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Jun 30, 2020
Boxlight Q2 2020 Earnings Report
Reported a decrease in revenue due to COVID-19, but improved gross margin and reduced operating loss.
Key Takeaways
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.
Revenue decreased by 28% to $7.8 million due to COVID-19 related school closures.
Gross margin increased to 34.4% compared to 27.7% in the prior year.
Operating loss decreased by 36% to $0.8 million.
Adjusted EBITDA loss improved by 69% to $0.3 million.
Boxlight
Boxlight
Forward Guidance
Boxlight is well-positioned to provide solutions for educators in various learning environments and is committed to driving shareholder value through revenue growth and improved profitability.