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$18,000,000
07/20/2022
Media, Entertainment & Publishing
BuzzCast, with a valuation of $18 million, is raising funds on Republic. The company has developed a premium platform for producers with enterprise businesses in mind. The platform is built on AWS Serverless technology and has prioritized stability and scale. BuzzCast is able to deliver broadcast-quality streaming and has customization capabilities. The company has generated $1.65 million in revenue since its launch and has an established client base, including Uber, Carnival, and Shiseido. Ryan Byrne, Luke Peterson, and Matthias Thoemmes founded BuzzCast in December 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for innovation, growth, and expansion.
Summary Profit and Loss Statement
|
Revenue |
$704,019 |
$851,740 |
|
COGS |
$252,099 |
$235,016 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-1,632,590 |
$308,140 |
Summary Balance Sheet
|
Cash |
$925,881 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,219,763 |
$359,527 |
|
Short-Term Debt |
$318,778 |
$51,387 |
|
Long-Term Debt |
$2,086 |
$0 |
|
Total Liabilities |
$320,864 |
$51,387 |
Financials as of: 07/19/2022
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