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Mar 31, 2024
Boxlight Q1 2024 Earnings Report
Reported a decrease in revenue and net loss compared to the prior year quarter, while streamlining the organization and positioning for future profitability.
Key Takeaways
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.
Revenue decreased by 9.9% year-over-year to $37.1 million.
Gross profit margin decreased by 230 basis points to 34.5% due to product mix changes.
Net loss was $7.1 million, compared to a net loss of $2.9 million in the prior year quarter.
Adjusted EBITDA decreased by $3.1 million to $0.2 million from the prior year quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Boxlight expects Q2 2024 revenue of $43-$45 million and adjusted EBITDA of $2-$3 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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