Blacboxstocks increases FY24 revenue guidance $21M to $52M

Blackboxstock released financial results for the first half of FY2024 ended December 31, 2023, for its acquisition target company, Evtec Aluminum. Revenue for the twelve months of FY 2023 reached $30.9 million compared to $14.4 million for FY2022 ended June 30, 2022, an increase of 115%. Revenue for the first half of fiscal 2024 was $21.3 million, an increase of 53% compared to $13.9 million for the first half of fiscal 2023, ended December 31, 2022. Total projected revenue for FY 2024 ending June 30, 2024, is expected to increase approximately $21 million to $52 million. Blackboxstocks, Inc. CEO Gust Kepler said, “Throughout the course of this merger process, we have seen Evtec grow their customer base and solidify their position as a key supplier of critical parts for leading automotive companies. We are confident this merger will provide significant value for our shareholders. We are also working diligently to grow our core business in the fintech sector with new products and strategic partnerships.”