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Boxabl Sees 763% Revenue Growth

+ StartEngine Reports Q3 Results with 63% Growth

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Caleb Naysmith
November 22, 2024

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Some interesting updates coming out of the Q3 results for some of the largest names in equity crowdfunding. Starting off Strong, we have Boxabl’s Q3 results showing a staggering 763% growth:

Boxabl’s Revenue Rocket’s 763% As Modular Housing Startup Picks Up Momentum

Boxabl, a modular construction company revolutionizing affordable housing, announced impressive revenue growth in its Q3 and nine-month results for 2024, underscoring strong demand for its innovative products

media.hubtas.com/2024/11/21/boxabls-revenue-skyrockets-763-as-modular-housing-startup-picks-up-momentum

StartEngine had a mixed, but overall solid quarter as the company approaches $40 million in revenue this quarter. That would roughly $11 million more than their all time high of $29 million in 2021.

StartEngine Releases Q3 Financials Showing 68% Growth and Pacing for $40 Million 2024 Revenue

StartEngine, a leading equity crowdfunding platform, has released its financial results for the third quarter and first nine months of 2024, showcasing strong revenue growth despite widening losses as the company continues to scale its operations.

media.hubtas.com/2024/11/21/startengine-releases-q3-financials-showing-68-growth-and-pacing-for-40-million-2024-revenue

Finally, EnergyX was a pioneering lithium-ion startup that recently raised a whopping $75 million Reg A raise. This is the max you can raise under the exemption, but for those that missed it, they recently launched a $5 million Reg CF for those still looking to get in.

EnergyX Relaunches Equity Crowdfunding Campaign After Record $75 Million Raise

Energy Exploration Technologies Inc. (EnergyX), a pioneer in lithium extraction and battery technology, has announced the relaunch of its equity crowdfunding campaign, offering retail investors the opportunity to join its mission under Regulation Crowdfunding (Reg CF).

media.hubtas.com/2024/11/22/energyx-relaunches-equity-crowdfunding-campaign-after-record-75-million-raise

And if you’re looking for more context on investing, checkout Hubtas’s comprehensive research report on the company by clicking here.

All these stories and more can be read on Media.Hubtas.Com 

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Small Caps Rally 10% In a Month: What It Signals for Equity Crowdfunding

In a promising sign for equity crowdfunding, small caps have been on an absolute tear in recent months. Notably, the Dow Jones U.S. Completion Total Stock Market Index is up 9.97% in the past month alone, 18% in the past 6 months and 24% YTD. For comparison, the S&P 500 is only up 2.09% in the past month, 12% in 6 months, and slightly outpacing by 26% YTD. This means there’s an active shift to small caps, and investors are warming up to higher-risk investments. Small caps can be representative of the overall IPO and venture markets because most IPOs are from small-to-mid cap companies, and they’re considered higher risk. If these are outperforming, it gives companies confidence that the underlying fundamentals of their company will be reflected in their market price. This instills confidence in more companies to go public, and helps fuel an IPO bull cycle.

Notably, 2024 is already outpacing 2023 in IPOs by a roughly 28% margin, and the year isn’t quite over. The second half of the year has seen particular momentum, with 34 IPOs in October alone. Given an overall strong macro environment, some potentially beneficial political tailwinds, and interest rates continuing to drop, equity crowdfunding could be in for a respectable bull cycle over the next 1-2 years.