General StartEngine Stories

StartEngine 2018 Earnings Call

May 8, 2019 2 min read

author:

StartEngine 2018 Earnings Call

On the morning of May 8th, the StartEngine team, including co-founder & CEO Howard Marks, Chief Marketing Officer Johanna Cronin, and Vice Presidents of Sales & Business Development Josh Amster and Allen Jebsen, hosted a 2018 Earnings Call to discuss StartEngine’s audited 2018 financials and the future roadmap of the company with StartEngine’s shareholders.

The team discussed:

  • StartEngine’s values and 10-year vision
  • StartEngine’s increased revenue of $4,682,528 in 2018 from $2,046,948 in 2017, a total increase of 129%, and a break down of that revenue: in 2018, StartEngine earned $1.4M in both Premium revenue and platform fees, as well as $596K from events & sponsorships
  • StartEngine’s increased cost of revenues of $2,637,961 in 2018 from $729,108 in 2017, a total of 262%, and a break down of those costs
  • StartEngine’s decreased gross margin of 44% in 2018 from 64% in 2017
  • StartEngine’s marketing strategy
  • The company’s 1-year plan, which includes launching our broker-dealer and secondary trading platform, signing 170 companies, decreasing onboarding time, raising capital for StartEngine, and launching a 3rd sales team
  • The company’s 3-year picture, which includes having 200,000 active investors on the platform, 100 employees, 10+ sales teams, a 10+ team devoted to Secondary, bicoastal expansion, and more

At the end of the presentation, the call opened up for a Q&A with StartEngine shareholders that attended the call. You can watch the call in its entirety here:

———

To invest in StartEngine, please visit our campaign page. To learn more about StartEngine’s offering, view our offering circular.