Company Updates

Ashley Black Experience Company Update

In this company update, we look at Ashley Black Experience announcing a new crowdfunding round on Wefunder at a $70M valuation, reflecting on the company's strong revenue growth since its previous crowdfunding round and predicting its 2024 performance.

Funding Round Details

Ashley Black Experience logo
Company: Ashley Black Experience
Security Type: Equity - Preferred
Valuation: $70,000,000
Min Investment: $100
Platform: Wefunder
Deadline: Apr 29, 2024
View Deal
  • Ashley Black Experience has opened a new round on Wefunder at a valuation of $70M, up 40% from its previous crowdfunding round of $50M. 
  • This is a priced round, so all previous crowdfunding investors that invested in the convertible note in the last 2022 RegCF round can convert at the valuation cap of $50M (paper gain of 1.4X). 
  • Since the last crowdfunding raise, the company has increased revenue by over 66%, to $25.6M in 2022 from $15.37M in 2021. 
  • During this same time period, profit remained relatively flat, with $487,131 and $521,830 of net income in 2022 and 2021, respectively. Gross margins also remained relatively equal at ~60%. 
  • In terms of 2023 revenue, the company has not revealed any updated figures. 
  • However, between the January through March of 2024, the company averaged $1,484,688 per month in revenue. This gives us a 12-month revenue run rate of ~$17.8 million, which would be a ~30% decrease from the last reported revenue in 2022. 
  • However, the company is also running at a current net margin of $198,656 per month. If we annualize this, then the company will make a profit of ~$2.38 million in 2024 (not guaranteed, simply a rough projection based on monthly revenues/expenses).
  • So while the company may experience a down year in revenue, the company is running more profitably than ever, which is a great sign. 

Teddy Lyons
About: Teddy Lyons

Teddy comes to KingsCrowd with a background in venture capital and investment banking. He worked at Deutsche Bank as an Investment Banking Analyst in the Technology, Media, and Telecommunications group. Prior to that, he served as an Associate at Alchemi Capital, a venture capital firm in Boston that invests in early-stage technology companies. Teddy holds a degree in Economics and Psychology from Wesleyan University, where he was captain of the varsity soccer team. He also holds a M.S. in Finance from Boston College.

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