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Blackboxstocks Acquisition Target Evtec Reports Revenue Increased 115% in FY2023 Projects $52 Million for FY2024

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Blackboxstocks Inc. (BLBX) reports a 53% increase in revenue for the first half of FY2024, reaching $21.3 million. Total projected revenue for FY 2024 is expected to reach $52 million. Evtec Aluminum, the acquisition target company, has established itself as a leading OEM supplier in the UK, specializing in manufacturing complex aluminum castings for automotive, emobility, marine, and power train sectors. Evtec's proprietary Ultra-Light Aluminum plays a crucial role in producing lightweight parts for EV and Hybrid vehicles, with strong partnerships with major automotive companies like Jaguar Land Rover, Bentley, and Aston Martin.
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The reported 53% revenue increase for Evtec Aluminum in the first half of FY2024 and the overall 115% rise compared to the previous fiscal year, indicate a robust growth trajectory for the company. This performance is particularly noteworthy in the context of the automotive and emobility sectors, which have been experiencing a surge in demand for lightweight materials. Aluminum's importance in electric vehicle (EV) manufacturing, due to its light weight and strength, aligns with industry trends towards energy efficiency and reduced emissions.

Evtec's role as an OEM supplier to prestigious automotive brands suggests a strong market position and the potential for sustained demand. The anticipated revenue growth to $52 million for the full year of FY2024 could signal confidence in the company's ability to capitalize on the growing EV market. Investors may view this as a positive indicator of future performance, particularly as the company expands its customer base, which now includes McClaren—a notable addition to its high-profile clientele.

From a financial perspective, the substantial revenue growth reported by Evtec Aluminum is likely to be viewed favorably by investors, as it suggests scalability and effective market penetration. The projected increase in revenue for FY2024 also implies a strong forward-looking statement, potentially impacting Blackboxstocks Inc.'s stock valuation positively, given the merger context.

However, it's important to consider the capital expenditures and investments required to sustain such growth, particularly in the high-precision manufacturing space. The financial health of Blackboxstocks, post-merger, will be critical to monitor, especially regarding how the company plans to integrate Evtec's operations and leverage synergies between fintech and advanced manufacturing technologies.

Evtec's proprietary techniques in producing aluminum casings for electric motors are of particular interest within the automotive industry. The strength and design flexibility of these components are essential for the performance and longevity of EVs. The company's emphasis on quality and its strategic partnerships with leading OEMs could offer a competitive edge as the industry shifts towards electrification.

The focus on lightweight and durable materials is aligned with broader industry efforts to improve vehicle efficiency and meet stringent environmental regulations. As EV adoption increases, suppliers like Evtec that can provide specialized, high-quality components may benefit from long-term partnerships and increased bargaining power within the supply chain.

Revenue Continues to Accelerate, Increasing 53% in First Half of FY2024

DALLAS, April 02, 2024 (GLOBE NEWSWIRE) -- 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, today released financial results for the first half of FY2024 ended December 31, 2023, for its acquisition target company, Evtec Aluminum.

  • Revenue for the twelve months of FY 2023 reached $30.9 million compared to $14.4 million for FY2022 ended June 30, 2022, an increase of 115%.

  • Revenue for the first half of fiscal 2024 was $21.3 million, an increase of 53% compared to $13.9 million for the first half of fiscal 2023, ended December 31, 2022.

  • Total projected revenue for FY 2024 ending June 30, 2024, is expected to increase approximately $21 million to $52 million.

Evtec Aluminum Limited (Evtec) has established itself as one of the leading OEM suppliers in the UK across the automotive, emobility, marine and power train sectors. At its class-leading facilities in the UK, Evtec designs, manufactures and supplies complex aluminum castings ranging in weight from just 50g up to 200kg. Evtec’s manufacturing process and engineering capabilities create aluminum components in an unlimited range of shapes and sizes designed specifically for the individual manufacturer’s requirements. Electric motors (e-motors) create tremendous force and the casing holding them in position must be able to withstand an enormous amount of pressure. Evtec’s proprietary manufacturing techniques produce thin, yet strong and often complex in design, aluminum casings which will endure the pressure waves and hold the e-motor in place throughout the vehicle’s lifecycle.

  • Evtec Proprietary Ultra-Light Aluminum plays a crucial role in the manufacture of lightweight parts for EV and Hybrid vehicles.

  • Nearly 2 million aluminum components are created at Evtec Aluminum facilities every year for customers such as Jaguar Land Rover, Bentley, Aston Martin, Ford, Dunlop and most recently, McClaren.

Evtec Chairman, David Roberts said, “Evtec Aluminum has seen an incredible transformation over the last two years. Our laser-focus on delivering high quality, lightweight aluminum components has established us as a key strategic supply partner to our world class OEM customer base. With strong order and revenue growth in the first half of FY2024 ended December 31, 2023, we continue to expect increasing demand for our products to support growth in the second half as well.”

Blackboxstocks, Inc. CEO Gust Kepler said, “Throughout the course of this merger process, we have seen Evtec grow their customer base and solidify their position as a key supplier of critical parts for leading automotive companies. We are confident this merger will provide significant value for our shareholders. We are also working diligently to grow our core business in the fintech sector with new products and strategic partnerships.”

About Evtec Aluminum Ltd.

Evtec is recognized as one of the world’s leading advanced Aluminum castings and machining manufacturers, supplying premium brand Original Equipment Makers (“OEMs”). It supplies a range of strategic auto parts on powertrain and EV packs as well as body-in-white structural parts, from its world-class facilities in the UK. Their business focuses on premium luxury brands and a market transition to electric vehicles and includes Jaguar Land Rover Group as their largest customer. As a result of significant change in the global supply chain for auto manufacturing in Great Britain that places an increased need for local sourcing of parts, Evtec is well positioned to expand both organically and through acquisition. For more information, go to: www.evtec-Aluminum.com

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/video 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 over 40 countries; current subscription fees are $99.97 per month or $959.00 annually. For more information, go to: https://blackboxstocks.com

Safe Harbor Statement

Our prospects here at Blackbox stocks 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 in our other filings with the Securities Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.

Contacts:

Investors@blackboxstocks.com

PCG Advisory
Jeff Ramson
jramson@pcgadvisory.com


Blackboxstocks Inc. (BLBX) reported a 53% increase in revenue for the first half of FY2024, reaching $21.3 million.

The total projected revenue for FY 2024 for Blackboxstocks Inc. (BLBX) is expected to reach $52 million.

Evtec Aluminum, the acquisition target company, specializes in manufacturing complex aluminum castings for automotive, emobility, marine, and power train sectors.

Evtec Aluminum has partnerships with major automotive companies like Jaguar Land Rover, Bentley, and Aston Martin.
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blackboxstocks, inc. develops web and mobile based analytical software tools for stock and options traders of all levels. our servers, located in close proximity to the nyse, nasdaq, and otc exchanges, drive our proprietary algorithms at near light speed. our platform employs predictive technology enhanced by artificial intelligence to find volatility and unusual market activity that can result in the rapid change in a stock’s price. the complexity of our backend analytics is neatly hidden from the end user by our simple and easy to use dashboard that includes real-time alerts, scans, news and institutional grade analytics. we also provide our users with a fully interactive chat and social media platform that is integrated into our dashboard. this allows our users to exchange information and ideas quickly and efficiently through a common network. we recently introduced a live audio/video feature that allows our members to broadcast on their own channels to share trade strategies and ma