Navisyo Inc

Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

Navisyo is dedicated to uniting new world travelers seeking affordable, authentic and safer travel experiences, with boat owners wishing to share their unique world and turn their passion into a profitable income. Navisyo’s revenue sharing boat offers include 1) Floatel stays in selected marinas, private docks or moorings, with or without the boat owners on board, 2) real-life Voyages, from point A to point B, with the boat owners, 3) Events on boats as fun alternatives to standard venues.

We intend to become a leading, open source, online platform and a globally trusted brand, who will be fully committed to giving back to marine conservation and its community members. In order to make this a reality, during the next 5 years, our aim is to deploy a maximum of Navisyo territories around the world through our Key Partner Licensing program. These projections cannot be guaranteed.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

NAVISGO LLC, DBA Navisyo was originally organized as a Florida LLC in April 2020. The company later converted to a Delaware C Corp, Navisyo Inc. on November 16, 2021.

Since then, we have:

• In 6 months - Navisyo successfully raised over $1,070,000 during its first seed round on Wefunder
• Over 1,200+ Investors from 50 countries around the world have backed Navisyo on Wefunder
• Year 1 of operation scheduled to begin in Q1 2022 Navisyo projects gross annual revenue of $1.4M+ (not guaranteed)
• The technology is LIVE in pilot territories with 250+ boat offers in Spain & Greece
• ALL offers have been verified on site by Navisyo's Onboarding Team - "WE KNOW OUR BOAT OWNERS"
• Navisyo rewards all of its users by sharing company revenues with its open source community
• Recreational boating is expected to grow from $26.7 billion to $33.8 billion by 2027

Historical Results of Operations

Our company was organized in April 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2020, the Company had revenues of $0.
• Assets. As of December 31, 2020, the Company had total assets of $126,957.18, including $1,084.07 in cash.
• Net Loss. The Company has had net losses of $12,109.82 for 2020.
• Liabilities. The Company's liabilities totaled $0 for 2020.

Liquidity & Capital Resources

To-date, the company has been financed with $45,000 in equity & $1,048,090 in debt.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

NAVISYO INC cash in hand is $395,488, as of November 2021. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $62,906/month, for an average burn rate of $62,906 per month. Our intent is to be profitable in 6 months.

We have converted from an LLC Florida company to a Delaware C Corporation registered to do business in Florida. This was prepared and filed by a top law firm specializing in conversions. We also have set up a compliance officer within our company who is an attorney. We have added two new segments of business within our company that will result in revenues as early as Q2 of 2022. 

In 6-8 months we expect to generate gross revenues $1.5-2.4M and expenses and costs between $1.1M and $1.7. We already have funds to become revenue generating.

No, we are pre-revenue. We have sufficient funding as of to achieve profitability. This profitability is scheduled to be achieved within 6-8 months. Raising this priced round will offer us the ability to increase our gross revenues to 3-4M.

Forward-looking projections cannot be guaranteed.

We already successfully raised enough funds to cover up Q3 of 2022. I have access to current investors who can front additional funds if needed. The short-term burn is covered by existing funds in Navisyo's accounts.