Foodist 1 | Updates
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By Ole Schaumberg

Quarterly Figures of Foodist Better than Expected

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Dear Companists,

The first quarter of 2014 is over, and we would like to provide you with our latest quarterly figures immediately. Even though we put much effort into the preparation of the second financing round in the last few weeks, we were still able to experience significant growth. 

 

Revenues and Results Better than Expected

Revenues came in at more than EUR 134,000 and are thus EUR 7,000 higher than projected. This is primarily due to the acquisition of several corporate customers and to the high popularity of our thematic boxes. Therefore, we have already achieved 44 % of last year's revenues in the quarter directly after Christmas, which normally tends to be rather weak. At the same time, we were able to increase quarterly revenues sixfold compared to the first quarter of 2013.

Since we will not deal with many issues related to expansion, for instance B2B sales, until the second quarter, we are confident that monthly revenues will increase significantly once again. The number of subscribers projected for the first quarter was reached, so we can expect to reach 1750-1850 subscribers until the end of April.

With regard to costs, we decided to temporarily reduce our marketing costs and our operational costs in order to have a financial buffer before the second financing round. Consequently, results are better than projected. 

 

 

Best regards,

Foodist



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Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

563

Companists

175,000 €

Invested

13.73 %

Share offered

Contact Details
Foodist GmbH
Große Elbstraße 145 a
22767 Hamburg
Deutschland

Phone: +49 (0)40-22820414
Email: support@foodist.de
Website: www.Foodist.de
Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

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Companisto GmbH
Köpenicker Str. 154
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