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Dec 31, 2023
Boxlight Q4 2023 Earnings Report
Reported a revenue decrease and net loss increase due to lower sales volume and impairment charges.
Key Takeaways
Boxlight Corporation reported a decrease in revenue for Q4 2023 compared to the prior year quarter, along with a significant increase in net loss. The decrease in revenue was primarily due to lower sales volume across all markets. The net loss was impacted by non-recurring impairment charges.
Revenue decreased by 9.3% to $38.8 million.
Gross profit margin decreased by 190 basis points to 31.7% due to non-recurring charges.
Net loss was $17.7 million, inclusive of non-recurring impairment charges of $12.0 million.
Adjusted EBITDA decreased by $3.7 million to ($1.1) million.
Forward Guidance
The company expects Q1 2024 Revenue and adjusted EBITDA at $34 million and ($3.0) million, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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