8-K
Realloys Inc. (ALOY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5, 2021
BLACKBOXSTOCKS INC.
(Exact name of registrant as specified in its charter)
| Nevada | 0-55108 | 45-3598066 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File No.) | (IRS Employer<br><br> <br>Identification No.) |
5430 LBJ Freeway, Suite 1485, Dallas, Texas 75240
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (972) 726-9203
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company ☒ |
|---|
If an emerging growth company, indicate by check mark if the registrant has elected not to use extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such statements are not guarantees of future performance and are subject to risks and uncertainties described herein and actual results may differ materially from those included within the forward-looking statements. **** Additional factors are described in the Company’s other public reports and filings with the Securities and Exchange Commission (the “SEC”), including specifically, our Annual Report on Form 10-K for the year ended December 31, 2020. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this Report. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this Report, those results or developments may not be indicative of results or developments in subsequent periods.
Item 2.02 Results of Operations and Financial Condition.
On April 5, 2021, Blackboxstocks, Inc. (“we” or the “Company”) issued a press release announcing its financial results for the year ended December 31, 2020. A copy of the press release issued concerning the foregoing results is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information contained herein, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | |
|---|---|
| Number | Description |
| 99.1 | Press Release dated April 5, 2021 |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 6, 2021
| BLACKBOXSTOCKS INC. | |
|---|---|
| By: | /s/Gust Kepler |
| --- | --- |
| Gust Kepler, President and Chief Executive Officer |
3
ex_239289.htm
Exhibit 99.1
Blackboxstocks Announces 2020 Revenue Increase of 217% and Year End Results
Achieved Positive Cash Flow from Operations of $143,580, a Positive Swing of $854,572
DALLAS, TX - April 5, 2021-- Blackboxstocks Inc. (OTC PINK: BLBX) (“Blackbox”), 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 its fiscal year ended December 31, 2020.
2020 Financial and Operating Highlights:
| ■ | Total revenue for the year ended December 31, 2020 was $3,367,563, compared to $1,062,573 for the 2019 year, an increase of $2,304,990 or 217%. |
|---|---|
| ■ | Loss from operations for 2020 was $412,698, or 12% of revenue, compared to a loss from operations of $1,005,033, or 95% of revenue, for 2019. |
| --- | --- |
| ■ | Completed a $1.0 million debt financing with Feenix Venture Partners in November 2020 |
| --- | --- |
| ■ | Generated positive cash flow from operations of $143,580 in 2020 compared to negative cash flow from operations of $710,992 in 2019, a positive swing of $854,572. |
| --- | --- |
| ■ | Cash position of $972,825 on December 31, 2020 |
| --- | --- |
Gust Kepler, CEO of Blackbox, commented, “2020 was a pivotal year for Blackboxstocks as we obtained the capital necessary to conduct a sustained marketing initiative that drove an increase in our user base of 309% over 2019. The resulting revenue increase combined with our lean operating structure enabled us to refinance potentially toxic convertible debt on favorable terms and exponentially lower the cost of our debt financing. With a stronger base to support operations, we are looking forward to another banner year in 2021.”
The table below presents summary financial data, see the Company’s Form 10-K filed with the Securities and Exchange Commission on March 31, 2021 for additional information:
| Blackboxstocks Inc. | ||||||
|---|---|---|---|---|---|---|
| Summary Statements of Operations | ||||||
| For the years ended December 31, 2020 and 2019 | ||||||
| December 31, | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| 2020 | 2019 | |||||
| Revenues | $ | 3,367,563 | $ | 1,062,573 | ||
| Cost of revenues | 1,201,320 | 695,076 | ||||
| Operating expenses | 2,578,941 | 1,372,530 | ||||
| Loss from operations | $ | (412,698 | ) | $ | (1,005,033 | ) |
| Interest and financing expense | 1,097,931 | 1,894,639 | ||||
| Loss (gain) on derivative liability | (1,155,718 | ) | 83,766 | |||
| Net loss | $ | (354,911 | ) | $ | (2,983,438 | ) |
About Blackboxstocks, Inc.
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 artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 8,000 stocks and up to 900,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/video feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans 42 countries; current subscription fees are $99.97 per month or $959.00 annually. For more information, go to: www.blackboxstocks.com
Safe Harbor Statement
Our prospects here at Blackbox stocks are subject to uncertainties and risks. This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business, and reflect our beliefs and assumptions based upon information available to us at the date of this press release. In some cases, you can identify these statements by words such as “if,” “may,” “might,” “will, “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” and other similar terms. These forward-looking statements include, among other things, plans for proposed operations, descriptions of our strategies, our product and market development plans, and other objectives, expectations and intentions, the trends we anticipate in our business and the markets in which we operate, and the competitive nature and anticipated growth of those markets. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors including, but not limited to, the risks and uncertainties discussed in our other filings with the Securities Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contacts:
PCG Advisory
Stephanie Prince, Managing Director
(646) 863-6341
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