Blackboxstocks gains 20% on strong revenue and margins

Blackboxstocks Inc. (NASDAQ: BLBX) shares reached for the sky, closing nearly 20% higher on April 1, after the company announced exceptional results for the fourth quarter and full year of fiscal 2021. Strong membership growth, driving strong revenues and margins, drove results.

Blackboxstocks, Inc. is a hybrid financial technology and social media platform offering exclusive real-time analysis and news for stock and options traders of all skill levels.

Crucially, analyzing more than 10,000 stocks and up to 1,500,000 options contracts multiple times per second, the company’s web-based software uses artificial intelligence (AI)-enhanced “predictive technology” to detect volatility. and unusual market activity, which may cause the price of a stock or option to change rapidly.

Solid figures in the fourth quarter

Notably, revenue jumped 62% year over year to $1.69 million and marked the highest quarterly revenue ever in company history.

On top of that, gross margin improved by 1380 basis points to 65.8% in the quarter from 52.0% in the prior year quarter.

However, the company has yet to become profitable and reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $(891,516) versus $(266,423) reported for the same quarter of 2020.

Looking at the annual numbers, total revenue grew 82% year-over-year to $6.1 million, while gross margin improved 540 basis points at 69.7% for 2021, compared to 64.3% for 2020.

CEO Comments

Blackboxstocks CEO Gust Kepler said, “2021 has been a pivotal year for Blackbox. We have almost doubled our revenue compared to 2020 and we aim to continue on this trajectory in 2022.”

He further added, “Armed with the proceeds of our IPO last November, we are focused on growing our core business and continuing to bring new and innovative products to market.”

The Taking of Wall Street

The stock has had an analyst rating for the past three months.

Following the impressive fourth quarter results, Noble Financial analyst Joe Gomes reiterated a buy rating on the stock with a price target of $4.50 (upside potential of 40.62%).

Investors weigh

TipRanks’ Stock Investors tool shows that investors currently have a very positive stance on Blackboxstocks, with 2.1% of investors increasing their exposure to BLBX stocks over the past 30 days.

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