TECH - Blackboxstocks (BLBX) - First Quarter 2022 Results

1Q22 Results. Revenue was $1.272 million, down from $1.489 million in the year ago period and below our estimate of $1.9 million. Although Blackboxstocks passed the 6,000 subscriber base in the fourth quarter of 2021, growth in 1Q22 was due to a promotion that reduced estimated revenue. The Company reported a loss of $1.2 million, or $0.09 per share, in the quarter, compared to net income of $12,555, or breakeven, last year. Margin Compression. Blackboxstocks ran a successful one-month promotion in March, ending the quarter with 7,400 members, compared to a first quarter average count of 5,709. However, this came at a cost as gross margin fell to 54.4% in the quarter from 63.7% last year. Revenue per average subscriber in the quarter was $222.89 compared to $266.51 in the year ago quarter. Read More >>