View Our 2017 Financial Earnings
2017 Financial Earnings
When we announced we’d be offering StartEngine shares to the public on our own site, we were eight months into a runaway year.
Record numbers of companies were raising capital, investors were fueling a hot streak of million dollar raises, and hundreds of thousands of people, like you, were becoming aware of the potential provided through the JOBS Act.
But the numbers presented in our application mostly speak to none of that — they’re primarily for 2016 and 2015.
Here’s what 2017 brought:
Revenue is up.
2017 revenue was $2,053,737*. That’s a 566% increase from 2016.
Burn is down.
Cash burn averaged $131,629* per month. Average monthly burn was 53% less than last year.
Services are diversifying.
5 new services were introduced in 2017, accounting for $700,577 in new forms of revenue*.
And more entrepreneurs are finding capital than ever before!
In 2017, 61 companies reached their funding goals on StartEngine—well beyond numbers seen in previous years.
What we’re experiencing is a cultural shift. Business owners are moving away from the dependencies created by venture capitalists and toward the potential of the crowd. Hundreds of entrepreneurs came through our offices in 2017; thousands joined our online community. We’re so excited to see what comes next, and we hope you join us for the ride!
Ready to invest in StartEngine?
*The above data, which is provided for your information only, is derived from our preliminary, unaudited results and is subject to change. This information may require adjustments, additions and changes in order to comply with GAAP, and has not been reviewed by any accountant. In the normal course of an audit, adjustments, including year-end adjustments, are made. These may change the results presented here, possibly in significant ways. We are unable to predict when our audited results will be available.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.