Boxlight Q1 2022 Earnings Report
Key Takeaways
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.
Revenue increased by 51.4% to $50.6 million with 34% organic growth.
Customer orders increased by 34.0% to $64.0 million with 23% organic growth.
Net loss improved by $0.3 million to $(4.9) million.
Net loss per common share improved by $0.02 to $(0.07).
Boxlight
Boxlight
Forward Guidance
Boxlight expects to deliver $54 million in revenue and greater than $2 million in Adjusted EBITDA for Q2 2022, and anticipates achieving full year guidance of $250 million in revenue and $26 million in Adjusted EBITDA.
Positive Outlook
- Expect Q2 2022 Revenue of $54 million
- Expect Q2 2022 Adjusted EBITDA greater than $2 million
- Expect Full Year 2022 Revenue of $250 million
- Expect Full Year 2022 Adjusted EBITDA of $26 million
Challenges Ahead
- Supply chain challenges
- Logistics challenges
- Product delays
- Increased freight costs