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Market Data: Yahoo Finance, Bloomberg, SEC

Report Link: Updated Research Report (Dated April 7, 2022)

Symbol: GBOX
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $10.50
Time Horizon: 12 Months
Rating Established: December 16, 2021
Price When Established: $4.96
Most Recent Report: April 7, 2022
Price When Issued: $4.26

What’s New

GreenBox POS Reports 1Q22 Results

On May 16, 2022, GreenBox reported 1Q22 results for the three-months ended March 31, 2022.

In 1Q22, GBOX reported a net loss of $21.3 million or ($0.51) per share, on a 3.1% revenue increase to $4.9 million from $4.7 million in 1Q21. In 1Q21, the company reported a net loss of $13.3 million or ($0.38) per share. We estimate, excluding non-cash items in each period the loss per share was ($0.17) and ($0.09), respectively in 1Q22 and 1Q21.

Taglich Brothers estimated 1Q22 revenue of $10.1 million and net loss of $6.4 million or ($0.15) per share. Excluding non-cash items our loss per share estimate was ($0.09).

Company Description

GreenBox POS, headquartered in San Diego, California, is a financial technology (fintech) company that aims to leverage its proprietary secure blockchain (a distributed digital encrypted ledger) based payment processing ecosystem to create customized payment solutions for its global customer base. The company’s technology solutions have been designed to enable its customers to have an end-to-end (closed loop) complete ecosystem that includes technologies that reduce fraud and improve the efficiency of handling large-scale commercial processing volumes for its customer base of global merchant clients.

Please view our current disclosure and disclaimer on our most recent research report.