Blackboxstocks, Inc. Releases Shareholder Update
January 05 2022 - 8:00AM
Business Wire
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 released a shareholder update.
Dear Shareholders,
As we close the books on 2021, and the new year is upon us, I
would like to recap some of the milestones that Blackbox achieved
in 2021 and update you on initiatives we have in store for 2022. I
have always been a firm believer in the adage “simplicity sells”
and am also a fan of brevity whenever possible. So please consider
this a brief, but comprehensive recap and update with the purpose
of keeping our stakeholders informed until we file our Form-10K
with the SEC in March.
On November 10, 2021, BLBX uplisted to the NASDAQ Capital Market
exchange in conjunction with a $12,000,000 initial public offering
providing Blackbox with significant working capital. It also
allowed our stock to trade on an exchange offering exposure to a
broad group of investors and enhanced liquidity for our
shareholders. The new surplus of working capital is a luxury that
management has not had in the past. Since the inception of
Blackbox, we have often operated under tight capital constraints
that made the development of our product and scaling of our
customer base extremely challenging. At the same time, we learned
how to operate very effectively and efficiently. We are very
thankful for the efficient machine that was spawned from the lean
years at Blackbox.
We had a banner year in 2021!! We reported record revenue in the
first three quarters of the year. We also provided guidance for
full year revenue for 2021 to be in a range between $5.94 and $5.98
million, 76-78% ahead of 2020. Revenue growth was driven by
significant membership growth which grew to and surpassed the
milestone of 6,000 paid subscribers in December 2021. While we are
very proud of these achievements, it is important for our
shareholders to understand that we have our sights set much higher.
We believe we can improve on our current growth trajectory as well
as continue to enhance the quality and scope of our product.
Currently, we are in the process of completing and implementing
multiple new initiatives that we believe will enable us to
substantially grow our subscriber base and revenue. We have built a
brand that is known for its quality user experience and
personalized customer service and we believe that these new
initiatives will allow us to scale our platform without sacrificing
the quality of our brand.
Blackbox is a community driven platform that leverages the power
of our members in a team environment to create what I often refer
to as “the best of man and machine!” We believe our powerful
analytics are greatly enhanced by our community that interprets
them. In 2022 we plan to augment this unique dynamic that has
differentiated Blackbox from other trading tools and fintech
platforms. Here are three near term initiatives that we are
finalizing and implementing in order to start 2022 with a strong
trajectory.
- Audio Broadcast Upgrade: We have been working on upgrading and
enhancing our audio broadcast capability and the corresponding chat
features. Our goal is to provide for additional rooms and channels
as our community continues to grow. We released the interim version
of this upgrade in December. We expect the full production version
of this upgrade to be released by the end of January.
- Native Mobile Apps for iOS and Android: We are in the final
stages of internal testing before we release a beta version of our
new native apps. We are confident that we will recreate the robust
user experience that we offer our desktop users with these new
apps, including the audio broadcast feature that is so popular
within our community. We know offering these apps is imperative for
the continued growth of our user base now that so many new traders
are back at work post-pandemic and we’re excited for their
launch.
- Expansion of Development Team: The recent capital raise has
provided us with the ability to source and acquire additional
developers. We intend to double the number of developers and
engineers on our team in the coming months. We plan to add experts
in the areas of UI/UX Design and Trading Analytics, as well as
additional engineers and developers. Increasing the size of our
development team will allow us to add new features and products
more quickly to better serve our members and drive revenue.
Before closing, I would like to take this opportunity to remind
all of our stakeholders that Blackbox is a platform that caters to
traders, and we appreciate the dynamic created by a two-sided
market. As a public company, we are committed to providing
transparency and communicating effectively with all BLBX
participants. As of January 3, 2022, there were 3,650,274 shares of
BLBX stock on deposit with the Depository Trust Corp. (DTC).
I would like to thank all of our shareholders and supporters.
Many of you have been with us since inception, and some of you may
have just purchased shares today. Some of you are shareholders as
well as members of our platform. We appreciate all of you and
believe strongly that we are just getting started and 2022 will be
another banner year for Blackbox!
Cheers,
Gust Kepler
CEO Blackboxstocks Inc.
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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