Metric Medical Devices, Inc.

Bringing Bones Together™

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Amount Raised: $72,207
Security Type
Common Stock
Min Investment
$199
Location
Helotes, TX
Offering Date
November 21, 2022
Expected Close Date
January 20, 2023
Target Raise
$10.00K-$1.07M
No. Investors
38
Security Price
$1.15
Valuation
$29,780,447
Website
metricmd.com
Number of Employees
10
Cash
$6,981
Revenue
$914,663
Short Term Debt
$154,937
Cost of Goods
$89,618
Long Term Debt
$1,784,946
Net Income
$663,614

Company Description

Metric Medical Devices, Inc., designs and sells innovative minimally invasive products and technologies for the orthopedic extremity market. Our mission is to become leaders in transforming the musculoskeletal repair standard of care, through the development and commercialization of bone fixation implants that actively change shape to compress the bone to stimulate bone growth and enhance healing.

Key Deal Facts

Our founders are highly successful serial entrepreneurs who design implants to promote healing and decrease complications in orthopedic extremity injuries. These implants treat fractures and deformities to improve patients' lives.
The orthopedic extremity reconstruction market is projected to reach $6.5 billion, globally, by 2030 at a CAGR of 6.3%. The foot and ankle lower extremity segment, our primary focus, is predicted to experience the largest CAGR of 8.9% from 2021 to 2030 and start with the surgical backlog created by the Covid-19 pandemic.*
During development and market trials, our current products generated over $10.5 million in revenue and we have two new next-generation products ready for full launch. We are currently developing our most disruptive product so far, The LINK™, a small bone-compressing external fixator. The market for minimally invasive surgical techniques is growing and is estimated to reach $94.4 billion by 2030 at a CAGR of 4.7%.**

Security Description

Common stock is a security that represents ownership in a corporation.

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