Blackboxstocks Reaches 6,000 Subscriber Milestone, Projects Record Q4 and 2021 Revenue
November 22 2021 - 8:00AM
Business Wire
User Base Grew 422% in 22 Months Since January
1, 2020
Blackboxstocks Inc. (NASDAQ: BLBX) (“Blackbox”), a financial
technology and social media hybrid platform offering real-time
proprietary analytics for stock and options traders of all levels,
today announced that the Company has achieved a significant
milestone when it crossed the threshold of 6,000 active paid
subscribers.
In addition, Blackbox projects record high revenue for the
fourth quarter ending December 31, 2021 ranging between $1.51
million and $1.56 million, an increase of 45% - 50% when compared
to revenue of $1.04 million for the same period in 2020, resulting
in record annual revenue for 2021.
“Blackbox has had a strong year in 2021 and reaching 6,000
subscribers is an important milestone. We’re excited to reach new
targets in 2022 as a result of our recent uplisting and public
offering. The new capital from the offering will be used to fuel
product development and aggressive advertising and marketing to
drive additional subscriber growth,” said Bob Winspear, Chief
Financial Officer of Blackbox.
“We are just getting started,” added Gust Kepler, Chief
Executive Officer. “With our unique platform, we believe that
Blackbox is well positioned to cater to the explosive democratized
trading movement!”
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a financial technology and social media
hybrid platform offering real-time proprietary analytics and news
for stock and options traders of all levels. Our web-based software
employs "predictive technology" enhanced by artificial intelligence
to find volatility and unusual market activity that may result in
the rapid change in the price of a stock or option. Blackbox
continuously scans the NASDAQ, New York Stock Exchange, CBOE, and
all other options markets, analyzing over 10,000 stocks and up to
1,500,000 options contracts multiple times per second. We provide
our users with a fully interactive social media platform that is
integrated into our dashboard, enabling our users to exchange
information and ideas quickly and efficiently through a common
network. We recently introduced a live audio/screenshare feature
that allows our members to broadcast on their own channels to share
trade strategies and market insight within the Blackbox community.
Blackbox is a SaaS company with a growing base of users that spans
42 countries; current subscription fees are $99.97 per month or
$959.00 annually. For more information, go to:
www.blackboxstocks.com
Safe Harbor Statement
Our prospects here at Blackboxstocks are subject to
uncertainties and risks. This press release contains
forward-looking statements that involve substantial uncertainties
and risks. These forward-looking statements are based upon our
current expectations, estimates and projections about our business,
and reflect our beliefs and assumptions based upon information
available to us at the date of this press release. In some cases,
you can identify these statements by words such as "if," "may,"
"might," "will, "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," "continue," and
other similar terms. These forward-looking statements include,
among other things, plans for proposed operations, descriptions of
our strategies, our product and market development plans, and other
objectives, expectations and intentions, the trends we anticipate
in our business and the markets in which we operate, and the
competitive nature and anticipated growth of those markets. We
caution readers that forward-looking statements are predictions
based on our current expectations about future events. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties and assumptions that are
difficult to predict. Our actual results, performance or
achievements could differ materially from those expressed or
implied by the forward-looking statements as a result of a number
of factors including, but not limited to, the risks and
uncertainties discussed under risk factors in our registration
statement on Form S-1, as amended (File No. 333- 260065) as well as
our other filings with the SEC. We undertake no obligation to
revise or update any forward-looking statement for any reason.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211122005858/en/
Investors@blackboxstocks.com PCG Advisory Stephanie
Prince (646) 863-6341 sprince@pcgadvisory.com
BlackBoxStocks (NASDAQ:BLBX)
Historical Stock Chart
From May 2024 to Jun 2024
BlackBoxStocks (NASDAQ:BLBX)
Historical Stock Chart
From Jun 2023 to Jun 2024