Financial Performance - For the six months ended June 30, 2024, the company reported revenue of $1,332,722, a decline of 16% compared to $1,589,638 for the same period in 2023[74] - The company incurred an operating loss of $1,718,823 for the six months ended June 30, 2024, compared to a loss of $3,378,103 for the same period in 2023, indicating improved operational efficiency[77] - Gross margins for the six months ended June 30, 2024, were 46%, up from 45% in the prior year, with cost of revenues decreasing to $713,975 from $874,606[75] - Operating expenses for the six months ended June 30, 2024, were reduced by 43% to $2,338,980 from $4,099,899 in the same period of 2023[76] - Average monthly revenue per subscriber increased to $74.30 for the six months ended June 30, 2024, from $70.53 in the prior year, driven by higher pricing strategies[74] Subscriber Metrics - Average subscribers for the three months ended June 30, 2024, decreased to 2,983 from 3,987 in the prior year, reflecting a reduction in user base[70] Cash Flow and Financing - The company had cash and marketable securities totaling $1,055,482 as of June 30, 2024, an increase from $475,652 at December 31, 2023[66] - Net cash provided by financing activities was $1,266,680 for the six months ended June 30, 2024, compared to net cash used of $29,622 in the prior year[67] Strategic Initiatives - The company is pursuing a planned acquisition of Evtec Aluminium, which is expected to enhance capital investment opportunities[63] - The company has implemented initiatives to improve cash flow, including new product development and revised marketing strategies[63] Regulatory and Reporting - As of June 30, 2024, the company reported no material off-balance sheet arrangements[82] - The company is classified as a "smaller reporting company" and is not required to provide certain market risk disclosures[82]

Blackbox to Invest $1.15 Million into Evtec Aluminium The private placement was led by a $1.15 million investment by Quadrofoglio LLC. Blackbox CEO Gust Kepler is also participating in the private placement with an investment of $100,000. About Evtec Aluminium: 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 artifici ...

Blackbox will invest $1.15 million into Evtec Aluminium and retain $100,000 for working capital for Blackbox.io, Inc., the Company's wholly-owned operating subsidiary. Blackbox is working with Evtec Aluminium to provide custom analytics and enterprise software solutions for their manufacturing operations. Evtec Aluminium will use the proceeds to fund its growth initiatives including capital expenditures to increase production capacity. Blackbox and Evtec amended the Share Exchange Agreement dated December 1 ...

Blackboxstocks Files Form S-4 for Evtec Acquisition Reports First Quarter Financial Results for Fintech Operations Dallas, TX, May 16, 2024 – 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 that it filed its Form S-4 on May 13, 2024, for its acquisition of Evtec Aluminium Ltd. and today reported its financial results for the first quarter e ...

Blackboxstocks Files Form S-4 for Evtec Acquisition Reports First Quarter Financial Results for Fintech Operations Dallas, TX, May 16, 2024 – 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 that it filed its Form S-4 on May 13, 2024, for its acquisition of Evtec Aluminium Ltd. and today reported its financial results for the first quarter e ...

There have been no changes from the Summary of Significant Accounting Policies described in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission on April 1. 2024. At March 31, 2024, we had cash and marketable securities totaling $114,968 as compared to cash and marketable securities totaling $475,652 at December 31, 2023. Our cash flows used in operations were $353,803 for the three months ended March 31, 2024 as compared to $1,250,895 for the ...

DALLAS, April 01, 2024 (GLOBE NEWSWIRE) -- 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, today announced the Company's financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter and Annual Financial and Operating Highlights: Total revenue for the fourth quarter of 2023 was $781,156 as compared to $1,068,158 for the sa ...

Use of Estimates Derivative Financial Instruments Software Development Costs Management evaluates the probability of the realization of its deferred income tax assets. Management determined that because the Company has not yet generated taxable income, it is unlikely that a tax benefit will be realized from these operating loss carry forwards. Accordingly, the deferred income tax asset is offset by a full valuation allowance. During the period ended December 31, 2022, the Company calculated the fair value o ...

-New contract adds to an existing order book of $780 million -Parts supplied by Evtec will be used in new Jaguar Electric Vehicles to be introduced in 2025- LONDON, Feb. 1, 2024 /PRNewswire/ -- 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, announced today that its planned acquisition target Evtec Aluminium Limited, ("Evtec") has executed a supply contract with ...

When it comes to speculative investments, nano-cap stocks reside on the extreme end of the spectrum. With market capitalizations below $10 million, these tiny companies come with oversized risk. Sinking money into them is akin to gambling — you might strike it big, but chances are you’ll end up empty-handed.That said, while nano-cap stocks lack the stability of blue chips, they brim with potential. For thrill-seeking investors with cash to spare, the prospect of 1,000% returns could outweigh the risks. But ...