On 31 March 2022, Blackboxstocks Inc (BLBX) released the results for Q4 and FY21 after which the stock soared in the after-market. BLBX stock remained bullish and closed the regular trading session at $2.68. The stock gained 12.13% in value from the previously traded session. Moreover, on the last check, the stock of BLBX remained in the green. BLBX stock gained 19.4% to $3.2 per share during the after-hours. The stock price kept moving between the range of $2.35 and $2.75 during the last trading session. The firm also filed form 10-K with the SEC on 31 March 2022.
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Blackboxstocks, Inc. is a financial advancement and online social media stage that offers persistent restrictive assessment and news for stock and options traders. Currently, the firm has a market cap of $28.22 million and has its headquarters in Dallas, Texas, USA.
On 31 March 2022, BLBX published the results for Q4 and FY2021, which concluded on 31 December 2021. The firm reported the total revenue to be $1.6 million in Q4 of FY2021 versus $1.04 million in Q4 of FY2020. This shows an increase of 61.7% in YoY revenue. Moreover, the revenue in FY2021 increased by 84.8% to $6.1 million against $3.3 million in FY2020.
BLBX had a total profit of $1.1 million in Q4 of FY2021 versus $0.5 million in Q4 of FY2020. Moreover, the profit in FY2021 was $4.2 million against $2.1 million in FY2020. Also, the gross margin in Q4 of FY2021 was 65.8% while the gross margin in FY2021 was 69.7%.
Further, BLBX posted a total loss of $1.8 million in Q4 of FY2021 against $0.5 million in a similar period of the previous year. This marks an expansion of 262.1%. Also, the total loss in FY2021 grew massively to $2.6 million versus $0.35 million in FY2020.
The CEO of BLBX, Gust Kepler, commented that 2021 was a critical year for Blackbox. They have focused on proceeding with this direction in 2022. He further added that they are centered around developing their center business and proceeding to acquaint new and creative items with the market.
After the release of results for Q4 and FY2021, BLBX stock soared in the after-market. The results indicated a strong financial position of the company on the balance sheet with a significant increase in the cash and cash equivalents of the company. Moreover, the gross margin of BLBX also showed a significant increase. This strong financial position acted as a catalyst for the soaring stock price, and also showed positive investors sentiments.
Moreover, BLBX declared that Noble Capital Markets has started organization-supported value research inclusion on the organization, on 7 March 2022.