- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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