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Dec 31, 2020
Boxlight Q4 2020 Earnings Report
Boxlight's financial performance improved, marked by record customer orders and outperforming revenue and earnings guidance.
Key Takeaways
Boxlight Corporation reported a significant increase in revenue for Q4 2020, primarily due to the acquisition of Sahara. Revenue increased by 437% compared to Q4 2019. The company reported a net loss of $(8.6) million, and Adjusted EBITDA was income of $0.4 million, compared to a loss of $(2.6) million for the three months ended December 31, 2019.
Revenues for Q4 2020 were $31.9 million, a 437% increase compared to $5.9 million in Q4 2019.
Gross profit for Q4 2020 was $3.6 million, compared to $1.0 million in Q4 2019.
Net loss for Q4 2020 was $(8.6) million, compared to $(2.9) million in Q4 2019.
Adjusted EBITDA for Q4 2020 was income of $0.4 million, compared to a loss of $(2.6) million in Q4 2019.
Boxlight
Boxlight
Forward Guidance
The company expects revenue greater than $28 million and positive Adjusted EBITDA for the first quarter.
Positive Outlook
- Increased demand for solutions in 2021.
- Expects to report the first quarter with revenue greater than $28 million.
- Expects positive Adjusted EBITDA for the first quarter.
- Benefiting from a robust and growing market for interactive hardware and software solutions.
- Executing on strategy to take market share by providing superior solutions and unsurpassed customer support.
Challenges Ahead
- Challenging disruptions to how we interact and communicate in both education and business settings.
- First quarter is seasonally slow.
- First quarter has historically accounted for less than 20% of annual sales.