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Private company

Molekule Group, Inc.

American industrial and commercial fans and blowers and air purifing equip company1

In its 2023 annual report the company says: “Molekule Group, Inc. is a pathogen elimination technology company on a mission to keep work, play and life going by improving indoor air quality. We have the largest range of proprietary and patented, FDA-cleared air purification devices to address the rapidly growing global air purification market.”43 It is headquartered in Palm Beach Gardens, Florida.1

Last updated Oct 21, 2026.

Overview

  • IndustryIndustrial & Commercial Fans & Blowers & Air Purifing Equip1
  • HeadquartersPalm Beach Gardens, Florida1
  • Incorporated inDE2
  • Business address10455 Riverside Drive, Palm Beach Gardens, Fl 334102
  • Filer category, Emerging growth company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

50.5%Gross margin3
-7611.9%Operating margin3
-2715.4%Net margin3
-63.1%Revenue growth, 20223
-31.3%Return on equity3
-$10.8MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue1¢$112.6K
  • Research and development11¢$2.0M
  • Selling, general and admin86¢$15.5M
  • Income tax3¢$501.3K

Out of $227.2K in revenue.3 The company lost money this year.

Financial statements

Revenue43$227.2K in 2022−63% since 2021
0$200.0K$400.0K$600.0K$800.0K2021: $616.5K$616.5K20212022: $227.2K$227.2K2022−63%
Gross profit3$114.6K in 2022−59% since 2021
0$100.0K$200.0K$300.0K2021: $277.6K$277.6K20212022: $114.6K$114.6K2022−59%
Operating income3-$17.3M in 2022+110% since 2021
-$20.0M-$15.0M-$10.0M-$5.0M02021: -$8.2M-$8.2M20212022: -$17.3M-$17.3M2022+110%
Net income43-$6.2M in 2022+86% since 2020
-$8.0M-$6.0M-$4.0M-$2.0M02020: -$3.3M-$3.3M20202021: -$7.9M-$7.9M2021+138%2022: -$6.2M-$6.2M2022−22%
Fiscal year2019202020212022
Revenue$616.5K4$227.2K3
Cost of revenue$338.9K3$112.6K3
Gross profit$277.6K3$114.6K3
Research and development$2.2M4$4.2M3$2.0M3
Selling, general and admin$1.1M4$4.3M3$15.5M3
Operating expenses$8.5M3$17.4M3
Operating income-$8.2M3-$17.3M3
Income before tax-$8.2M3-$6.7M3
Income tax$320.1K3$501.3K3
Net income-$3.3M4-$7.9M3-$6.2M3
Earnings per share-$1.024-$0.743-$0.423
Earnings per share (diluted)-$1.024-$0.743-$0.195
Shares (weighted, basic)10.7M shares314.7M shares3
Shares (weighted, diluted)10.7M shares313.9M shares5

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Corporate structure

Molekule Group, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Molekule Group, Inc.

  • FG Next GP, LLC Filed SC 13D/A on Molekule Group, Inc., latest Mar 1, 2024 (2 filings since Jan 23, 2023)
  • Uncork Plus II, L.P. Filed SC 13G/A on Molekule Group, Inc., latest Feb 13, 2024 (2 filings since Jan 23, 2023)
  • Amin J. Khoury Filed SC 13G/A on Molekule Group, Inc., latest Feb 8, 2023 (2 filings since Feb 14, 2022)
  • Dateline TV Holdings, Inc. Filed SC 13G/A on Molekule Group, Inc., latest Feb 8, 2023 (3 filings since Feb 14, 2022)
  • David Helfet Filed SC 13G/A on Molekule Group, Inc., latest Feb 8, 2023 (2 filings since May 4, 2022)
  • Northeastern University Filed SC 13G/A on Molekule Group, Inc., latest Feb 8, 2023 (2 filings since Jul 11, 2022)
  • PELL LEWIS C Filed SC 13G on Molekule Group, Inc., latest Feb 14, 2022
  • Molekule Group, Inc. Palm Beach Gardens, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Molekule Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.4M3 Dec 31, 2022$2.2M3 Dec 31, 2021+7.1%
Accumulated depreciation$240.6K3 Dec 31, 2022$79.6K3 Dec 31, 2021+202.0%
Property and equipment, net$2.1M3 Dec 31, 2022$2.1M3 Dec 31, 2021−0.2%
Operating-lease assets (leased space)$1.6M3 Dec 31, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$22.1M3 Dec 31, 2022$19.6M3 Dec 31, 2021+12.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$626.6K3 Dec 31, 2022

Inventory

ItemLatestA year beforeChange
Inventory, total$2.0M3 Dec 31, 2022$645.9K3 Dec 31, 2021+212.8%
Finished goods$1.3M3 Dec 31, 2022$170.2K3 Dec 31, 2021+668.6%

Leadership

Who has led Molekule Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jason Dibona2021–2023

