About
Resound is an AI podcast editing tool that automates audio editing, helping creators easily remove filler words and enhance their podcasts.
- Pewee Valley, United States of America
- Legal Name: Resound, CORP.
- Company ID: 87-2666542
- Year Founded: 2021
- Industry: Information Technology & Services
- Website: https://www.resound.fm/
- SEC Filings
Highlights
$4.5M
CF Valuation
$500
Total Raised
$64.4K
Revenue
3
Employees
Indicators
Profit Margin
-1779.9%
(75172.6%)
2022: -76952.5%
Current Ratio
16.53
(-50.3%)
2022: 33.28
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $64,389 | $703 | 9,059% |
| Cost of Goods Sold | -$13,790 | -$518 | 2,562% |
| Gross Profit | $50,599 | $185 | 27,251% |
| Other Costs | -$1,147,512 | -$518,946 | 121% |
| Taxes Paid | -$49,116 | -$22,215 | 121% |
| Net Income | -$1,146,028 | -$540,976 | 112% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $115,663 | $824,404 | -86% |
| Accounts Receivable | $49,918 | $0 | — |
| Total Liquidity | $165,580 | $824,404 | -80% |
| Other Assets | $9,511 | $11,177 | -15% |
| Total Assets | $175,091 | $835,580 | -79% |
| Short Term debt | $10,589 | $25,110 | -58% |
| Long Term debt | $0 | $0 | — |
| Total Debt | $10,589 | $25,110 | -58% |
| Other Liabilities | $164,502 | $810,470 | -80% |
| Total Liabilities | $175,091 | $835,580 | -79% |
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $64,389 | $703 | 9,059% |
| Cost of Goods Sold | -$13,790 | -$518 | 2,562% |
| Gross Profit | $50,599 | $185 | 27,251% |
| Other Costs | -$1,147,512 | -$518,946 | 121% |
| Taxes Paid | -$49,116 | -$22,215 | 121% |
| Net Income | -$1,146,028 | -$540,976 | 112% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $115,663 | $824,404 | -86% |
| Accounts Receivable | $49,918 | $0 | — |
| Total Liquidity | $165,580 | $824,404 | -80% |
| Other Assets | $9,511 | $11,177 | -15% |
| Total Assets | $175,091 | $835,580 | -79% |
| Short Term debt | $10,589 | $25,110 | -58% |
| Long Term debt | $0 | $0 | — |
| Total Debt | $10,589 | $25,110 | -58% |
| Other Liabilities | $164,502 | $810,470 | -80% |
| Total Liabilities | $175,091 | $835,580 | -79% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $64,389 | $703 | 9,059% |
| Cost of Goods Sold | -$13,790 | -$518 | 2,562% |
| Gross Profit | $50,599 | $185 | 27,251% |
| Other Costs | -$1,147,512 | -$518,946 | 121% |
| Taxes Paid | -$49,116 | -$22,215 | 121% |
| Net Income | -$1,146,028 | -$540,976 | 112% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $115,663 | $824,404 | -86% |
| Accounts Receivable | $49,918 | $0 | — |
| Total Liquidity | $165,580 | $824,404 | -80% |
| Other Assets | $9,511 | $11,177 | -15% |
| Total Assets | $175,091 | $835,580 | -79% |
| Short Term debt | $10,589 | $25,110 | -58% |
| Long Term debt | $0 | $0 | — |
| Total Debt | $10,589 | $25,110 | -58% |
| Other Liabilities | $164,502 | $810,470 | -80% |
| Total Liabilities | $175,091 | $835,580 | -79% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $64,389 | $703 | 9,059% |
| Cost of Goods Sold | -$13,790 | -$518 | 2,562% |
| Gross Profit | $50,599 | $185 | 27,251% |
| Other Costs | -$1,147,512 | -$518,946 | 121% |
| Taxes Paid | -$49,116 | -$22,215 | 121% |
| Net Income | -$1,146,028 | -$540,976 | 112% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $115,663 | $824,404 | -86% |
| Accounts Receivable | $49,918 | $0 | — |
| Total Liquidity | $165,580 | $824,404 | -80% |
| Other Assets | $9,511 | $11,177 | -15% |
| Total Assets | $175,091 | $835,580 | -79% |
| Short Term debt | $10,589 | $25,110 | -58% |
| Long Term debt | $0 | $0 | — |
| Total Debt | $10,589 | $25,110 | -58% |
| Other Liabilities | $164,502 | $810,470 | -80% |
| Total Liabilities | $175,091 | $835,580 | -79% |
Indicators
Profit Margin
-1779.9%
(75172.6%)
2022: -76952.5%
Current Ratio
16.53
(-50.3%)
2022: 33.28
Efficiency Ratio
21.4%
(-71%)
2022: 73.7%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | 9,059% | ∞ |
| Profit Margin | -1,780% | -76,952% |
| Current Ratio | 17% | 33% |
| Efficiency Ratio | 21% | 74% |
| Solvency Ratio | -10,822% | -2,154% |
| Debt Ratio | 6% | 3% |
Funding History
1 Funding Round
$500Total Raised
$4,500,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 30, 2025 | $500 | Wefunder | SAFE | $4M cap | — | SEC Reg CF | 211 days | Oct 01, 2024 |
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