Wednesday, May 17, 2023
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 42 countries; current subscription fees are $99.97 per month or $959.00 annually. For more information, go to: www.blackboxstocks.com .
Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Results. Blackboxstocks generated revenue of $859,004 compared to $1.3 million in the prior year. Operating loss was at $1.9 million compared to a loss of $1.0 million last year. Net loss for the Company was at $1.9 million compared to a loss of $1.2 million in the previous year. The Company believes that the revenue decline has been stabilized, due to the release of the Blackbox 2.0 platform in March.
A Continued Trend. The volatility of the stock market along with inflation, higher interest rates, and ever-looming recession fears have continued to impact the Company’s performance. It is shown with the average member count, as it decreased to 3,555 in the first quarter from 5,709 in the prior year quarter and 4,607 in the previous quarter.
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.