Blackboxstocks Inc Stock Price, News & Analysis

Blackboxstocks Inc. (NASDAQ: BLBX) has filed an amendment for a Reverse Stock Split at a ratio of one-for-four, effective April 10, 2023. This decision was unanimously supported by the Board of Directors and approved by stockholders holding a majority of voting power on March 14, 2023. Following the split, trading will commence on a split-adjusted basis on April 11, 2023. No fractional shares will be issued; shareholders entitled to fractions will receive a whole share instead. This move aims to adjust the number of outstanding shares and enhance the company's stock price. Additionally, adjustments will also be made to the exercise prices for stock options and warrants. The company provides real-time analytics and a social media platform for stock and options traders.

Blackboxstocks Inc. (NASDAQ: BLBX) has announced the retirement of 1,130,002 common shares acquired from CEO Gust Kepler at $0.07 per share. This action increases the total retired shares to 1,817,763, including previously retired shares held in treasury. Following this, the company will have 12,503,946 common shares outstanding. Blackbox initiated a $2.5 million stock repurchase plan in January 2022, with approximately $1.4 million remaining. CFO Robert Winspear stated that this move exemplifies the commitment to enhancing shareholder value and aims to create a cleaner capital structure for future growth.

Blackboxstocks (NASDAQ: BLBX) has partnered with Boosted.ai to enhance its financial technology platform. This collaboration will integrate Boosted.ai's advanced machine learning algorithms with Blackbox's predictive analytics, providing retail investors with sophisticated trading tools previously exclusive to institutional investors. The integration aims to deliver real-time options and stock data, along with actionable alerts for day trading and long-term investments. Blackbox's CTO Brandon Smith emphasized that this partnership signifies a major advancement in providing users with optimal trading information.

Blackboxstocks Inc. (NASDAQ: BLBX) has announced the retirement of 687,761 common shares that were repurchased under its stock repurchase plan, initiated in January 2022 with a budget of $2.5 million. The repurchased shares will be removed from the outstanding shares and returned to the authorized but unissued category. Currently, $1,397,625 remains available for further repurchases until December 31, 2023. CEO Gust Kepler emphasized the company’s commitment to enhancing shareholder value through these actions.

Blackboxstocks Inc. (NASDAQ: BLBX) announced its estimated revenue for Q4 and 2022, projecting revenues between $0.95 million and $1.05 million for Q4, down from $1.69 million in the previous year. Total revenue for 2022 is expected to be between $4.85 million and $4.95 million, a decline from 2021's record of $6.11 million. CEO Gust Kepler attributed the drop to negative macro-economic conditions and a reduced member base. However, optimism remains for future growth with the upcoming launch of the new app, Stock Nanny, targeting a broader retail market.

Blackboxstocks Inc. (NASDAQ: BLBX) has appointed Keller Reid to its board of directors, replacing Andrew Malloy. Reid, with over 14 years of experience in trading systems and technology, previously worked at Ackerman Capital Management and Apex Clearing. His background includes developing a patented electronic routing algorithm. CEO Gust Kepler expressed optimism about Reid's addition, highlighting that his expertise will support the company's initiative to sell proprietary technology on an enterprise level, thus expanding its addressable market.

Blackboxstocks Inc. (NASDAQ: BLBX) has extended its $2.5 million stock buyback program to December 31, 2023. Initially started in January 2022, the program aims to boost shareholder value. By September 30, 2022, the company had repurchased 615,748 shares at a cost of $1,434,734. CEO Gust Kepler expressed confidence in the company’s prospects and highlighted plans to introduce new products in 2023.

Blackboxstocks Inc. (NASDAQ: BLBX) reported its Q3 2022 financial results, revealing a total revenue of $1,219,150, down from $1,471,814 in Q3 2021. For the nine-month period, revenue decreased to $3,890,951 from $4,425,088 in 2021. Average membership slightly declined, with 5,197 for Q3 2022 compared to 5,535 in Q3 2021. Adjusted EBITDA fell sharply to $(1,075,690) versus $(27,230) a year prior. Despite challenges, the CEO expressed optimism regarding new product developments, including the upcoming Stock Nanny app set for Q1 2023, aimed at expanding their market reach.

Blackboxstocks Inc. (NASDAQ: BLBX) will hold a quarterly conference call to discuss its Q3 2022 financial results on Tuesday, November 15, 2022, at 10:30am ET. The financial results will be released premarket on the same day. Blackboxstocks offers a financial technology platform providing real-time analytics for stock and options traders. Their subscription model is priced at $99.97 monthly or $959.00 annually, and they currently serve users in 42 countries.