Loading
Loading
Progress
Early UAV revenue funds the Microfactory. The Microfactory carries the software. Capital is raised as each stage is proven.
Pro forma, management base case. Projections, not results.
From early UAV revenue to distributed manufacturing infrastructure.
| Stream | M1–12 | M13–24 | M25–36 | 36M |
|---|---|---|---|---|
| Software | $0 | $0.09M | $0.43M | $0.52M |
| Microfactory | $0 | $1.65M | $6.00M | $7.65M |
| UAV and services | $0.35M | $1.12M | $2.60M | $4.07M |
Investing ahead of profitability while building repeatable manufacturing infrastructure.
| M1–12 | M13–24 | M25–36 | 36M | |
|---|---|---|---|---|
| Revenue | $0.35M | $2.86M | $9.03M | $12.24M |
| COGS | $0.19M | $1.65M | $5.22M | $7.06M |
| Gross profit | $0.16M | $1.21M | $3.81M | $5.19M |
| Gross margin | 47% | 42% | 42% | ~42% |
| OPEX | $1.90M | $3.54M | $5.78M | $11.22M |
| Operating income | -$1.74M | -$2.33M | -$1.97M | -$6.03M |
36-month operating investment~$6.03M
Cumulative operating loss. Hardware builds the installed base; software and services expand recurring margin over time.
Capital follows technical and commercial de-risking.
*Seed range is a planning assumption, to be reset on revenue, backlog, unit economics and deployment pipeline.
We raise against milestones, not against the calendar.