GreenBox POS (GBOX)

[Baerg]

An email a friend sent to Mark at MZ Group. Just FYI.

Hello Mark,

Question for you on the January 18, 2022 announcement of the bulk ACH Channel.

I am looking at the following paragraph:

Since the new program's commencement, GreenBox clients have already committed to over $50,000,000 in monthly ACH processing and the number is climbing. Generally, the average ACH ticket is approximately $150.00, with margins ranging from 20-30 cents per transaction. What's more is that these new ACH processing abilities also allow the Company to capture the business of, and support clients in higher risk categories, earning an additional 20-30 basis points per transaction.

My question is as follows: Does this mean that for the customers that are considered high risk, on a transaction size of $150, GBOX would have revenue of $0.50 ($0.20 + $150*0.2%) – $0.75 ($0.30 + $150*0.3%)?

Thanks,

Yes, your math below is correct – should come out to around $2-3m annually based on the $50m and avg trans size of $150. Also, as pointed out in the press release, they expect monthly volume to increase.

Thanks,
Mark