# 17X Revenue Growth in 2023! | Tradefox, Inc.

- Canonical URL: https://wefunder.com/feed/171096
- Entity ID: wefunder:feed_item:171096
- Published at: 2024-02-26 13:25:00 UTC
- Updated at: 2026-06-08 21:35:09 UTC

## Author
Chris Yerbey

## Subject
Tradefox, Inc.

## Content
Tradefox announces a significant achievement with a 17X increase in revenue for the year 2023, reaching $124,300 up from $7,200 in 2022. - Chris YerbeyDear investors, I have been looking forward to making this announcement for some time. This is a proud day for me personally and a proud day for the team who have been working with tireless persistence over the past few years to make the Tradefox vision a reality. It is with great pleasure that I am announcing that Tradefox recorded a 17X revenue increase in 2023! The business generated trading revenues of $124,300 in 2023 financial year, up from $7,200 in 2022. A significant portion of this trading revenue was generated from industry heavy weights Gemini Corporation, Amkay Metals and Sealink International. With 265 fee generating accounts in 2023 and 460 data contributing members providing more than 250,000 trade reviews, we have established a very strong foundation to build upon in 2024.We are projecting a 4.5X increase in revenue in 2024 to $557,000. To put this into perspective, the current monthly burn rate is approximately $80,000 or $960,000 per year, so we are making great progress. I would like to thank the team at Tradefox and also our investors. Our success would not be possible without investment from our 2,200 strong investor community! This is a very exciting time for everyone at Tradefox. We are confident in delivering further growth and market penetration moving forward.REMINDER: Our equity crowdfunding campaign is closing on April 1st. If you have been considering investing, please do so today. Chris Yerbey, CEOTradefox, Inc.