Chief financial officer

  1. Ryan Tyler2021–2023

Chief operating officer

  1. Ritankar Pal2023
2025
  • Chief executive officerJason Dibona Nov 23, 2021 to May 17, 20237
  • Chief financial officerRyan Tyler Nov 23, 2021 to May 17, 20238
  • Chief operating officerRitankar Pal Jan 12, 2023 to Jan 12, 20239
Board members and other officers (8)

Former names

  • AeroClean Technologies, Inc.Aug 24, 2021 to Dec 21, 20222
  • AeroClean Technologies, LLCAug 9, 2021 to Nov 19, 20212

Timeline

  1. Oct 5, 20238-K Listing notice or transfer18
  2. Oct 3, 20238-K Bankruptcy or receivership; New debt or obligation; Debt or obligation accelerated19
  3. Sep 25, 20238-K Other events20
  4. Sep 20, 20238-K Exit or restructuring costs; Executive or director change; Other events21
  5. Aug 23, 20238-K Other events22
  6. Aug 16, 20238-K Results of operations23
  7. Aug 14, 20238-K Ended a material agreement24
  8. Jun 22, 20238-K Shareholder vote25
  9. Jun 9, 20238-K Financial statements and exhibits26
  10. Jun 1, 20238-K Entered a material agreement27
  11. May 16, 20238-K Results of operations28
  12. May 9, 20238-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights29
  13. Nov 23, 2021New chief executive Jason Dibona becomes CEO7

Calendar

When it reported results

  1. Aug 16, 2023Reported quarterly or annual results23
  2. May 16, 2023Reported quarterly or annual results28
  3. Nov 14, 2022Reported quarterly or annual results30
  4. Aug 16, 2022Reported quarterly or annual results31
  5. May 12, 2022Reported quarterly or annual results32
  6. Mar 31, 2022Reported quarterly or annual results33

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

162 filings to the SEC since October 2021: 4 annual reports, 7 quarterly reports, 24 major events, 43 insider forms, 14 large holders, 2 private raises, 68 other. The latest 20:

  1. Mar 27, 202415-12G EDGAR
  2. Mar 1, 2024SC 13D/A EDGAR
  3. Feb 13, 2024SC 13G/A EDGAR
  4. Oct 5, 20238-K EDGAR
  5. Oct 3, 20238-K EDGAR
  6. Sep 25, 20238-K EDGAR
  7. Sep 20, 2023RW EDGAR
  8. Sep 20, 20238-K EDGAR
  9. Sep 12, 2023EFFECT EDGAR
  10. Sep 8, 2023POS AM EDGAR
  11. Sep 5, 2023S-1 EDGAR
  12. Aug 23, 20238-K EDGAR
  13. Aug 16, 20238-K EDGAR
  14. Aug 14, 202310-Q EDGAR
  15. Aug 14, 2023425 EDGAR
  16. Aug 14, 20238-K EDGAR
  17. Jul 13, 2023424B3 EDGAR
  18. Jul 12, 2023EFFECT EDGAR
  19. Jul 10, 2023CORRESP EDGAR
  20. Jun 30, 2023S-4/A EDGAR

The 162 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$25.0M 2022–2023
Money received by yearMoney received by year, 2022–2023: $25.0M in all. Private raises (Form D) $25.0M.$0$5M$10M$15M2022 · Private raises (Form D): $15.0M20222023 · Private raises (Form D): $10.0M2023
Figures by year
YearPrivate raises (Form D)Total
2023$10.0M$10.0M
2022$15.0M$15.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. May 5, 2023Raised $10 million in a private offering of equity41 Form D: 1 investor so far Form D
  2. Jun 29, 2022Raised $15 million in a private offering of equity42 Form D: 1 investor so far Form D

SEC filer profile

How Molekule Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMolekule Group, Inc.1
  • CIK0001872356
  • Employer ID (EIN)45-32131641
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3564 Industrial & Commercial Fans & Blowers & Air Purifing Equip1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address10455 Riverside Drive, Palm Beach Gardens, FL 334101
  • Phone833-652-53261
  • Shares outstanding34,654,459 as of Aug 9, 20236
  • Public float$114.4M as of Jun 30, 20223
  • On EDGAR sinceAug 9, 20211
  • Filings169 in all: 4 (28), 8-K (24), 3 (14), 425 (10), CORRESP (7), EFFECT (7), UPLOAD (7), 10-Q (6)1
    All 46 form types

    SC 13G (6), SC 13G/A (6), 424B3 (5), S-8 (5), 1-A/A (3), 1-A (2), 10-K (2), 10-K/A (2), D (2), POS AM (2), S-1 (2), S-3 (2), S-4 (2), 1-A POS (1), 1-A-W (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 253G1 (1), 5 (1), 8-A12B (1), CERT (1), DEF 14A (1), DEF 14C (1), DEFA14A (1), DOS (1), DOS/A (1), DOSLTR (1), DRS (1), NT 10-K (1), PRE 14A (1), PRE 14C (1), QUALIF (1), RW (1), S-1/A (1), S-4/A (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2023
    Quarterly report (10-Q) Aug 14, 2023
    Proxy statement (DEF 14A) Jun 10, 2022
    Latest 8-K (8-K) Oct 5, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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