Intellivision Entertainment hasn't generated revenue since launch
Marie Dealessandri
Features Editor
Wednesday 9th February 2022
Intellivision Entertainment
Intellivision Entertainment has made no revenue since its inception in 2018 and in its current state may only be able to operate until July 2022.
That's according to a SEC filing shared on the Amico maker's website earlier this week, as it's looking to raise $5 million to pursue its efforts to release the retro console.
The SEC filing goes through the risks associated with investing in Intellivision Entertainment. While some of the risk factors would be expected, such as the fact that "an investment in the company involves a high degree of risk and should be considered by those who can afford the loss of their entire investment," the document provides an interesting insight into the company's business.
For instance, Intellivision pointed out that it's possible that it "may never have an operational product or service."
"It is possible that there may never be a fully operational Intellivision Amico," the document read. "It is possible that the failure to release the product is the result of a change in business model upon [the] company's making a determination that the business model, or some other factor, will not be in the best interest of [the] company and its stockholders/members/creditors."
It also addressed that Intellivision has "a limited history upon which an evaluation of its performance and future prospects can be made," as it has not generated profit at this stage and has "sustained losses since inception."
Later in the document, Intellivision disclosed having "significant debt," including an "aggregate of $3.1 million in outstanding loans" from its board members.
If only the minimum of $10,000 is raised from its campaign, the
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