Blacboxstocks reports Q1 EPS (27c) vs. (58c) last year

Total revenue for the first quarter of 2024 was $649,420 as compared to $859,004 for the same period in 2023. Average member count of 2,944 was 17.2% lower than the first quarter of 2023 but approximately equal to the fourth quarter of 2023. Gust Kepler, Chief Executive Officer, commented, “The significant reduction in our operating loss for the first quarter reflects the stabilization of our membership over the past several quarters within the core business as well as lower operating expenses. We have completed development for our new portfolio alert product StockNanny, which we are planning to launch in June of this year. We acquired 13% of Evtec Automotive Ltd., the sister company to Evtec Aluminium in Q2 2023, which we may seek to acquire following the acquisition of the Evtec Aluminium Ltd. as part of a larger roll-up strategy. The acquisition of Evtec Aluminium Ltd. has taken longer than expected, however we are pleased to announce that we have an S-4 filed and are working diligently to complete this transaction. Despite 2023 being a challenging year for our company, we have pivoted swiftly to implement multiple strategic and operational initiatives for 2024 and I am confident that our stockholders will be well rewarded for their faith in our company.”