Boxlight Earnings Reports

Boxlight Corporation reported a decrease in revenue for Q3 2024, but net loss improved compared to the prior year. The company is positioning for future growth through brand alignment and product innovation.

Boxlight reported a decrease in revenue and net loss for the second quarter of 2024 compared to the prior year quarter. Despite challenging industry conditions, the company maintained market share and generated positive Adjusted EBITDA. New product launches and cost-saving initiatives were implemented to position the company for future growth.

Boxlight reported a decrease in revenue by 9.9% to $37.1 million and a net loss of $7.1 million, compared to a net loss of $2.9 million in the prior year quarter. The company has focused on streamlining operations, eliminating approximately $5 million in operating costs, with the full impact expected in future financial results. Market demand is stabilizing, and Boxlight aims to capture market share in the balance of 2024.

Boxlight Corporation reported a decrease in revenue for Q4 2023 compared to the prior year quarter, along with a significant increase in net loss. The decrease in revenue was primarily due to lower sales volume across all markets. The net loss was impacted by non-recurring impairment charges.

Boxlight reported a decrease in revenue for Q3 2023 compared to the previous year, primarily due to softer industry demand. The company experienced a net loss, largely due to goodwill impairment charges, but saw improved customer order growth and an improved gross profit margin.

Boxlight reported a decrease in revenue for Q2 2023 compared to Q2 2022, but improved its gross profit margin and adjusted EBITDA. The company ended the quarter with a solid cash position and working capital.

Boxlight reported a decrease in revenue by 18.6% year-over-year, totaling $41.2 million. However, the company improved its net loss per share to ($0.04) and increased adjusted EBITDA by $2.1 million to $3.3 million.

Boxlight's Q4 2022 revenues decreased by 2.7% to $42.8 million compared to the prior year period, but increased by 7% on a constant currency basis. Gross profit margin improved by 1,240 basis points, leading to an increase in Adjusted EBITDA of $5 million over the same quarter last year. The company ended the year with a strong balance sheet, including $14.6 million in cash and positive cash flows from operations for the full year 2022.

Boxlight Corporation reported a 12.7% increase in revenue to $68.7 million and net income improved by $2.4 million to $3.1 million for the third quarter ended September 30, 2022.

Boxlight Corporation reported a 27.5% increase in revenue to $59.6 million and net income of $26 thousand for the second quarter ended June 30, 2022. Customer orders increased by 6.8% to $81.2 million. The company maintains its full year 2022 guidance of $250 million in revenue and $26 million in Adjusted EBITDA.

Boxlight Corporation reported a 51.4% increase in revenue to $50.6 million and an improved net loss per common share of $(0.07) for Q1 2022. The company ended the quarter with $43.0 million in backorders and expects Q2 2022 revenue of $54 million and adjusted EBITDA greater than $2 million.

Boxlight reported a 38.1% increase in revenue to $44 million for Q4 2021. However, the company experienced a net loss of $7.1 million and an adjusted EBITDA loss of $2.0 million primarily due to one-time costs associated with the FrontRow acquisition and related financing, as well as high supply chain and logistics expenses.

Boxlight Corporation reported a tremendous Q3 2021, exceeding guidance with $61 million in revenue, $7.2 million in Adjusted EBITDA, and positive net income and earnings per share for the first time. The company has delivered positive Adjusted EBITDA and above-market revenue growth for five consecutive quarters.

Boxlight Corporation reported a record quarter with a 497% increase in revenue compared to Q2 2020. The company's revenue reached $46.8 million, with a gross profit of $12.8 million. The net loss was $(2.2) million, and Adjusted EBITDA was $5.4 million.

Boxlight Corporation reported a significant increase in revenue for Q1 2021, driven by the acquisition of Sahara and growth in the education sector. The company achieved record customer orders and Adjusted EBITDA, but also reported a net loss due to increased operating expenses and other income expenses.

Boxlight Corporation reported a significant increase in revenue for Q4 2020, primarily due to the acquisition of Sahara. Revenue increased by 437% compared to Q4 2019. The company reported a net loss of $(8.6) million, and Adjusted EBITDA was income of $0.4 million, compared to a loss of $(2.6) million for the three months ended December 31, 2019.

Boxlight Corporation held its Third Quarter 2020 financial results conference call.

Boxlight reported Q2 2020 revenue of $7.8 million, a decrease of 28% compared to Q2 2019. The company's gross margin increased to 34.4% from 27.7% in the same period last year, and operating loss decreased by 36% to $0.8 million.