Energy Network Media Group
Growth Stage
Flagship publication in oil and gas
Overview
Raised: $12,850
Total Commitments ($USD)
Platform
Netcapital
Start Date
01/10/2024
Close Date
04/26/2024
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$100,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$121
Momentum
Funded
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Year Founded
2003
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Energy Network Media Group, with a valuation of $100 million, is raising funds on NetCapital. It is a rebrand of Shale Magazine and provides relevant news related to oil and gas. Energy Network Media Group covers top stories in oil and gas from various viewpoints and gives direct access to industry stakeholders. The business has high visibility on digital issues and its website and has grown from one radio station to national syndication. Kym Bolado founded Energy Network Media Group in December 2003. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for the creation of an editorial board, hiring a team of digital experts, marketing, merchandising, and events.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$364,760 |
$384,123 |
|
COGS |
$52,572 |
$38,562 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$21,847 |
$68,289 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$24,020 |
$23,484 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$42,334 |
$49,470 |
|
Short-Term Debt |
$1,000 |
$1,156 |
|
Long-Term Debt |
$8,876 |
$27,417 |
|
Total Liabilities |
$9,876 |
$28,573 |
Financials as of: 01/10/2024
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