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Blackboxstocks Reaches 6,000 Subscriber Milestone, Projects Record Q4 and 2021 Revenue
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Blackboxstocks Inc. (NASDAQ: BLBX) reported a remarkable 422% growth in its user base since January 2020, reaching over 6,000 active paid subscribers. The company anticipates fourth-quarter revenue between $1.51 million and $1.56 million, marking a 45%-50% increase compared to $1.04 million in Q4 2020. Blackbox aims to utilize funds from a recent public offering for further product development and aggressive marketing in 2022.
Positive
User base grew by 422% since January 2020.
Achieved over 6,000 active paid subscribers.
Projected Q4 2021 revenue of $1.51 million to $1.56 million, a 45%-50% increase from Q4 2020.
Plans to use new capital for product development and marketing.
Negative
None.
User Base Grew 422% in 22 Months Since January 1, 2020
DALLAS--(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 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.
