INVEST
min $500
If you invest, you're betting Jurny will be worth more than $17.981M in the future.
We have financial statements ending December 31, 2023. Our cash in hand is $198,000, as of August 2024. Over the three months prior, revenues averaged $50,000/month, cost of goods sold has averaged $19,000/month, and operational expenses have averaged $155,000/month.
Our Software-as-a-Service (SaaS) business model relies on the utilization of several third-party technology providers to ensure the normal operation of our service. These third-party providers offer critical infrastructure, hosting services, data storage, network connectivity, and other essential components that enable us to deliver our SaaS solution to our customers. We do not have direct control over these third-party providers, and our ability to deliver a seamless user experience may be subject to factors beyond our control. Interruption to these third-party services can cause operational delays with respect to our product experience.
Our SaaS service is tailored and targeted to the hospitality industry. The industry is particularly susceptible to the effects of widespread health crises, such as pandemics, epidemics, or other infectious diseases. These events can lead to a decline in travel, tourism, and overall consumer spending, which directly affects the demand for the services we provide to our hospitality partners.
The technology sector is highly competitive and rapidly evolving. Our success depends on our ability to anticipate and adapt to changes in market conditions, emerging technologies, and customer preferences. Our competitors often enjoy significantly higher financial and other resources compared to us. We cannot guarantee that our current or potential competitors will not offer products or services that are comparable or superior to ours or adapt more swiftly to evolving industry or market trends. The intensification of competition could lead to price reductions, reduced gross margins, and a loss of market share, all of which would have a significant adverse impact on our business, prospects, financial condition, or operational results.
Safeguarding customer data is very important to our business. However, our reliance on third-party providers introduces inherent risks related to data breaches, unauthorized access, or other security incidents. Despite implementing security measures, we cannot guarantee absolute protection against such events. In the unfortunate occurrence of a data breach or security incident, we may be subject to legal and regulatory consequences, including fines or penalties, as well as potential litigation. It is essential for investors to recognize the potential repercussions of data security and privacy breaches and assess our ability to mitigate these risks effectively.
In response to challenging market conditions or increased competition, it may be necessary for us to modify our business strategy. Our management team may periodically make adjustments to our business or growth strategy to adapt to market changes. However, it is important to recognize that there are inherent risks associated with such changes. As a strategic response to shifts in the competitive landscape, we may make decisions regarding pricing, services, marketing, or even consider business combinations. These strategic choices, while intended to navigate the evolving market dynamics, could potentially have a significant negative impact on our business, financial condition, and operational results. It is crucial to acknowledge that any alterations to our strategy carry inherent uncertainties and potential adverse consequences that may affect our overall performance.
We are a startup that is likely dependent on raising additional funding in order to continue operations and reach profitability. While we have made and will make efforts to secure funding, there is no guarantee that we will be successful in obtaining additional financing or that the terms of such financing will be favorable. Factors such as market conditions, economic downturns, changes in investor sentiment, and the competitive landscape can impact our ability to attract investors or secure funding on acceptable terms. Moreover, our ability to raise funds may be subject to regulatory restrictions, market volatility, or unforeseen events beyond our control, such as global financial crises or natural disasters.
Investors should carefully review and understand the terms of the securities offered in the crowdfunding campaign. It is important to understand that the conversion of these securities into equity shares is subject to certain conditions and triggers, such as future funding rounds or specified events. There is a risk that the securities may not convert as anticipated, which could impact the potential returns or liquidity of the investment. In addition, the securities offered may have restrictions on their transferability or be considered non-liquid investments. These restrictions may limit or restrict the ability to sell, transfer, or dispose of the securities, potentially resulting in a lack of marketability or liquidity. Investors should carefully evaluate the terms and restrictions associated with the securities to understand the potential limitations on their ability to realize a return on investment.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
As a technology company, we are reliant on the attraction and retention of high-quality tech talent. Software engineers in particular can be expensive to find and expensive to retain.
Raising additional funds to support our operations may necessitate the issuance of equity, debt, or other securities, which could lead to dilution for our investors, including those who participate in this crowdfunding campaign. It is important for potential investors to understand the potential dilution risk associated with our fundraising efforts and assess the impact it may have on their investment.
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.
