Lantern Press

Lantern Press

Early Stage

Artful Keepsakes, Thoughtfully Made

Artful Keepsakes, Thoughtfully Made

Overview

Raised to Date: Raised: $68,680

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/28/2024

Close Date

07/29/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$24,500,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

72

% of Min. Goal

458%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,615

# of Investors

67

Momentum
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Year Founded

2024

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Location

Seattle, Washington

Lantern Press, with a valuation of $24.5 million, is raising funds on StartEngine. The company creates original and hand-drawn artwork on keepsakes and gifts. Lantern Press has a customer base of over 5,000 stores and has long-standing relationships with multiple parks, tourist attractions, and resorts. The company reported a revenue of $19.6 million in 2023, with a 74% gross margin and 809 net new retail doors. Aaron Morris founded Lantern Press in February 2024. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$19,484,960

$19,643,155

COGS

$12,180,681

$12,846,139

Tax

$0

$0

 

 

Net Income

$-2,078,929

$-3,039,367

Summary Balance Sheet

FY 2023 FY 2022

Cash

$136,224

$163,413

Accounts Receivable

$1,869,435

$1,475,919

Total Assets

$3,419,713

$3,100,098

Short-Term Debt

$5,601,523

$4,353,230

Long-Term Debt

$5,112,686

$4,606,952

Total Liabilities

$10,714,209

$8,960,182

Financials as of: 04/28/2024
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Lantern Press on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,500,000
Price per Share: $2.50

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