Sound of Freedom
Angel Studios: Sound of Freedom Theatrical
Overview
Raised: $5,000,000
Total Commitments ($USD)
Platform
Angel Funding
Start Date
05/26/2023
Close Date
06/15/2023
Min. Goal
$1,000,000
Max. Goal
$5,000,000
Min. Investment
$1
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
6
% of Min. Goal
500%
% of Max. Goal
100%
Likelihood of Max
Avg. Daily Raise
$357,143
# of Investors
7,060
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2014
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Location
PROVO, Utah
Angel Studios is raising funds on Angel Funding. It is a streaming media service that offers family-friendly entertainment. The business focuses on content supported by crowdfunding and features titles, including Dry Bar Comedy, The Wingfeather Saga, Tuttle Twins, and The Chosen. Patrick Reilly founded Angel Studios in February 2014. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $5 million. The campaign proceeds will be used for the theatrical release of Sound of Freedom, a film based on the true story of a US government agent.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$75,516,562 |
$122,793,064 |
|
COGS |
$40,392,001 |
$77,129,092 |
|
Tax |
$-765,185 |
$819,179 |
| ||
| ||
|
Net Income |
$-13,710,708 |
$17,118,611 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$10,721,628 |
$24,258,513 |
|
Accounts Receivable |
$7,189,526 |
$10,440,538 |
|
Total Assets |
$39,387,358 |
$59,308,488 |
|
Short-Term Debt |
$2,230,005 |
$208,373 |
|
Long-Term Debt |
$4,625,854 |
$4,855,859 |
|
Total Liabilities |
$6,855,859 |
$5,064,232 |
Financials as of: 05/26/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Analyst Report 
Pending Review
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.