Question 1

Hi, you don't seem to provide any real information or details on what exactly EVONSYS does. What is your product? How do you generate revenue? What is your competitive advantage? I'm beginning to wonder who would invest a half a million dollars with such little information pro...

Accepted Answer

Hi Kim - EvonSys is a software service provider, helping enterprise transform their software systems. We generate revenue from those project implementations(Our financials are being reviewed, so its yet to be updated here. In a nutshell, we are not in start-up stage and we have been doing business for last 6 years with profitable income). Our specialty is low code platform implementation. Enterprises are moving to low code platforms, as the implementation time is very less compared to traditi...

Question 2

Hi, Can you please provide additional information on current revenue / ARR, the mix between recurring/subscription revenue and non-recurring, and cash flow? Also, what is your client retention? Sorry if I missed but I didn't see any financial information in the materials.

Accepted Answer

Hello Benji - our financials are being audited now and expected to publish by end of the month. As a service business, we don’t have subscription revenue. But, for the last five years, we have 100% client retention. Please wait till the audited financials to be ready to see the detailed financials. Thank you for your interest on evonsys.

Question 3

Hi Punna, What is your target maximum raise? Please advise. Thanks so much. Blessings

Accepted Answer

Hi Kim- We are targeting for the Reg CF maximum(5M). Without an audit, we were not able to keep it beyond 1.07M. Once the audit is complete, we will be resetting the max from 1.07M to 5M.

Question 4

What makes your company unique / what's the competitive advantage that the company has over other low-code platforms?

Accepted Answer

Our USP is the accelerators we build on top of the low code platforms. We have in-house talent who specialize in vertical industries. For eg, If you look at our services, we have a payment investigation product accelerator. When a large bank invests on a low code platform, they aim to build their payment investigation platform within a year and we reduce that time with our accelerator to 6 months.

Question 5

Hi, do you all plan on remaining an LLC for tax purposes post-SAFE conversion?

Accepted Answer

We have already become an INC. you can see this in our audited financials full report. We have also filed to change from S corp to C corp

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