Blackboxstocks Provides Fourth Quarter and 2022 Revenue Guidance

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02/22/2023 - 08:00 AM

DALLAS--(BUSINESS WIRE)-- 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 the Company’s estimated revenue range for the fourth quarter and twelve months of 2022.

For the fourth quarter ended December 31, 2022, revenue is expected to be between $0.95 million - $1.05 million, lower than the record $1.69 million reported in the fourth quarter of last year. Revenue for the twelve months ended December 31, 2022, is expected to be between $4.85 million - $4.95 million. Blackbox reported record revenue in 2021 of $6.11 million.

Blackboxstocks Chief Executive Officer Gust Kepler stated, “Sales of our core product continued to be adversely impacted by negative macro-economic conditions throughout 2022. Blackbox is a product of and for the stock market, and we believe that the adverse market conditions in 2022 were the most significant factor in the decline of our member base.”

“Despite the current headwinds, we remain optimistic about the year ahead as we look forward to the launch of our new app, Stock Nanny for the retail market, and other new products that are directed toward professional and institutional customers. Stock Nanny is an app designed for self-directed investors, which is a much larger addressable market than our current day trading customer base. This product is expected to be released toward the end of the first quarter of this year. We also plan to market many of our unique products and features on an enterprise level. This strategy will enable us to leverage and utilize many of the proprietary analytics that we have developed over the years,” 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.

For more information, go to: www.blackboxstocks.com.

Safe Harbor Clause and Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (the “SEC”), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

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Disclosure Information

Blackboxstocks uses and intends to continue to use its Investors website at www.blackboxstocks.com/company-overview as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company’s Investors website, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.