Blackboxstocks Inc. (OTC PINK: BLBX) (“Blackbox”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, today announced the Company’s financial results for the second quarter of 2020, ended June 30, 2020.
Second Quarter 2020 Highlights:
- Total revenue for the second quarter of 2020 was $808,848, an increase of 219% over the same period in 2019.
- Total revenue for the six months ended June 30, 2020 was $1,224,099, an increase of 155% for the same period in 2019.
- Net Income for second quarter of 2020 was $193,828 compared to a net loss of $439,779 for the same period in 2019.
- The Subscriber Base grew 207% from January 1, 2020 to June 30, 2020.
Commenting on the second quarter results, Blackboxstocks CEO Gust Kepler said, “The substantial revenue growth that we generated in the second quarter was directly attributable to an increase in our subscriber base, which resulted from the targeted digital marketing campaign that we implemented in early February of this year. Our growth trajectory, which started prior to the COVID-19 health crisis, continued to trend steadily upward throughout the shutdown. This growth trend remained on track as the country entered the reopening phases and we expect additional growth as we continue to invest a designated percentage of our recurring free cashflow into digital advertising on a daily basis.”
Detailed financial information can be found in Blackboxstocks’ Quarterly Report on Form 10-Q for the period ended June 30, 2020 filed with the Securities Exchange Commission on August 14, 2020.
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs “predictive technology” enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 8,000 stocks and up to 900,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/video feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans 42 countries; current subscription fees are $99.97 per month or $959.00 annually. For more information, go to: www.blackboxstocks.com
Safe Harbor Statement
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