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Blackboxstocks Inc., now REalloys Inc. after a completed merger, reports corporate developments tied to its transition into a heavy rare earth materials issuer. Recurring news themes include material agreements, shareholder voting matters, capital-structure disclosures, governance actions, regulatory disclosures, and operating updates connected with REalloys' rare earth refining and offtake relationships.
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.
Blackboxstocks Inc. (NASDAQ: BLBX) announced expected Q3 revenue of $1.15 million to $1.25 million, a decline from the previous year. CEO Gust Kepler noted that macroeconomic conditions have adversely affected their stock and customer acquisition. Despite these challenges, the company remains confident in its core product and upcoming releases, Stock Nanny and Blackbox Pro, aimed at a broader market. Kepler highlighted the company's strong balance sheet and ongoing stock buyback efforts, although SEC regulations limit their repurchase capacity.
Blackboxstocks, Inc. (NASDAQ: BLBX) will present at the H.C. Wainwright 24th Annual Global Investment Conference in New York City from September 12-14, 2022. The presentation will take place on Monday, September 12 at 5:00pm ET, featuring CEO Gust Kepler, COO Eric Pharis, and CFO Bob Winspear. Blackboxstocks combines financial technology with social media to deliver real-time analytics for traders, scanning over 10,000 stocks and 1.5 million options contracts. The platform supports a subscription model starting at $99.97 per month.
Blackboxstocks Inc. (NASDAQ: BLBX) reported second quarter 2022 revenue of $1,399,315, down from $1,463,608 in Q2 2021 but up from $1,272,486 in Q1 2022. Average member count increased to 6,181 from 5,482 year-over-year. Adjusted EBITDA stood at $(1,036,737) versus $(112,141) in the prior year. The company holds $7.1 million in cash and marketable securities. Blackbox launched its mobile app in April and continues to develop new products, including the upcoming Stock Nanny, targeting self-directed investors.