Why Greenbox Shares Traded Higher Today

August 16, 2022 11:13 AM | 1 min read |

Greenbox POS 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.