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Mar 31, 2021
Boxlight Q1 2021 Earnings Report
Reported a record quarter with substantial revenue increase due to strategic acquisitions and market expansion.
Key Takeaways
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.
Completed a record quarter with $47.7 million in customer orders.
Reported $33.4 million in revenues, a 484% increase compared to Q1 2020.
Achieved $1.6 million in Adjusted EBITDA.
Benefited from market expansion in the education sector due to return to in-class learning and increased technology budgets.
Boxlight
Boxlight
Forward Guidance
Boxlight anticipates continued growth in Q2 2021, projecting revenue of $39 million and Adjusted EBITDA of at least $1 million.
Positive Outlook
- Optimistic on the second quarter.
- Expect to report revenue of $39 million.
- Expect at least $1 million in Adjusted EBITDA.