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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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Israeli ‘Cannabis Sticks’ Maker Reports Financial Results For 2023 Following Reverse Takeover

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Israeli technology and cannabinoid company StickIt Technologies announced on Monday its financial results for the year ended Dec. 31, 2023. Revenue for the fiscal 2023 amounted to CA$203 000 ($149,300), compared to CA$564 000, in the prior year. The company called 2023 a "notable year" following the "completion of a reverse takeover on Oct. 23, 2023, positioning StickIt for accelerated growth and market expansion." Simultaneously the company completed a financing of CA$441,000, consisting of 1,024,628 subscription receipts for CA$0.4304 each, which were converted on a 1:1 basis into the company's common shares.StickIt, the developer exclusivity and patent protected of "Cannabis Sticks," debuted on the Canadian Securities Exchange (CSE), in the same month.

CSE:STKT