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Parallel Flight Technologies
OperatingParallel Flight Technologies, Inc.
Industrial · Manufacturing · Founded 2018
Saving lives, property, and the environment
Post-money valuation ⓘ
$83.1M
As of May 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$8,983,205
Across 5 rounds since 2019
Latest share price
$22.60
Reg CF Offering (2023) offering price
Financials
FY2017–FY2022 · from SEC filings · hover any figure for its source$0
2017
$0
$4K
2018
$72K
−$275K
2019
$256K
−$1.2M
2020
$233K
−$3.0M
2021
$293K
$2.7M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
Income statement
Revenue
$0
$0
$71,909
$256,105
$233,349
$292,599
Cost of goods sold
$0
$0
$0
$247,368
$0
$0
Gross margin
—
—
100%
3%
100%
100%
Net income
$0
$3,960
-$274,519
-$1,230,217
-$2,965,401
$2,704,598
Taxes paid
$0
$0
$0
$800
$0
$0
Balance sheet
Cash
$0
$182,295
$769,181
$817,928
$2,262,190
$1,056,902
Accounts receivable
$0
$0
$0
$0
$0
$0
Total assets
$0
$182,295
$774,207
$873,306
$2,420,718
$1,159,412
Short-term debt
$0
$2,335
$55,164
$158,218
$205,284
$469,562
Long-term debt
$0
$176,000
$248,000
$11,764
$11,764
$123,764
Total liabilities
$0
$178,335
$303,164
$169,982
$217,048
$593,326
Other
Headcount
—
4
7
14
14
13
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$9.0M
post-money
$18.3M
post-money
$35.0M
post-money
$176.3M
post-money
$83.1M
post-money
Parallel Stock 1
Parallel Stock 2
Parallel Flight Technologies Stock 1
Parallel Flight Technologies Common Stock 2
Reg CF Offering (2023)
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 $593.6K / $3.7MInvestors 338Post-money $83.1M
Raised $661.9K / $5MInvestors 516Post-money $176.3M
Reg CF annual-report compliance
Not required3+ reports filed & assets ≤ $10M
Filed 4 of 7 annual reports (FY2019–FY2025)
4,600 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 40 filings on EDGARSource: ManualCIK 0001788756Share price $22.60
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.