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Fanbase Common Stock 2
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There is a newer open investment round for this company - click here to view
Our take:
Fanbase is one of the most frequently searched investments on Crowdonomics, and it's not immediately clear why. The company touts "999% profit growth" on their offering page. The company gross profit was -$245 in fiscal year 2020, so even if we assume the company made 10x in both profit and revenue for 2021, that accounts for less than $3,000 in gross profit and $138,000 in revenue. A $50m valuation is incredibly rich given these figures. NOTE: The share price for this round has been adjusted by a 3.5:1 split effective 9/12/2022.

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Common Stock

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