Private company

Molekule Group, Inc.

American industrial and commercial fans and blowers and air purifing equip company. Summary from the record

Last updated Oct 19, 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

Selling, general and admin

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

Gross profit³$114.6K in 2022−59% since 2021

Operating income³-$17.3M in 2022+110% since 2021

Net income⁴³-$6.2M in 2022+86% since 2020

Fiscal year	2020	2021	2022
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 shares³	14.7M shares³
Shares (weighted, diluted)		10.7M shares³	13.9M shares⁵

Total assets⁴³$29.2M in 2022+813% since 2020

Total liabilities⁴³$9.5M in 2022+1321% since 2020

Shareholders’ equity³$19.7M in 2022+679% since 2020

Cash⁴³$22.1M in 2022+2771591% since 2019

Fiscal year	2019	2020	2021	2022
Cash	$796⁴	$2.3M⁴	$19.6M³	$22.1M³
Receivables			$177.1K³	$36.2K³
Inventory			$645.9K³	$2.0M³
Current assets		$2.7M⁴	$21.6M³	$24.8M³
Property, plant and equipment			$2.1M³	$2.1M³
Goodwill				$626.6K³
Total assets		$3.2M⁴	$23.7M³	$29.2M³
Accounts payable			$927.2K³	$3.2M³
Current liabilities		$665.3K⁴	$1.5M³	$4.6M³
Total liabilities		$665.3K⁴	$2.0M³	$9.5M³
Retained earnings			-$1.7M³	-$7.9M³
Shareholders’ equity		$2.5M³	$21.7M³	$19.7M³
Shares outstanding			13.9M shares³	15.5M shares³

Cash from operations⁴³-$10.6M in 2022+247% since 2020

Capital spending⁴³$156.6K in 2022−66% since 2020

Free cash flow⁴³-$10.8M in 2022+206% since 2020

Fiscal year	2020	2021	2022
Cash from operations	-$3.1M⁴	-$7.8M³	-$10.6M³
Depreciation and amortization		$79.6K³	$160.9K³
Stock-based compensation		$1.2M³	$3.0M³
Capital spending	$454.7K⁴	$1.7M³	$156.6K³
Free cash flow	-$3.5M	-$9.5M	-$10.8M
Cash from investing		-$1.7M³	-$506.6K³
Cash from financing		$26.8M³	$13.6M³

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Leadership

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

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)

Board memberBradley A. Feld Jan 12, 2023 to Jan 17, 2023¹⁰
Board memberTimothy J. Scannell May 13, 2022 to Jun 9, 2022¹¹
Board memberStephen M. Ward Jr. Nov 14, 2022 to Nov 14, 2022¹²
Board memberAmin J. Khoury Nov 23, 2021 to Apr 20, 2023¹³
Board memberDavid Helfet Nov 23, 2021 to Jun 9, 2022¹⁴
Board memberHeather Floyd Nov 23, 2021 to Jun 9, 2022¹⁵
Board memberMichael F. Senft Nov 23, 2021 to Jun 9, 2022¹⁶
Board memberThomas P. McCaffrey Nov 23, 2021 to Jun 9, 2022¹⁷

Former names

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

Timeline

Nov 23, 2021New chief executive Jason Dibona becomes CEO⁷

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:

Mar 27, 202415-12G EDGAR
Mar 1, 2024SC 13D/A EDGAR
Feb 13, 2024SC 13G/A EDGAR
Oct 5, 20238-K EDGAR
Oct 3, 20238-K EDGAR
Sep 25, 20238-K EDGAR
Sep 20, 2023RW EDGAR
Sep 20, 20238-K EDGAR
Sep 12, 2023EFFECT EDGAR
Sep 8, 2023POS AM EDGAR
Sep 5, 2023S-1 EDGAR
Aug 23, 20238-K EDGAR
Aug 16, 20238-K EDGAR
Aug 14, 202310-Q EDGAR
Aug 14, 2023425 EDGAR
Aug 14, 20238-K EDGAR
Jul 13, 2023424B3 EDGAR
Jul 12, 2023EFFECT EDGAR
Jul 10, 2023CORRESP EDGAR
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.

FG Next GP, LLCSC 13D/A, 2 filings Jan 23, 2023 to Mar 1, 2024¹⁸
Uncork Plus II, L.P.SC 13G/A, 2 filings Jan 23, 2023 to Feb 13, 2024¹⁹
Amin J. KhourySC 13G/A, 2 filings Feb 14, 2022 to Feb 8, 2023²⁰
Dateline TV Holdings, Inc.SC 13G/A, 3 filings Feb 14, 2022 to Feb 8, 2023²¹
David HelfetSC 13G/A, 2 filings May 4, 2022 to Feb 8, 2023²²
University NortheasternSC 13G/A, 2 filings Jul 11, 2022 to Feb 8, 2023²³
PELL LEWIS CSC 13G, 1 filing Feb 14, 2022²⁴

Money raised

Private offerings the company reported to the SEC on Form D.

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

Sources

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

1
SEC EDGARMolekule Group, Inc. filings on SEC EDGAR
2
SEC EDGARMolekule Group, Inc. filings on SEC EDGAR
3
SEC EDGARMolekule Group, Inc. 10-K for fiscal 2022
4
SEC EDGARMolekule Group, Inc. 10-K for fiscal 2021
5
SEC EDGARMolekule Group, Inc. 10-Q for fiscal 2023
6
SEC EDGARMolekule Group, Inc. 10-Q for fiscal 2023
7
SEC EDGARJason Dibona, Chief executive officer
8
SEC EDGARRyan Tyler, Chief financial officer
9
SEC EDGARRitankar Pal, Chief operating officer
10
SEC EDGARBradley A. Feld, Board member
11
SEC EDGARTimothy J. Scannell, Board member
12
SEC EDGARStephen M. Ward Jr., Board member
13
SEC EDGARAmin J. Khoury, Board member
14
SEC EDGARDavid Helfet, Board member
15
SEC EDGARHeather Floyd, Board member
16
SEC EDGARMichael F. Senft, Board member
17
SEC EDGARThomas P. McCaffrey, Board member
18
SEC EDGARFG Next GP, LLC SC 13D/A on Molekule Group, Inc.
19
SEC EDGARUncork Plus II, L.P. SC 13G/A on Molekule Group, Inc.
20
SEC EDGARAmin J. Khoury SC 13G/A on Molekule Group, Inc.
21
SEC EDGARDateline TV Holdings, Inc. SC 13G/A on Molekule Group, Inc.
22
SEC EDGARDavid Helfet SC 13G/A on Molekule Group, Inc.
23
SEC EDGARUniversity Northeastern SC 13G/A on Molekule Group, Inc.
24
SEC EDGARPELL LEWIS C SC 13G on Molekule Group, Inc.