TECH - Blackboxstocks Inc. (BLBX) - A Year to Build Off Of

4Q Results. Blackboxstocks' management announced their fourth quarter and full year results yesterday, with fourth quarter revenue coming in at $1.69 million, a record for total revenue for the company, and a 62% increase over fourth quarter 2020. We had forecasted $1.53 million. Net loss for the quarter totaled $1.88 million, compared to the fourth quarter 2020's loss of $518,857, while gross margin was 65.8% compared to 52.0% last year. We estimated net loss to be $610,800 and gross margin of 68.0%.Fiscal Year Results. For the fiscal year, the Company totaled revenue of $6.11 million, a 81.5% increase over fiscal year 2020's $3.37 million. Gross margin increased year-over-year by 540 basis points to 69.7% from 64.3% in the 2020 fiscal year. The increases in both revenue and gross margin was noted by management as leveraging its strong membership growth, although they did not disclose specifics. Operating expenses increased by 153.5% to $6.54 million from $2.58 million due to increases in expenses in all categories, resulting in a net loss of $2.62 million vs. $354,911 last year. We believe that these increased expenses are a product of the strategy Blackboxstocks is implementing for their Blackbox system to drive long-term growth.New Year for Opportunities. Blackboxstocks finished the year with cash and marketable securities of $10.4 million, as compared to last year's $972,825. Recall, the Company had an initial public offering in November of 2021 that saw proceeds of up to $12 million. We continue to believe that this cash will be used for increased advertising and growing new initiatives, including applications for their Blackbox system.Conference Call. Blackboxstocks will hold a conference call this morning at 10 am EST. The number to participate is 1-877-317-6789. We will update our model and provide additional commentary after the call. Read More >>