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Why Greenbox Shares Traded Higher Today

Greenbox POS (NASDAQ: GBOX) appointed J. Drew Byelick as the CFO effectively immediately.  In conjunction with the appointment, Ben Chung, the CFO,…
byAnusuya Lahiri
August 16, 2022
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  • Greenbox POS (NASDAQ: GBOX) appointed J. Drew Byelick as the CFO effectively immediately. 
  • In conjunction with the appointment, Ben Chung, the CFO, resigned effective August 16.
  • Most recently, Byelick was CFO at Aero Components. 
  • Greenbox clocked 9.2% revenue growth to $7 million in Q2, beating the consensus of $5.7 million.
  • The gross margin contracted 3,880 bps to 40.5% due to higher processing fees paid to gateways and commissions to ISOs.
  • Q2 EPS was $0.24.
  • Price Action: GBOX shares traded higher by 80.30% at $2.29 on the last check Tuesday.
 
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