Blackboxstocks, Inc. Releases
Shareholder Update
DALLAS, TX - January 5, 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
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.
1.)
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.
2.)
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.
3.)
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.
Contacts:
Investors@blackboxstocks.com
PCG Advisory
Stephanie Prince
(646) 863-6341
sprince@pcgadvisory.com
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