Recently Completed $12 Million Capital Raise and Uplisting to Nasdaq

Blackboxstocks Inc. (NASDAQ: 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 the third quarter and nine months ended September 30, 2021.

Third Quarter 2021 Financial and Operating Highlights:

• Total revenue for the third quarter was $1,471,814, an increase of 34% over the third quarter of 2020.
• Total revenue for the nine months ended September 30, 2021 was $4,425,088 compared to $2,324,428 for the same period in 2020, an increase of 90%
• Income (loss) from operations for the three and nine months ended September 30, 2021 was $(498,929) and $(471,319) as compared to $85,483 and $(98,513) for the same periods in 2020.
• Adjusted EBITDA was $(60,635) and $(23,320) for the three and nine months ended September 30, 2021 as compared to $88,627 and $(88,541) for the same periods in 2020.
• Subsequent to quarter end, the Company completed a $12 million capital raise and uplisted to the Nasdaq Capital Market® ("Nasdaq"), effective November 10, 2021.

Gust Kepler, CEO of Blackboxstocks, commented, “While I am extremely pleased with our sustained revenue growth, it is important to point out that we have done so without native iOS or Android apps for mobile devices. We anticipate releasing these apps before yearend. The new apps will allow us to market and cater to a much larger user base. It is also important to emphasize that our rapid revenue growth in 2020 and 2021 was achieved without substantial funding. With the proceeds from our recently completed $12 million capital raise strengthening our balance sheet, we believe that Blackbox now has all of the ingredients to scale faster and more efficiently than ever before.”

Detailed financial information can be found in Blackboxstocks’ Quarterly Report on Form 10-Q for the period ended September 30, 2021 filed with the Securities Exchange Commission on November 15, 2021.

Disclosure of Non-GAAP Financial Measures

We report our financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, management believes the presentation of certain non-GAAP financial measures provides useful information to management and investors regarding financial and business trends relating to the Company’s financial condition and results of operations, and that when GAAP financial measures are viewed in conjunction with the non-GAAP financial measures, investors are provided with a more meaningful understanding of the Company’s ongoing operating performance. In addition, these non-GAAP financial measures are among the primary indicators management uses as a basis for evaluating performance. For all non-GAAP financial measures in this release, we have provided corresponding GAAP financial measures for comparative purposes in the report.

We refer to the term “EBITDA” in various places of our financial discussion. EBITDA is defined by us as net income (loss) from continuing operations before interest expense, income tax, depreciation and amortization expense and certain non-cash expenses including stock based compensation. EBITDA is not a measure of operating performance under GAAP and therefore should not be considered in isolation nor construed as an alternative to operating profit, net income (loss) or cash flows from operating, investing or financing activities, each as determined in accordance with GAAP. Also, EBITDA should not be considered as a measure of liquidity. Moreover, since EBITDA is not a measurement determined in accordance with GAAP, and thus is susceptible to varying interpretations and calculations, EBITDA, as presented, may not be comparable to similarly titled measures presented by other companies.

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 10,000 stocks and up to 1,500,000 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/screenshare 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 Blackboxstocks 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 under risk factors in our registration statement on Form S-1, as amended (File No. 333- 260065) as well as our other filings with the SEC. We undertake no obligation to revise or update any forward-looking statement for any reason.

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