Blackboxstocks Provides Third Quarter 2022 Revenue Guidance
Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced today that it expects revenue for the third quarter, ended September 30, 2022, will be between $1.15 - $1.25 million, lower than the comparable period of last year
Blackboxstocks Chief Executive Officer Gust Kepler stated, “Our stock has experienced a significant decline as have many other small micro-cap companies that have been negatively impacted by adverse macro-economic conditions. Stock market declines have not only impacted our stock price, but also our new customer acquisition as retail traders have become increasingly hesitant to enter the markets. Despite these current headwinds, we continue to be confident in our company’s core product and its utility for our customers, as well as our upcoming new products, Stock Nanny and Blackbox Pro, both of which address a broader market demographic. These new products are slated to be released in the first and second quarter of 2023, respectively.”
“Blackbox has a strong balance sheet and significant room left under our stock buyback program, which we are pursuing aggressively in the current market. Unfortunately, SEC rules governing stock buybacks limit the number of shares we can purchase based on our trading volume, with the exception of block trades. These block trades must be facilitated through our designated broker Alexander Capital,” concluded Mr. Kepler.
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.