Boxlight(BOXL)

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Boxlight(BOXL) - 2024 Q4 - Annual Report
2025-03-28 20:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) Nevada 821 ...
Boxlight(BOXL) - 2024 Q4 - Annual Results
2025-03-28 20:14
Financial Performance - Total revenues for Q4'24 were $24.0 million, a decrease of 38.2% from $38.8 million in Q4'23[5] - Gross profit for Q4'24 was $7.3 million, down 40.3% from $12.3 million in Q4'23, with a gross profit margin of 30.6%[6] - Net loss for Q4'24 was $16.7 million, compared to a net loss of $17.7 million in Q4'23, with net loss per share of ($8.65) versus ($9.35) in the prior year[7] - Total revenues for FY'24 were $135.9 million, a decrease of 23.1% from $176.7 million in FY'23[13] - FY'24 gross profit was $46.9 million, representing a gross profit margin of 34.5%, down from 35.8% in FY'23[13] - Net loss for FY'24 was $28.3 million, compared to $39.2 million in FY'23, with net loss attributable to common shareholders of $29.6 million[15] - Total revenues for the year ended December 31, 2024, decreased to $135.893 million, down 23.1% from $176.721 million in 2023[33] - Gross profit for 2024 was $46.941 million, representing a decline of 25.9% compared to $63.302 million in 2023[33] - Net loss attributable to common stockholders for 2024 was $29.604 million, an improvement from a net loss of $40.425 million in 2023[33] - The company reported a comprehensive loss of $29.409 million for 2024, compared to a comprehensive loss of $36.941 million in 2023[33] Operating Expenses - Total operating expenses for FY'24 were $66.4 million, down from $89.6 million in FY'23, primarily due to cost reduction initiatives[14] - Operating expenses for 2024 were $66.411 million, down 25.8% from $89.602 million in 2023[33] - Research and development expenses increased to $4.126 million in 2024, up 30.8% from $3.155 million in 2023[33] Cash and Assets - The company ended Q4'24 with $8.0 million in cash and $1.3 million in working capital[17] - Total current assets decreased to $78.382 million in 2024, down 24.3% from $103.580 million in 2023[29] - Cash and cash equivalents decreased significantly to $8.007 million in 2024, down 53.6% from $17.253 million in 2023[29] - Total assets decreased to $115.305 million in 2024, down 28.7% from $161.773 million in 2023[29] Liabilities - Total liabilities increased to $99.692 million in 2024, compared to $116.513 million in 2023, reflecting a decrease of 14.4%[30] Business Developments - Boxlight opened a new showroom in Poland in August 2024 and launched a unified worldwide display brand as Clevertouch by Boxlight[7] - Analysts project a market recovery beginning in the second half of 2025, which may benefit Boxlight's performance[4]
Boxlight(BOXL) - 2024 Q3 - Quarterly Report
2024-11-14 21:39
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its cha ...
Boxlight(BOXL) - 2024 Q3 - Earnings Call Transcript
2024-11-14 03:57
Boxlight Corporation (NASDAQ:BOXL) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Jeff Stanlis - Investor Relations Dale Strang - Chief Executive Officer Greg Wiggins - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Jack Vander Aarde - Maxim Group Operator Good afternoon and welcome to the Boxlight Corporation Third Quarter Financial Results Call. At this time, all participants are in a listen-only mode. A question-and-an ...
Boxlight Corporation (BOXL) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-13 23:45
Boxlight Corporation (BOXL) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -277.78%. A quarter ago, it was expected that this company would post a loss of $0.37 per share when it actually produced a loss of $0.18, delivering a surprise of 51.35%. Over the last four quarters, the company has ...
Boxlight(BOXL) - 2024 Q3 - Quarterly Results
2024-11-13 21:05
Boxlight Reports Third Quarter 2024 Financial Results Duluth, GA – Business Wire – November 13, 2024 – Boxlight Corporation (Nasdaq: BOXL) ("Boxlight" or the "Company"), a leading provider of interactive technology solutions, today announced the Company's financial results for the third quarter ended September 30, 2024. Financial and Operational Highlights: • Revenue was $36.3 million for the quarter, a decrease of 26.9% from the prior year quarter • Gross profit margin in Q3'24 decreased to 33.8% from 36.3 ...
Boxlight(BOXL) - 2024 Q2 - Quarterly Report
2024-08-13 20:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) ...
Boxlight(BOXL) - 2024 Q2 - Earnings Call Transcript
2024-08-10 05:08
Boxlight Corporation (NASDAQ:BOXL) Q2 2024 Earnings Call August 7, 2024 4:30 PM ET Company Participants Jeff Stanlis - Investor Relations Dale Strang - Chief Executive Officer Greg Wiggins - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Jack Vander Aarde - Maxim Group Operator Good afternoon, and welcome to the Boxlight Corporation Second Quarter Financial Results Call. [Operator Instructions] I will now turn the conference over to your host, Mr. Jeff Stan ...
Boxlight Corporation (BOXL) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 00:02
Boxlight Corporation (BOXL) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 51.35%. A quarter ago, it was expected that this company would post a loss of $0.93 per share when it actually produced a loss of $0.66, delivering a surprise of 29.03%. Over the last four quarters, the company has s ...
Boxlight(BOXL) - 2024 Q2 - Quarterly Results
2024-08-07 20:07
Boxlight Reports Second Quarter 2024 Financial Results Duluth, GA – Business Wire – August 7, 2024 – Boxlight Corporation (Nasdaq: BOXL) ("Boxlight" or the "Company"), a leading provider of interactive technology solutions, today announced the Company's financial results for the second quarter ended June 30, 2024. Financial and Operational Highlights: | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------- ...