 | $249,236 | $58,848 | 376% |
Revenue Growth
Employee Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $1,043,721 | $881,965 | $267,708 | 290% |
| Cost of Goods Sold | -$9,382 | -$48,815 | $0 | -81% |
| Gross Profit | $1,034,339 | $833,150 | $267,708 | 286% |
| Other Costs | -$1,027,819 | -$922,476 | -$287,045 | 258% |
| Taxes Paid | $0 | -$1,015 | $0 | -100% |
| Net Income | $6,520 | -$90,341 | -$19,337 | -134% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $235,460 | $215,673 | $28,379 | 730% |
| Accounts Receivable | $0 | $0 | $24,786 | -100% |
| Total Liquidity | $235,460 | $215,673 | $53,165 | 343% |
| Other Assets | $44,629 | $33,563 | $5,683 | 685% |
| Total Assets | $280,089 | $249,236 | $58,848 | 376% |
| Short Term debt | $53,747 | $42,435 | $14,535 | 270% |
| Long Term debt | $0 | $0 | $0 | — |
| Total Debt | $53,747 | $42,435 | $14,535 | 270% |
| Other Liabilities | $226,342 | $206,801 | $44,313 | 411% |
| Total Liabilities | $280,089 | $249,236 | $58,848 | 376% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $1,043,721 | $881,965 | $267,708 | 290% |
| Cost of Goods Sold | -$9,382 | -$48,815 | $0 | -81% |
| Gross Profit | $1,034,339 | $833,150 | $267,708 | 286% |
| Other Costs | -$1,027,819 | -$922,476 | -$287,045 | 258% |
| Taxes Paid | $0 | -$1,015 | $0 | -100% |
| Net Income | $6,520 | -$90,341 | -$19,337 | -134% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $235,460 | $215,673 | $28,379 | 730% |
| Accounts Receivable | $0 | $0 | $24,786 | -100% |
| Total Liquidity | $235,460 | $215,673 | $53,165 | 343% |
| Other Assets | $44,629 | $33,563 | $5,683 | 685% |
| Total Assets | $280,089 | $249,236 | $58,848 | 376% |
| Short Term debt | $53,747 | $42,435 | $14,535 | 270% |
| Long Term debt | $0 | $0 | $0 | — |
| Total Debt | $53,747 | $42,435 | $14,535 | 270% |
| Other Liabilities | $226,342 | $206,801 | $44,313 | 411% |
| Total Liabilities | $280,089 | $249,236 | $58,848 | 376% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $1,043,721 | $881,965 | $267,708 | 290% |
| Cost of Goods Sold | -$9,382 | -$48,815 | $0 | -81% |
| Gross Profit | $1,034,339 | $833,150 | $267,708 | 286% |
| Other Costs | -$1,027,819 | -$922,476 | -$287,045 | 258% |
| Taxes Paid | $0 | -$1,015 | $0 | -100% |
| Net Income | $6,520 | -$90,341 | -$19,337 | -134% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $235,460 | $215,673 | $28,379 | 730% |
| Accounts Receivable | $0 | $0 | $24,786 | -100% |
| Total Liquidity | $235,460 | $215,673 | $53,165 | 343% |
| Other Assets | $44,629 | $33,563 | $5,683 | 685% |
| Total Assets | $280,089 | $249,236 | $58,848 | 376% |
| Short Term debt | $53,747 | $42,435 | $14,535 | 270% |
| Long Term debt | $0 | $0 | $0 | — |
| Total Debt | $53,747 | $42,435 | $14,535 | 270% |
| Other Liabilities | $226,342 | $206,801 | $44,313 | 411% |
| Total Liabilities | $280,089 | $249,236 | $58,848 | 376% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $1,043,721 | $881,965 | $267,708 | 290% |
| Cost of Goods Sold | -$9,382 | -$48,815 | $0 | -81% |
| Gross Profit | $1,034,339 | $833,150 | $267,708 | 286% |
| Other Costs | -$1,027,819 | -$922,476 | -$287,045 | 258% |
| Taxes Paid | $0 | -$1,015 | $0 | -100% |
| Net Income | $6,520 | -$90,341 | -$19,337 | -134% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $235,460 | $215,673 | $28,379 | 730% |
| Accounts Receivable | $0 | $0 | $24,786 | -100% |
| Total Liquidity | $235,460 | $215,673 | $53,165 | 343% |
| Other Assets | $44,629 | $33,563 | $5,683 | 685% |
| Total Assets | $280,089 | $249,236 | $58,848 | 376% |
| Short Term debt | $53,747 | $42,435 | $14,535 | 270% |
| Long Term debt | $0 | $0 | $0 | — |
| Total Debt | $53,747 | $42,435 | $14,535 | 270% |
| Other Liabilities | $226,342 | $206,801 | $44,313 | 411% |
| Total Liabilities | $280,089 | $249,236 | $58,848 | 376% |
Indicators
Profit Margin
0.6%
(9.4%)
2022: -8.8%
Current Ratio
5.21
(-15.7%)
2022: 6.18
Efficiency Ratio
0.9%
(-78%)
2022: 4.1%
Key figures
| INCOME STATEMENT | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue Growth | 18% | 230% | ∞ |
| Profit Margin | 1% | -10% | -7% |
| Current Ratio | 5% | 6% | 4% |
| Efficiency Ratio | 1% | 6% | 0% |
| Solvency Ratio | 12% | -213% | -133% |
| Debt Ratio | 19% | 17% | 25% |
Funding History
1 Funding Round
$270,425Total Raised
—CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 30, 2023 | $270,425 | Wefunder | SAFE | — | — | SEC Reg CF | 449 days | Feb 05, 2022 |