Revel Energy on StartEngine 2022

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Security Type

Equity – Common

Pre-Money Valuation

$39,957,216

Reporting Date

07/02/2022

Likelihood of Max

unlikely

Momentum

cold.svg

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Location

Irvine, California

Industry

Energy, Power, & Natural Resources

Revel Energy, with a valuation of $40 million, is raising funds on StartEngine. The company develops commercial solar and energy storage of custom renewable energy systems. The offerings of Revel Energy include commercial rooftop solar systems, carport solar systems, LED lighting installation, and other energy-related services. Revel Energy is growing fast and reported a 228% revenue growth from 2018 to 2021. Alan H. Lee founded Revel Energy in October 2017. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $4,999,996.92. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Revenue

$12,086,458

$11,502,393

COGS

$9,911,601

$9,463,011

Tax

$12,590

$1,700

 

 

Net Income

$367,224

$-157,687

Summary Balance Sheet

Cash

$947,143

$2,685,874

Accounts Receivable

$313,046

$323,586

Total Assets

$2,651,843

$3,538,178

Short-Term Debt

$76,891

$76,891

Long-Term Debt

$150,432

$149,900

Total Liabilities

$227,323

$226,791

Financials as of: 07/01/2022

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