Loading...
•
Sep 30, 2022
Boxlight Q3 2022 Earnings Report
Revenue increased and net income improved for the third quarter of 2022.
Key Takeaways
Boxlight Corporation reported a 12.7% increase in revenue to $68.7 million and net income improved by $2.4 million to $3.1 million for the third quarter ended September 30, 2022.
Revenue increased by 12.7% to $68.7 million.
Net income per diluted common share improved by $0.02 to $0.03.
Adjusted EBITDA increased by $2.7 million to $9.9 million.
The company ended the quarter with $22.0 million in cash.
Boxlight
Boxlight
Forward Guidance
The company expects Q4 2022 revenue of $48 million and Adjusted EBITDA of $2 million. The company also expects Full Year 2022 revenue of $227 million and Adjusted EBITDA of $18 million.
Positive Outlook
- Expect Q4 2022 Revenue of $48 million
- Expect Q4 2022 Adjusted EBITDA of $2 million
- Expect Full Year 2022 Revenue of $227 million
- Expect Full Year 2022 Adjusted EBITDA of $18 million