Welcome to our dedicated page for Boxlight news (Ticker: BOXL), a resource for investors and traders seeking the latest updates and insights on Boxlight stock.
Boxlight Corporation develops and sells interactive technology and communication solutions for education, corporate, and government markets. Its news commonly covers classroom and campus systems such as FrontRow, Clevertouch, Mimio, MyClass, interactive displays, classroom audio, digital signage, education software, professional development, and campuswide communication platforms.
Company updates also include school district deployments, reseller and integration partner relationships, product launches and platform upgrades, and financial results. Boxlight’s corporate news may address capital actions and Nasdaq listing compliance topics tied to its Class A common stock.
Boxlight Corporation (Nasdaq: BOXL) has successfully implemented Clevertouch interactive display solutions at Cardiff Metropolitan University in Wales, UK. This initiative aims to enhance student accessibility and interactivity in educational spaces. The Clevertouch IMPACT Plus displays feature user-friendly interfaces, cloud drive access, and high-quality audio, catering to diverse user needs. Hollie Carter, IT Advisor at Cardiff Met, emphasized the importance of high-resolution displays in ensuring accessibility and engagement.
Boxlight Corporation (Nasdaq: BOXL) has successfully implemented Clevertouch interactive displays at Cows and Calves Preschool in South Africa. This initiative aims to enhance technology skills among students, featuring user-friendly access to cloud drives, LYNX, Snowflake applications, and Clevershare screen mirroring, which received positive feedback from the school community. Principal Anell Harper emphasized the importance of these touchscreens as educational tools for broadening students' knowledge.
Boxlight Corporation (Nasdaq: BOXL) reported significant market advancements for its Interactive Flat Panel Displays (IFPDs). A Q3 2021 analysis by Futuresource Consulting highlighted Boxlight's leadership in education and enterprise sectors, with notable achievements in countries like Australia, the UK, and Denmark. Boxlight reached nearly 8% market share in the USA and became the third-largest provider in EMEA, indicating robust growth. President Mark Starkey stated their global market share, excluding China, is approaching 10%, doubling from two years prior.
Boxlight Corporation (Nasdaq: BOXL) announced the successful implementation of Clevertouch interactive displays at Quarrydale Academy in Nottingham, UK. The academy upgraded its audiovisual infrastructure, installing 57 interactive displays along with a remote cloud-based management system, enabling centralized control. According to Stafford Lund from Roche AV, this solution enhances both current and future educational needs without ongoing costs. The upgrade aims to standardize technology for greater administrative efficiency.
Boxlight reported a 544% increase in revenue to $61.0 million for Q3 2021, compared to Q3 2020. Customer orders surged 756% to $51.1 million. Net income rose by $4.9 million to $0.7 million, resulting in earnings of $0.01 per share. Adjusted EBITDA improved by $8.0 million to $7.2 million. The company forecasts Q4 2021 revenue of $40 million and a full-year revenue of $181 million with $16 million in Adjusted EBITDA. Boxlight’s strong performance is attributed to the acquisition of Sahara and increasing market demand.
Boxlight Corporation (Nasdaq: BOXL) will present at the Ladenburg Thalmann Virtual Technology Expo on Thursday, November 18, 2021, at 10:30 AM ET. CEO Michael Pope will share updates on the company's 2021 financial performance, highlighting significant revenue growth and profitability. Additionally, he will discuss strategic developments, including the acquisition of FrontRow. The expo will showcase presentations from around 50 technology companies, focusing on various sectors, including AI and e-commerce. Investors can register for the event through the provided link.
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Boxlight Corporation (Nasdaq: BOXL) announced the successful implementation of its ProColor interactive displays in Ord Public Schools, Nebraska. As a 1:1 district, Ord installed these displays in each classroom to enhance learning, especially during COVID-19. The ProColor's user-friendly design and mobility significantly benefited teachers and students, facilitating remote learning environments. Notably, the displays' adaptability allowed for effective use in unconventional settings due to pandemic restrictions. For further details, visit Boxlight.
Boxlight Corporation (NASDAQ: BOXL) has announced the acquisition of FrontRow Calypso LLC, effective October 31, 2021. The deal, expected to close between November 15 and November 30, 2021, enhances Boxlight's product offerings in classroom audio and campus communication solutions. FrontRow, operational since 1963, provides advanced communication technology across 9,600 school districts in the U.S. and over 25 countries. Boxlight aims to leverage its sales channels to boost demand for FrontRow's products, integrating them into its existing ecosystem.
Boxlight Corporation (Nasdaq: BOXL) will hold a conference call on November 10, 2021, at 4:30 p.m. Eastern Time to announce its Third Quarter 2021 financial results. CEO Michael Pope expressed optimism about the company's growth across various regions, including the U.S., U.K., and Germany. The company is focused on expanding its sales and support resources, aiming for continued revenue growth. A replay of the call will be available until November 24, 2021.