Solar Innovator GoSun Releases 2021 Annual Report
April 19, 2022
Revenue up 50% Since 2020 Setting New Company Record
CINCINNATI /OUTDOOR SPORTSWIRE/ GoSun (https://gosun.co) creator of solar appliances that help people live with more independence and resilience, today announces its financial report for its 2021 fiscal year ending December 31, 2021.
Sales of GoSun’s innovative solar appliances and accessories, including ovens, coolers, and power generators, reached all-time highs as the company posted a revenue record of $5.87 million in 2021, up 50 percent year over year. The company posted a net loss of $31,000 due to increases in R & D compared to last year’s net gain of $2,783. The comprehensive GoSun Annual Report is available here.
“Our revenues continue to grow across all segments,” said GoSun CEO, Patrick Sherwin. “People are looking for energy smart solutions for the outdoors and at home, and we will continue to invest and innovate in the recreation and emergency preparedness spaces. Over the past several years, so many people have discovered or rediscovered the great outdoors, and our products make any outdoor experience more enjoyable.”
Beyond recreation, GoSun products are popular for emergency preparedness: with solar, there is no need for fuel, creating potentially critical alternatives to cook, purify water, and more during power outages and other emergencies.
“We’ve seen more and more people contacting us and buying our products for the purpose of resilience and improving their personal or household energy independence. Our vision as a company is being further validated as we witness the whole world moving away from fossil fuels,” added Sherwin.
In 2022, GoSun is focused on continuing to build a brighter, more sustainable future, with specific goals of becoming carbon neutral through efficiency measures, electric vehicles, and solar power. Additionally, GoSun is directly supporting non-profit organizations like Global Empowerment Mission (GEM) on disaster relief and humanitarian work helping Ukrainian refugees.
Further boosting the company’s growth, GoSun has raised over $1.6 million through an equity crowdfunding campaign, which allows anyone to invest in the company for as little as $250. More information is available at: StartEngine.com/gosun.
On April 20, 2022, GoSun will hold its annual meeting where the new GoSun Grid will also be announced. Those interested in attending can register here – GoSun Annual Meeting.
About GoSun Founded in 2016, GoSun has become the first consumer solar appliance manufacturer to break into mainstream markets centered around enjoying power, food, and drink while outdoors, and is becoming one of the most recognized brands in the solar appliance industry. GoSun’s breakthrough solar-powered technologies can cook, cool, light, power your electronics, purify and deliver water, and more. GoSun’s products are portable, efficient, and free of harmful carbon emissions, and are designed for the outdoors and as solutions to increase resilience and independence. Headquartered in Cincinnati, GoSun has established partnerships with companies and organizations including REI, Home Depot, Ace Hardware, the United Nations, and global NGOs. Learn more at https://gosun.co.
MacKenzie St. Peter