Blackboxstocks Inc.

Good day and welcome to the Black Box Stocks second quarter 2022 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note that this event is being recorded. I would now like to turn the conference over to Stephanie Prince with PCG Advisory. Please go ahead.

Thank you, Cole, and welcome to everyone joining us today. On the call with me are Black Box Stocks CEO Gus Kepler and Bob Winspear, CFO. The company would like to remind everyone that various remarks about future expectations, claims, and prospects made on today's call constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Black box stocks cautions that these forward-looking statements are subject to risks and uncertainties that may cause their actual results to differ materially from those indicated, including risks described in the company's filings with the SEC. Any forward-looking statements made on this conference call speak only as of today's date, Monday, August 15, 2022, Black Box Stocks does not intend to update any of these forward-looking statements to reflect events or circumstances that occur after today. A replay of today's conference call will be available through the investor relations section of the company's website at blackboxstocks.com. With that, I'd like to turn the call over to Gus Kepler, CEO. Gus?

Thank you, Stephanie. I want to welcome everyone to the call and thank everyone for joining us today. As everyone is aware, Q1 and Q2 of this year saw continued declining GDP and inflation as high as 9%. The stock market continued to decline throughout the year and only started to rebound at the end of June. These factors created headwinds for companies in our sector as consumers, investors, and, of course, traders are concerned about their finances. I'm happy to say we were able to adapt and make the most of a turbulent and uncertain market. We ran a spring breakout sale at the end of March that was designed to give new customers an opportunity to try our platform for only $5 for their first month. This promotion was effective and was reflected in our subscriber count. Our average subscriber count for Q2 was 6,181 subscribers as compared to the 5,482 subscribers in Q2 of 2021. I'll also add that we learned a lot from this promotion, which was the first of its kind for Black Box. We are planning to run similar promotions in the future. The consumer landscape has changed for trading services like ours, and we are employing new marketing initiatives to address the current market. And that is one of the reasons that we did this promotion in March and will continue to do similar promotions in the future, because things have changed significantly. Speaking to that, one of our biggest challenges in the marketing endeavors that we are doing is the plethora of new services for traders that have come along as of late. I went over this on our last call, but I'll reiterate. The bull market of 2021 spawned a multitude of new trading platforms, trading tools, scanners, Discord rooms, education providers, and, of course, the purported market gurus. Although there are a few new products and services out there that I believe provide are not quality services. Nonetheless, they create confusion and clutter the social media channels that we use to promote our products. So we have to spend a significant amount more in marketing to get up above the noise. We have carefully tailored our recent marketing campaigns to educate new prospective members that we are a best-in-class software and education provider and that we have a six-year history. We also always emphasize that we have extremely positive reviews on social media, including a five-star Google rating. We're confident that with our new quality tools that we're upgrading constantly, our community and education services, coupled with the fact that we are well capitalized, we will be able to continue to grow our user base for our core product. We continue to upgrade our core product to offer our members the best possible user experience. In April, we released a mobile app for Apple and Android devices, and it has been well received by our user base, especially those They had to return to the workplace after the pandemic. We were also adding new charting features and new alert types to provide our members the maximum edge in the stock market and options market. In addition to the marketing and development initiatives I just discussed for our core product, we're also developing several new products that target new market segments that will significantly increase our total addressable market. One of these products is called Stock Nanny. It is a LERC system for portfolio investors, self-directed investors. It does not encompass the day trader market like our current core product. And the addressable market for this product is exponentially larger. We are also working to deploy our first version of Black Box Pro, which caters to the pro market. We currently do not have a pricing tier for pro traders. And we are adding this as well as the onboarding system for pro traders so that we can bring on institutions and professional traders to our platform. We are working on our crypto initiative, although we have put it third in line behind the aforementioned products because the crypto market is still less than stable at this time. So we're not at all abandoning the crypto initiative, but we're prioritizing things the way we see they should be done. In addition to investing in these new products, we've continued to purchase our shares through our stock buyback program. To date, we have purchased 499,028 shares at an average price of $1.89 for a total sum of $945,000. Our total authorized share purchase under this program is up to $2.5 million. To summarize, we're still very bullish on BlackBox and feel we're very well positioned to grow our user base for our core product and create significant new revenue streams with the new products we plan to launch. I want to thank all of our shareholders for their continued support, and I'll now turn things over to our CFO, Bob Winspear, so he can provide some details on our financials.