Blackboxstocks Shares Rise After Record High Revenue for the Fourth Quarter and Full Year of 2021
Apr 1, 2022 By MarketDepth
Blackboxstocks Inc. (NASDAQ: BLBX) shares jumped more than 15% Friday after the financial technology and social media hybrid platform Company announced its financial results for the fourth quarter and twelve months ended December 31, 2021.
Fourth Quarter Revenue Way Up
In the Company’s financials, Blackboxstocks highlighted the total revenue for the fourth quarter ended, which was $1,687,237, an increase of 62% over the fourth quarter of 2020 and the highest quarterly revenue to date in the Company’s history.
Revenue Up Over 80%
Total revenue for year ended December 31, 2021 was $6,112,324, an increase of 82% compared to $3,367,563 for 2020.
“Blackbox leveraged strong membership growth in both the fourth quarter and full year to generate record revenue and stronger gross margin growth in both periods. This breakout year is a testament to the entire Blackbox community, and we want to thank our members, moderators, developers and corporate team for their hard work and support.”Robert Winspear, Chief Financial Officer
Gust Kepler, Chief Executive Officer, added, “2021 was a pivotal year for Blackbox. We nearly doubled our revenue from 2020, and we have set our sights on continuing this trajectory in 2022. Armed with the proceeds from our initial public offering last November, we are focused on growing our core business and continuing to introduce new and innovative products to the market.”
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.