GreenBox POS stock hits 3-month high as record processing volume drives strong results

seekingalpha2022-08-16

GreenBox POS (NASDAQ:GBOX) stock more than doubled in value, touching a 3-month high, on Tuesday after the fintech firm reported strong Q2 results. The company also appointed J. Drew Byelick as CFO, ...

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Drew Byelick as CFO, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3873732-greenbox-pos-stock-hits-3-month-high-as-record-processing-volume-drives-strong-results\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GreenBox POS stock hits 3-month high as record processing volume drives strong results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGreenBox POS stock hits 3-month high as record processing volume drives strong results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 23:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3873732-greenbox-pos-stock-hits-3-month-high-as-record-processing-volume-drives-strong-results><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GreenBox POS (NASDAQ:GBOX) stock more than doubled in value, touching a 3-month high, on Tuesday after the fintech firm reported strong Q2 results. The company also appointed J. Drew Byelick as CFO, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3873732-greenbox-pos-stock-hits-3-month-high-as-record-processing-volume-drives-strong-results\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4106","symbol_name":"数据处理与外包服务","start_time":0,"source_url":"https://seekingalpha.com/news/3873732-greenbox-pos-stock-hits-3-month-high-as-record-processing-volume-drives-strong-results","article_id":"2260700856","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260700856","pubTimestamp":1660665524,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"GreenBox POS (NASDAQ:GBOX) stock more than doubled in value, touching a 3-month high, on Tuesday aft","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4106":"数据处理与外包服务"},"translate_title":"GreenBox POS库存创下3个月新高，创纪录的处理量推动了强劲的业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBOX":1},"content_text":"GreenBox POS (NASDAQ:GBOX) stock more than doubled in value, touching a 3-month high, on Tuesday after the fintech firm reported strong Q2 results. The company also appointed J. Drew Byelick as CFO, effectively immediately. GBOX reported Q2 EPS of $0.24 vs. $0 in Q2 2021 due to a decrease in the change in fair value of the derivative liability. Revenue rose 9.4% Y/Y to $7M, driven by higher processing volume but offset by higher fees to gateways and ISOs.  GBOX saw record processing volume of over $1B in Q2, up 40% sequentially and and more than double Q2 2021. Acquiring business, including the Sky Financial portfolio, processing volume was $769M, outpacing GBOX's estimates by over 38%. FX and international payments business saw over $184M in volume. \"We expect acquiring line of business to continue exceeding processing volume targets through the balance of the year,\" said COO Min Wei in a post-earnings call. Wei said the company expects adj. pro forma EBITDA to breakeven in Q3 vs. -$4.9M in Q2, while Q4 adj. pro forma EBITDA is projected to be ~$3M. \"In terms of operating cash flow, we expect to turn positive starting in Q3,\" he added. Over 87M GBOX shares changed hands as of 12.38 pm ET vs. average trading volume of ~0.6M.  Shares of GBOX fell 40.9% YTD and 66% in the last 1 year. 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