# Legion M: 2024 Annual Report | Legion M

- Canonical URL: https://wefunder.com/feed/182613
- Entity ID: wefunder:feed_item:182613
- Published at: 2025-05-28 19:01:33 UTC
- Updated at: 2025-07-17 12:25:31 UTC

## Author
Paul Scanlan

## Subject
Legion M

## Content
It's official! We’ve filed our 2024 annual report with the SEC. Topline results: Revenue is up -- we had over $1MM 2024, which was a 25% increase over 2023. At the same time, we've kept our "core burn" (i.e. the cost of running the company once you take out fundraising, marketing and COGS for movies) flat. In other words, we've stayed lean. We're not profitable yet, but we've clearly entered a new era for Legion M in which we believe profitability could be within sight. The sort of deals we're doing today (i.e. producing movies WE OWN as opposed to investing/partnering in movies owned by others) have the power to dramatically change our financials. Legion M is still early enough that a single hit movie could fundamentally change our trajectory. At the same time we're continuing to invest in the foundational business models (production and distribution) that we believe will power the company in the long term. If you are interested in checking out the report, you can find it (along with links to the annual reports and audited financials from the 8 previous years) at: legionm.com/investorrelations.  One thing worth noting -- the financials in our annual reports are independently audited. This means Legion M needs to go through a complete audit each year. This takes months – this year’s cost more than $50,000 in auditors fees alone -- not to mention a substantial amount of time from our small staff. That said, we believe the confidence these audits provide is invaluable. Especially in this age when it’s so difficult to trust the information you find online. Got Questions?Join us for a live investor webinar and Q&A on Wednesday May 28th, starting at 1pm PT/4pm ET — SIGN UP HERERound 10 is closing soon and the momentum we’re building right now could define everything that comes next.Let’s change the future of film, together.Onward and Upward,Jeff, Paul, and the Legion M TeamImportant Note:Equity crowdfunding investments in private placements, and start-up investments in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Legion M has filed a Form C with the Securities and Exchange Commission in connection with its Round 10 offering, a copy of which may be obtained here: bit.ly/offering-doc