BLBX - Blackboxstocks (BLBX) - Reports Second Quarter Results

2Q22 Results. Revenue was $1.4 million, down from $1.46 million a year ago, but up from $1.272 million in the first quarter. Our estimate was $1.5 million. The Company reported a loss of $1.3 million, or $0.10 per share, in the quarter, compared to a net loss of $243,336, or $0.03 per share, last year. Our estimate called for a loss of $996,000, or $0.08 per share.Economic Headwinds. Challenging financial markets and an overall difficult economic environment weighed on results. Expenses increased as the Company continues to invest in both product development and marketing initiatives. Average member count for the quarter was 6,181, up from 5,709 at the end of the March quarter. We anticipate additional marketing spend in 2H22. Read More >>