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Dec 31, 2021
Boxlight Q4 2021 Earnings Report
Boxlight reported mixed results for Q4 2021 with increased revenue but an adjusted EBITDA loss due to one-time costs and supply chain issues.
Key Takeaways
Boxlight reported a 38.1% increase in revenue to $44 million for Q4 2021. However, the company experienced a net loss of $7.1 million and an adjusted EBITDA loss of $2.0 million primarily due to one-time costs associated with the FrontRow acquisition and related financing, as well as high supply chain and logistics expenses.
Revenue increased by 38.1% to $44.0 million.
Customer orders increased by 25.0% to 41.5 million.
Gross profit margin improved by 100 basis points to 21.2%.
Net loss improved by $1.4 million to $(7.1) million.
Boxlight
Boxlight
Boxlight Revenue by Geographic Location
Forward Guidance
The company expects Q1 2022 revenue of $44 million and adjusted EBITDA of $2 million and full year 2022 revenue of $250 million and adjusted EBITDA of $26 million.
Positive Outlook
- Expect Q1 2022 Revenue of $44 million
- Expect Q1 2022 Adjusted EBITDA of $2 million
- Expect Full Year 2022 Revenue of $250 million
- Expect Full Year 2022 Adjusted EBITDA of $26 million
- Experiencing stronger than expected customer orders