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Jun 30, 2022
Boxlight Q2 2022 Earnings Report
Revenue increased and net income improved.
Key Takeaways
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.
Revenue increased by 27.5% to $59.6 million.
Customer orders increased by 6.8% to $81.2 million.
Net income improved by $2.2 million to $26 thousand.
Adjusted EBITDA declined by $0.2 million to $5.2 million.
Boxlight
Boxlight
Forward Guidance
Boxlight expects Q3 2022 Revenue greater than $70 million and Adjusted EBITDA greater than $10 million. Expect Full Year 2022 Revenue of $250 million and Adjusted EBITDA of $26 million
Positive Outlook
- Expect Q3 2022 Revenue greater than $70 million
- Expect Q3 2022 Adjusted EBITDA greater than $10 million
- Expect Full Year 2022 Revenue of $250 million
- Expect Full Year 2022 Adjusted EBITDA of $26 million