Homecrowd sourcedLoza Tam on Wefunder 2022

Loza Tam on Wefunder 2022

[ad_1]

Reporting Date

07/23/2022

Likelihood of Max

extremely

Momentum

hot.svg

Create a free account today to gain access to KingsCrowd analytics.

Location

Alexandria, Virginia

Industry

Beauty & Personal Care

Loza Tam, with a valuation of $3 million, is raising funds on Wefunder. The company makes ultra luxurious hair wraps that help fight frizz and bad hair days. The hair wraps of Loza Tam come in a pre-tied design with satin interior lining and work for all hair textures, including coily, curly, wavy, and straight. Loza Tam has sold over 16,000 units with a 59% year-over-year revenue growth from 2019 to 2020. Tomara Watkins founded Loza Tam in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for inventory, team expansion, and marketing.

Summary Profit and Loss Statement

Revenue

$126,659

$151,324

COGS

$56,807

$93,890

Tax

$0

$0

 

 

Net Income

$-55,942

$-30,843

Summary Balance Sheet

Cash

$7,615

$13,519

Accounts Receivable

$361

$173

Total Assets

$61,894

$70,027

Short-Term Debt

$12,706

$1,283

Long-Term Debt

$48,335

$48,335

Total Liabilities

$61,040

$49,617

Financials as of: 07/22/2022

Create a free account today to gain access to KingsCrowd analytics.



[ad_2]

RELATED ARTICLES

Most Popular

Recent Comments