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LEXI
OperatingLexi Devices, Inc.
Technology · B2B · Founded 2017
IoT platform-as-a-service | comprehensive, ecosystem-agnostic, + edge-to-cloud
Valuation cap ⓘ
$30.0M
As of Nov 2024 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$797,990
Across 3 rounds since 2022
Latest share price
$1.00
Reg CF Offering (2024) offering price
Financials
FY2020–FY2025 · from SEC filings · hover any figure for its source$52K
−$784K
2020
$2.5M
−$97K
2021
$2.0M
−$1.1M
2022
$233K
−$1.5M
2023
$256K
−$989K
2024
$54K
−$682K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$52,116
$2,535,276
$2,040,234
$233,331
$256,450
$54,054
Cost of goods sold
$90,980
$1,636,252
$1,401,405
$16,677
$3,422
$2,050
Gross margin
-75%
35%
31%
93%
99%
96%
Net income
-$784,404
-$97,127
-$1,113,264
-$1,512,977
-$988,605
-$682,498
Taxes paid
$0
$0
$1,613
$2,840
$1,665
$1,397
Balance sheet
Cash
$105,073
$673,911
$59,731
$55,395
$41,986
$89,816
Accounts receivable
$0
$1,335,300
$1,470,700
$1,512,645
$1,555,826
$1,556,006
Total assets
$278,718
$2,145,277
$1,676,315
$1,707,887
$1,740,780
$1,781,363
Short-term debt
$396,729
$930,440
$1,144,075
$1,394,265
$1,468,277
$53,075
Long-term debt
$150,000
$150,000
$150,000
$150,000
$150,000
$150,000
Total liabilities
$546,729
$1,080,440
$1,294,075
$1,544,265
$1,618,277
$203,075
Other
Headcount
—
30
30
32
34
18
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$30.0M
Valuation cap
$30.0M
Valuation cap
$30.0M
Valuation cap
LEXI Crowd SAFE 1
LEXI Convertible Note 2
Reg CF Offering (2024)
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $136.9K / $618KInvestors 143Valuation cap $30M
Raised $69.8K / $618KInvestors 0Valuation cap $30M
LEXI Crowd SAFE 1Closed
Reg CF annual-report compliance
Not required3+ reports filed & assets ≤ $10M
Filed 4 of 4 annual reports (FY2022–FY2025)
887 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
View all 20 filings on EDGARSource: ManualCIK 0001932835Share price $1.00
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.