GRBX - GreenBox POS expects earnings to accelerate in FY2021

GreenBox POS (GRBX) expects FY2021 revenues of at least $45M and net income of at least $18M.Revenues and net income to accelerate throughout 2021, primarily as a result of additional client onboardings from early Gen 3 technology upgrades. “The growth trajectory of our gross processing volume during the fourth quarter and January provides the basis for our 2021 guidance. As previously announced, fourth quarter 2020 processing volume exceeded $100M. Our guidance for 2021 assumes gross processing volume of at least $600M  and a 3% net margin” said Fredi Nisan, Chief Executive Officer. “As we look ahead, we will continue working towards executing upon our non-binding MOU to acquire ChargeSavvy, which would provide GreenBox the opportunity to enter the retail industry and be immediately accretive.”

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GreenBox POS expects earnings to accelerate in FY2021