Blackboxstocks (BLBX) Provides Third Quarter 2022 Revenue Guidance

Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced today that it expects revenue for the third quarter, ended September 30, 2022, will be between $1.15 - $1.25 million, lower than the comparable period of last year

Blackboxstocks Chief Executive Officer Gust Kepler stated, “Our stock has experienced a significant decline as have many other small micro-cap companies that have been negatively impacted by adverse macro-economic conditions. Stock market declines have not only impacted our stock price, but also our new customer acquisition as retail traders have become increasingly hesitant to enter the markets. Despite these current headwinds, we continue to be confident in our company’s core product and its utility for our customers, as well as our upcoming new products, Stock Nanny and Blackbox Pro, both of which address a broader market demographic. These new products are slated to be released in the first and second quarter of 2023, respectively.”

“Blackbox has a strong balance sheet and significant room left under our stock buyback program, which we are pursuing aggressively in the current market. Unfortunately, SEC rules governing stock buybacks limit the number of shares we can purchase based on our trading volume, with the exception of block trades. These block trades must be facilitated through our designated broker Alexander Capital,” concluded Mr. Kepler.

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