Wednesday, November 16, 2022
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, Senior Research Analyst, 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.
3Q Results. Revenue for the quarter was $1.22 million, a decrease from last year’s $1.47 million and in-line with our estimate of $1.21 million. The average users were down as well in the quarter, 5,197 compared to 5,535 a year ago and 6,181 in the second quarter. The Company reported a net loss of $1.31 million, or ($0.10) per share, versus a net loss of $505,976 or ($0.05) last year. We estimated a net loss of $1.29 million or ($0.10).
Tough Environment, but a Silver Lining. Continued poor performance in the stock market, along with high inflation and sluggish GDP, has caused the Company to see decreases in overall performance year-over-year. However, the Company will have a Black Friday/Cyber Monday promotion that we believe will attract new users and bring back past users.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*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.