MangoRX is targeting the growing erectile dysfunction treatment market.
After launching the website in mid-November, the company reported revenue of $8,939 for 2022 and a net loss of about $1.9 million. At the end of the year, it had $682,860 in cash.
MangoRX, which has just under 10 employees, is aiming for $10 million or higher revenue for the year and is rapidly expanding its team, Cohen said. to provide advisory services, according to the prospectus. In exchange, the company gave Elliott 100,000 shares of restricted stock.
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