Blackboxstocks Inc - BLBX STOCK NEWS

Blackboxstocks Inc. (NASDAQ: BLBX) announced its financial results for the third quarter and nine months ended September 30, 2023. The total revenue for the third quarter was $728,468, with a member count of 3,174. Operating expenses were $1,269,769. Adjusted EBITDA was $(513,026). The CEO highlighted progress in pursuing a merger with Evtec, exploring strategic marketing partnerships, and completing beta tests for a new product, StockNanny. The CFO mentioned the impact of cost reductions in narrowing the net loss for the current quarter.

Blackboxstocks integrates GoNoGo Trend Indicator into its platform, providing real-time momentum insight for traders.

Blackboxstocks Inc. announces Q2 financial results with a decrease in revenue and member count. The company is encouraged by the stabilization of its member base and expects positive growth from recent changes to its marketing team. They have also reduced operating expenses in preparation for the launch of StockNanny, a mobile app for self-directed investors. The merger with Evtec Group Limited is progressing and expected to provide maximum value for stakeholders.

Blackboxstocks launches beta program for StockNanny, a portfolio alert product for self-directed investors, leveraging real-time analytics and AI.

Blackboxstocks Inc. (NASDAQ: BLBX) has announced a letter of intent to merge with Evtec Group Limited and its subsidiaries, which focus on the supply of parts for luxury, performance, and EV brands. Post-merger, Blackbox stockholders are expected to retain 8.34% of the combined company's shares. Evtec has secured approximately US$500 million in orders scheduled for delivery from 2024 to 2032, positioning itself to capitalize on the current automotive supply chain challenges. The merger aims to enhance Blackbox's strategic position in the fintech sector while expanding Evtec's operational capabilities in the automotive supply chain, focusing on premium brands, and facilitating vertical supply opportunities.

Blackboxstocks Inc. (NASDAQ: BLBX) reported its financial results for Q4 and the full year ended December 31, 2022. In Q4, total revenue decreased to $1,068,158 from $1,687,236 in Q4 2021, marking a decline for the full year as well, where revenue fell to $4,959,109 from $6,112,324. The company’s average member count also dropped, averaging 4,607 in Q4 2022, down from 5,749 in Q4 2021. Adjusted EBITDA showed losses of $(1,034,565) for Q4 and $(4,140,195) for the year. As of December 31, 2022, cash and marketable securities totaled $3.6 million. Despite these challenges, the CEO expressed optimism for 2023, indicating a shift towards a B2B strategy and the launch of a new app targeted at self-directed investors.