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Zirconia Inc.

Operating

Energy & Cleantech · Cleantech · Tukwila, DE · Founded 2017

Green-tech nano-ceramic coatings for sustainable infrastructure

Post-money valuation ⓘ
$20.7M
As of Oct 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,910,132
Crowd $710K · Private $1.2M · 5 rounds since 2020
Latest share price
$1.00
Reg CF · Common Stock · Aug 2024 offering price

Financials

FY2019–FY2023 · from SEC filings · hover any figure for its source
$26K
−$549K
2019
$88K
$417K
2020
$282K
−$227K
2021
$305K
−$365K
2022
$61K
−$705K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed
FY2021 reviewed
FY2022 audited
FY2023 audited
Income statement
Revenue
$25,607
$87,944
$281,579
$304,901
$61,363
Cost of goods sold
$4,340
$14,742
$56,463
$67,928
$14,414
Gross margin
83%
83%
80%
78%
77%
Net income
-$548,590
$417,260
-$227,010
-$365,306
-$705,346
Taxes paid
$0
$674
$839
$0
$0
Balance sheet
Cash
$37,916
$211,686
$13,056
$182,522
$162,805
Accounts receivable
$5,533
$21,419
$8,169
$37,148
$9,170
Total assets
$281,712
$809,522
$481,782
$607,605
$572,496
Short-term debt
$901,777
$10,846
$54,185
$110,525
$780,761
Long-term debt
$0
$0
$0
$6,700
$6,700
Total liabilities
$901,777
$10,846
$54,185
$117,225
$787,461
Other
Headcount
—
4
4
—
4

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
$20.0M
pre-money
Reg CF · Common · Nov 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$1.00$0.50$0.3089
Jul 2020Aug 2024
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.

Fundraising history

Raised $168.4K / $5M
Raised $541.7K / $1.1MInvestors 627Post-money $20.7M

Team

5 people
Balamuralee V. BalaguruFounder
Chief Technology Officer

Muralee is an engineer and businessman, working on product and business developments at Zirconia. Muralee has a dual degree in Civil and Environmental Engineering at the University of Michigan, and a JD from Miami School of Law, focused on Intellectual Property. This unique combination of engineering and legal experience has led to the successful patent for Zirconia’s technology, and also the extraordinary engineering of new product designs and high-level of experimentation that has made Zirconia’s technology market ready. Muralee’s experience at Parsons Brinkerhoff on bridge design and inspection of structures gives Zirconia significant insights into real world structural and corrosion issues.

Benjamin T. CookFounder
Chief Executive Officer, President, and Chairman

Benjamin is a serial entrepreneur with exit experience and an angel investor who focuses on breakthrough technologies that positively impact global sustainability. As a senior business executive, Benjamin has been developing businesses for 30 years. His businesses have included environmental labs, environmental consultancies, import of green building materials, and development of green chemistry for large-scale infrastructure applications. He last founded GeoTree Technologies Inc., a green-tech infrastructure repair firm which was sold to Milliken. Benjamin has worked on various boards of directors, including currently as the Board Secretary at Adaptive Symbiotic Technologies, an agriculture technology firm. Additionally, Benjamin has experience in marketing and sales, product development, and strategic thinking, as well as a deep knowledge of construction and agricultural, Zirconia’s main markets.

Michael Riley
Board Director

Mike is a materials scientist and serial senior executive of geopolymer ceramics firms. He has extensive experience commercializing material technology in infrastructure and military markets. He is currently the CTO of S3 Surface Barrier Solutions, which focuses on creating novel materials for sustainable infrastructure, and green building. He holds an M.S. in Material Science and Engineering from John Hopkins University.

Thomas Miesner
Board Director

Tom was the President of Conoco Pipeline, prior to the merger with Phillips, and has managed contractors and businesses for over 25 years. Tom’s high-level management, communication, and negotiation skills have been much appreciated. He has been helping us with fund raising, as well as assisting us with core board functions as an active advisor.

William Boone
Board Director

Former President of Rodda Paint, Bill has managed sales teams for 30 years and understand the intricacies of the construction market. Bill is a serial executive with M&A experience. He is assisting us with sales team organization and execution, and has assisted us with accessing independent sales representatives in Washington and Oregon.

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

Reg CF annual-report compliance

Delinquent

Filed 1 of 5 annual reports (FY2021–FY2025)

Missing: 2022, 2023, 2024, 2025

627 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

  • Form C-UFeb 5, 20250001878451-25-000001
    EDGAR
  • Form CAug 13, 20240001878451-24-000003
    EDGAR
  • Form C-UNov 1, 20220001665160-22-002851
    EDGAR
  • Form C/AAug 26, 20220001665160-22-002304
    EDGAR
  • Form C/AJun 29, 20220001665160-22-001929
    EDGAR
  • Form C-ARApr 29, 20220001665160-22-001154
    EDGAR
  • Form C/AApr 28, 20220001665160-22-001071
    EDGAR
  • Form CNov 4, 20210001665160-21-001956
    EDGAR
Source: ManualCIK 0001878451DEShare 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.