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GreenBox POS (NASDAQ: GBOX) Releases Fourth Quarter and Full Year 2021 Results

  • On March 31, GreenBox POS released the financial results for the three months (“Q4 FY 2021”) and full year (“FY2021”) ended December 31, 2021
  • Company achieved record revenue in 2021 of $26.3 million, an increase of $17.8 million or 208.6% from $8.5 million in 2020   
  • The Q4 FY2021 results build on Q3 2021 figures in which the company reported year-over-year growth in both transaction volume and revenues
  • The financial figures were accompanied by a corporate update and expected prospects for 2022. 

On Thursday, March 31, at 4.30 PM Eastern, investors, stakeholders, and the general public heard about the progress that GreenBox POS (NASDAQ: GBOX), an emerging FinTech company leveraging blockchain technology to offer cutting-edge, customized payment solutions, made in the three months ended December 31, 2021 (“Q4 FY2021”) as well as throughout fiscal year 2021 (“FY2021”). GreenBox achieved record revenue in 2021 of $26.3 million, an increase of $17.8 million or 208.6% from $8.5 million in 2020. Processing volume for 2021 increased nearly tenfold to approximately $2.0 billion, from $202 million in 2020 (https://ccw.fm/r8rzx).

At the same time, GreenBox management hosted a conference call to discuss the financial results, offered a corporate update, and fielded questions from participants. A recording of the conference call was made available for 90 days on its website’s IR section. 

“Despite all GreenBox has accomplished in the last 18 months, we are still just in the early innings of our technology. We remain confident in our long-term strategy and are well positioned to capitalize on the opportunities at hand,” GreenBox CEO Fredi Nisan commented in a November 11, 2021 news release announcing the Q3 FY2021 results (https://ccw.fm/UdvIE).

“2020 unquestionably proved our ability to develop and deploy cutting-edge technology. In 2021, we focused on executing on our strategy to build sustainable scale for our products, while adding new leadership team members that will drive our growth plan and establish GreenBox as a world-class brand,” said Fredi as part of the announcement of the preliminary results.

“There’s a lot of pride around these 2021 results, no doubt. But, make no mistake, we remain laser-focused on molding the future of this company and our determination of becoming the global leader in the digital financial solutions marketplace,” Fredi concluded.

In keeping up with the growth trajectory, GreenBox expects to process at least $4.9 billion in transactions in 2022. The company has also slated several strategic acquisitions for 2022, according to transcripts from the company’s December corporate call (https://ccw.fm/ixKr3).

For more information, visit the company’s website at www.GreenBoxPOS.com

NOTE TO INVESTORS: The latest news and updates relating to GBOX are available in the company’s newsroom at https://ccw.fm/GBOX

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