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Want To Know When StartEngine is Going Public?
+ StartEngine Sees 151% Yearly Growth!
Caleb Naysmith
August 22, 2024
In partnership with
Recent News
Another big update came this week for the IPO market. In a recent webinar by StartEngine, Howard Marks gave some indication of when the company might look at going public:
This comes after they released financials showing an absolutely blowout quarter and staggering 151% yearly growth:
Thinking about investing in AtomBeam? Make sure to read our latest Hubtas report! The guide covers everything you need to know about AtomBeam, one of the most popular companies on StartEngine right now! Read it all below:
All these stories and more can be read on Media.Hubtas.Com
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Feature of the Week: YouTube
While not a direct feature, Hubtas is going to be rolling out more video and short form content going forward. Video content can be pretty time intensive, so it’s going to be a slow ramp up. But we recorded StartEngine’s recent webinar for your viewing, so check it out below. Don’t forget to subscribe to us on YouTube!
Quant Score Deep Dive: ACME Atronomatic
ACME Atronomatic Inc. is a company based in Florida, specializing in innovative weather technology and solutions. The company is currently engaged in its second equity crowdfunding raise on the StartEngine platform, aiming to expand its operations and market presence. ACME Atronomatic is the owner of MyRadar, an AI-focused software company empowering 15M+ users with an app that anticipates weather & environmental threats.
Financial Overview:
Valuation: $94,120,000
Current Offering: Raising a maximum of $826,305 with a price per share of $3.75.
Recent Revenue: $8,954,131 with a year-over-year change of 9%.
Net Profit/Loss: Reported a net loss of $1,457,614.
Cash Balance: $209,370 with a year-over-year change of 16%.
Total Assets: $1,076,487
Total Debts: $846,498
Gross Profit Margin: 100%
Net Profit Margin: -5.11%
Debt to Asset Ratio: 0.79
Debt to Equity Ratio: 3.6806
Current Ratio: 1.75
Return on Assets Ratio: 42.52%
Monthly Burn Rate: $86,506.92
Estimated Monthly Cash Runway: 2.42 months
Bull Case:
Strong Revenue Growth: ACME Atronomatic has demonstrated a solid revenue growth of 9% year-over-year, indicating a positive trajectory in its business operations.
High Gross Profit Margin: With a gross profit margin of 100%, the company shows strong operational efficiency in generating revenue from its core activities.
Innovative Focus: The company's emphasis on technology and innovation positions it well to capture market opportunities and drive future growth.
Experienced Leadership: Led by CEO Andrew Green, the company benefits from experienced leadership, which is crucial for strategic decision-making and execution.
Equity Crowdfunding Success: The ongoing equity crowdfunding campaign on StartEngine reflects investor confidence and provides additional capital for expansion.
Bear Case:
Net Losses: Despite revenue growth, ACME Atronomatic is currently operating at a net loss, which could impact its financial sustainability if not addressed.
High Debt Levels: The company's debt to equity ratio of 3.6806 indicates a high level of leverage, which may pose financial risks if not managed effectively.
Limited Cash Runway: With an estimated monthly cash runway of 2.42 months, the company may face liquidity challenges if it does not secure additional funding or improve cash flow.
Operational Risks: Identified risks such as related party transactions and a complicated corporate structure could pose challenges to the company's operations and governance.
Market Competition: The competitive landscape may require ACME Atronomatic to continuously innovate and differentiate its offerings to maintain a competitive edge.
Conclusion: ACME Atronomatic Inc. presents a mixed financial picture with strong revenue growth and operational efficiency, but also faces challenges related to net losses and high debt levels. The company's focus on innovation and its ongoing crowdfunding efforts are positive indicators of potential growth. However, addressing financial sustainability and operational risks will be crucial for long-term success. Investors should consider both the opportunities and risks associated with ACME Atronomatic's business model and market environment.