Blackboxstocks,
Inc. Announces Record High Revenue for November 2021; Q4 2021
Revenue Now Estimated at High End of Guidance
Black Friday/ Cyber
Monday Sales Bolster Cash Receipts of $1.2 Million for the
Month
DALLAS, TX – December 14th, 2021 --
InvestorsHub NewsWire -- 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.
Contacts:
Investors@blackboxstocks.com
PCG Advisory
Stephanie Prince
(646) 863-6341
sprince@pcgadvisory.com