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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 (OTC PINK: BLBX) reported a robust performance for Q1 2021, achieving revenue of $1,489,668, a whopping 259% increase from $415,251 in Q1 2020. The company turned an operating income of $145,132, marking a positive swing of $375,845 compared to the same period last year. Cash on hand increased to $1,114,468, up $141,643 since December 31, 2020. CEO Gust Kepler highlighted the impact of the retail trading surge, further reinforcing the growth trajectory of the Blackbox platform.
Blackboxstocks (OTC PINK: BLBX) reported significant financial growth for the fiscal year ended December 31, 2020. Total revenue reached $3.37 million, up 217% from $1.06 million in 2019. The loss from operations improved to $412,698 (12% of revenue) from $1.01 million (95% of revenue) the previous year. The company achieved positive cash flow of $143,580 compared to negative $710,992 in 2019. Blackbox ended the year with a cash position of $972,825.