Boxlight Q4 2022 Earnings Report
Key Takeaways
Boxlight's Q4 2022 revenues decreased by 2.7% to $42.8 million compared to the prior year period, but increased by 7% on a constant currency basis. Gross profit margin improved by 1,240 basis points, leading to an increase in Adjusted EBITDA of $5 million over the same quarter last year. The company ended the year with a strong balance sheet, including $14.6 million in cash and positive cash flows from operations for the full year 2022.
Q4 2022 revenues were $42.8 million, a 2.7% decrease compared to Q4 2021, but a 7% increase on a constant currency basis.
Gross profit margin improved by 1,240 basis points compared to the same quarter last year.
Adjusted EBITDA increased by $5 million compared to the same quarter last year.
The company ended the year with $14.6 million in cash, $58.2 million in inventory, and $62.8 million in working capital.
Boxlight
Boxlight
Forward Guidance
No forward guidance provided in the transcript.