Blacboxstocks reports Q4 net loss ($1.15M) vs. (1.88M) last year

Reports Q4 revenue $1.07M vs. $1.69M last year. Gust Kepler, Chief Executive Officer, commented, "2022 proved to be a challenging year for equity markets, fintech companies and NASDAQ micro-cap companies, all three of which apply to Blackbox. A recent Wall Street Journal article cited a significant decline in revenue for subscription model businesses as consumer’s budgets tightened due to inflation. The poor macro-economic environment not only adversely impacted our revenue and overall business, but our stockholders were also impacted by declines in the microcap market. Despite the challenges we faced in 2022, we remain optimistic about our prospects for 2023." "We plan to implement a new strategy in 2023 which includes marketing our existing technology on an enterprise level to brokerages and other fintech platforms. We believe that this new B2B strategy will allow us to leverage our existing relationships with our brokerage partners as well as with new prospects, providing us a new opportunity for growth outside of our current B2C market. We are particularly excited about our new product Stock Nanny, which is a mobile application for the self-directed investor, a market demographic that is exponentially larger than the day-trader segment we currently serve. We have invested a significant amount of working capital in the development of this product as well as improvements to our core product."