I built a website to visualize company financial data
Hi HN, I built a website myfinsight.com that aims to make complicated company financials easy to understand. The problem: The go-to place for financial data such as revenue, sales, net income is Yahoo finance. However, their data is usually wrong and very limited. The numbers are hard to digest to get insight quickly. There are also numerous websites that provide much better data for a very expensive monthly fee. Solution: a website that provides free diagrams and charts that visualize important financial data, such as income growth rate by date, revenue breakdown etc. It is free because the…
What it does
In the maker’s words, at launch
Hi HN, I built a website myfinsight.com that aims to make complicated company financials easy to understand. The problem: The go-to place for financial data such as revenue, sales, net income is Yahoo finance. However, their data is usually wrong and very limited. The numbers are hard to digest to get insight quickly. There are also numerous websites that provide much better data for a very expensive monthly fee. Solution: a website that provides free diagrams and charts that visualize important financial data, such as income growth rate by date, revenue breakdown etc. It is free because the financial data process is highly automated without manual input and correction. I used to send the finance infographics to friends and family. I found it easier just to make a website and they can grab the data from it. Next steps: there is a long tail of companies that don’t file their reports correctly. I am trying to make it more accurate somehow, and maybe add live stock prices to the website. I am also looking for feedback! Please play around with it and let me know if something is wrong.
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I've developed a web app that organizes financial statements from SEC. There are similar products on the Internet, but all of them I found just "abstracts" raw information into something. For example, typical website has "Revenue" as a top-line metrics. In reality, that can be "Total Revenue", "Net Sales", "Operating Revenue", and so on. Those website can't cover exceptional values in same reason. I believe serious investors need raw financial statements aggregated because each number reflect the companies' financial performance. Major platforms like Bloomberg does that but too expensive for…
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