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Drink LMNT

Operating

Drink LMNT, Inc.

Food & Beverage · Packaged Drink · Naples, DE · Founded 2019

Woman-founded

A sugar-free electrolyte drink mix with everything you need + nothing you don't

Valuation cap ⓘ
$200.0M
As of Aug 2022 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$9,188,544
Crowd $2.7M · Private $6.5M · 5 rounds since 2019
Latest share price
$4.00
Rule 506(b) · Preferred Stock · May 2021 offering price

Financials

FY2019–FY2023 · from SEC filings · hover any figure for its source
$1.5M
$174K
2019
$7.1M
$880K
2020
$31.6M
$2.0M
2021
$78.7M
$11.1M
2022
$206.3M
$41.9M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
Income statement
Revenue
$1,536,591
$7,053,000
$31,589,000
$78,714,000
$206,270,000
Cost of goods sold
$449,261
$1,872,000
$10,058,000
$31,480,000
$89,391,000
Gross margin
71%
73%
68%
60%
57%
Net income
$173,661
$880,000
$1,974,000
$11,145,000
$41,891,000
Taxes paid
$0
$251,000
$680,000
$3,976,000
$14,090,000
Balance sheet
Cash
$434,505
$1,324,000
$6,554,000
$19,011,000
$28,263,000
Accounts receivable
$114,232
$184,000
$644,000
$1,607,000
$4,701,000
Total assets
$836,491
$2,648,000
$10,899,000
$33,495,000
$63,850,000
Short-term debt
$148,737
$769,000
$3,781,000
$10,929,000
$17,573,000
Long-term debt
$417,500
$0
$770,000
$5,031,000
$12,940,000
Total liabilities
$566,237
$769,000
$4,551,000
$15,960,000
$30,513,000
Other
Headcount
—
12
0
0
0

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$29.9M
est. pre-money
$60.0M
Valuation cap
$200.0M
Valuation cap
Rule 506(b) · Preferred · May 2021
Reg CF · SAFE · Sep 2021
Reg CF · SAFE · Jun 2022

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

log scale
$4.00$0.02$0.0001
Dec 2019May 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2021
ClassOutstandingVotes / shareShare of totalLast price
Common stock8,140,188—100.0%$0.0001Dec 2019

Shares outstanding over timein today's share terms

8.1M4.1M0
Dec 2019Dec 2021
Common stockRound opened

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Jun 2022Closedvia Republic
Raised $2.2M / $4MInvestors 2,570Valuation cap $200M
Reg CF · SAFE · Sep 2021Closedvia Republic
Raised $540K / $750KInvestors 613Valuation cap $60M
Raised $3.3MInvestors 7Est. pre-money $29.9M

Team

2 people
James Murphy
Chief Executive Officer
Robb Wolf
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 3 of 5 annual reports (FY2021–FY2025)

2,570 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-TRApr 18, 20240001871551-24-000002
    EDGAR
  • Form C-ARApr 18, 20240001871551-24-000001
    EDGAR
  • Form C-ARApr 11, 20230001871551-23-000001
    EDGAR
  • Form C-UAug 16, 20220001871551-22-000003
    EDGAR
  • Form CJun 7, 20220001871551-22-000002
    EDGAR
  • Form C-ARApr 29, 20220001871551-22-000001
    EDGAR
  • Form C-UOct 8, 20210001871551-21-000003
    EDGAR
  • Form CSep 15, 20210001871551-21-000002
    EDGAR
Source: ManualCIK 0001871551DEShare price $4.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.