Blackboxstocks, Inc. Announces Record High Revenue for November 2021; Q4 2021 Revenue Now Estimated at High End of Guidance
December 14 2021 - 7:45AM
Business Wire
Black Friday / Cyber Monday Sales Bolster Cash
Receipts of $1.2 Million for the Month
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 had a record month in November for
both monthly recurring revenue and cash receipts.
The record cash receipts and revenue in November is expected to
result in the Company hitting revenue projections at the high end
of the previously projected range for the fourth quarter of 2021.
Blackbox had previously projected record high revenue for Q4 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.
Approximately $800,000, or 67%, of the $1.2 million of
November’s cash receipts were from the sale of annual
subscriptions. Revenue recognized from these sales will be
amortized over the next twelve months. The significant sale of
annual subscriptions in November resulted in the overall ratio of
annual subscriptions increasing to 37% of the overall user base
from 32%.
“We are very pleased to be closing out another year with record
revenue and are especially excited to see the growth of annual
subscriptions in our user base. We believe that this speaks volumes
to our brand loyalty and increases the life-time value of our
members, one of the most important metrics for a SaaS company like
Blackbox,” said Gust Kepler, Chief Executive Officer.
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.
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Investors@blackboxstocks.com PCG Advisory Stephanie Prince (646)
863-6341 sprince@pcgadvisory.com
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