As of September 30, 2024, Blackboxstocks Inc. reported total current assets of $1,219,432, an increase from $1,007,489 as of December 31, 2023. However, cash reserves significantly decreased from $472,697 to $60,921 during the same period. Total assets rose slightly from $9,828,140 to $9,955,223, while current liabilities surged from $2,232,413 to $3,433,754. Accounts payable also increased from $842,404 to $1,378,668, contributing to a decline in stockholders' equity from $7,296,760 to $6,275,342. Additional paid-in capital, however, grew from $26,802,808 to $28,275,922.

In terms of financial performance, Blackboxstocks experienced a decline in revenue. For the three months ended September 30, 2024, total revenues were $647,842, down from $728,468 in the same period of 2023. For the nine months ended September 30, 2024, revenues totaled $1,981,974, a decrease from $2,324,870 year-over-year. The average number of subscribers also fell, with 2,972 for the three months compared to 3,174 in the prior year. Despite the revenue drop, total operating expenses decreased significantly, from $1,269,769 to $1,088,582 for the three months, and from $5,369,668 to $3,427,562 for the nine months.

The operating loss for the three months improved to $(734,166) from $(869,229) in 2023, while the nine-month operating loss decreased to $(2,452,989) from $(4,247,332). The net loss for the three months was $(780,833), compared to $(671,745) in the previous year, but the nine-month net loss improved to $(2,522,487) from $(3,996,607).

Strategically, Blackboxstocks formed Blackbox.io Inc. on April 1, 2024, transferring certain business assets in exchange for shares. The company is also pursuing a share exchange agreement with Evtec Aluminium Limited, which is expected to be accounted for as a reverse acquisition. Management is implementing new product development, revised marketing strategies, and expense reductions to enhance cash flow.

As of September 30, 2024, the company had a cash position of $60,921, down from $463,288 a year earlier, raising concerns about its ability to continue as a going concern. The company is classified as a "smaller reporting company" and has no material off-balance sheet arrangements.