TECH - Blackboxstocks Inc. (BLBX) - Post Call Commentary and Updated Models

Subscribers Growing. Although management did not provide a current subscriber count, as management wants to see the stickiness of a recent marketing campaign before providing numbers, management did state the trajectory of subscriber growth is on track and they are pleased with subscriber growth. We expect management to update the subscriber level in the near future.Marketing Initiatives. The Company continues to ramp up the marketing spend to attract new subscribers to the platform. The Company plans to run some TV ads this year, focused on CNBC, Fox Business, and, possibly, Bloomberg. We believe these ads will focus on targeting self directed investors.Product Extensions. Management spoke about a number of add-ons to the platform, two of which are key: the fully functional native apps for IOS and Android platforms, which should be released shortly, and a portfolio management solution which could be marketed as a separate service. Focused on the self directed investor, the portfolio management solutions have tremendous potential, in our view.Projections. We believe Blackboxstocks is at an inflection point with significant organic growth opportunities. Management's goal is to double revenue in 2022. We are being a little more conservative and our estimating 1Q22 revenue at $1.9 million, up from our previous $1.66 million, and an loss of $0.05 per share. For the full year we are projecting revenue of $11.7 million, up from our prior $7.8 million estimate, and a loss of $0.07 per share.Maintaining Outperform Rating. We are maintaining our Outperform rating and $4.50 12-month price target on BLBX shares. With its combination of a market scanner, a social media platform, and educational tools for investors, we believe Blackboxstocks presents investors with a unique combination in the SaaS fintech space, with significant organic growth opportunities. Read More >>