Boxlight (BOXL) Stock News

Boxlight Corporation (Nasdaq: BOXL) reported strong financial results for Q4 and the full year 2020, with revenues soaring 437% year-over-year to $31.9 million in Q4, and a 66% increase to $54.9 million for the year. Key highlights include a gross profit margin of 26.4% in Q4 after adjustments and a significant improvement in adjusted earnings per share to $0.01. The company also appointed new executives and reported a robust increase in customer orders, positioning itself favorably for future growth despite recorded net losses. Improved working capital and a backlog of $11.3 million further support its positive trajectory.

Boxlight Corporation (Nasdaq: BOXL) has acquired Interactive Concepts, a Belgium-based distributor of AV and IT solutions, for approximately $3.3 million. This acquisition aims to enhance Boxlight's Clevertouch brand presence in Western Europe, where it has seen a 25% year-on-year revenue growth in the Benelux region. Interactive Concepts generated about $6.5 million in revenue in 2020 and is seen as a strategic partner to boost sales in the education sector. The company plans to rebrand Interactive Concepts as Sahara Presentation Systems Europe BV, integrating it with existing operations.

Boxlight Corporation (Nasdaq: BOXL) will host its Fourth Quarter and Full Year 2020 financial results conference call on March 25, 2021, at 4:30 p.m. Eastern Time. The call will provide insights into the company's financial performance for the period. Interested parties can join via a domestic dial-in number at 1-877-876-9176 or internationally at 1-785-424-1670. A replay will be available until April 8, 2021. Boxlight specializes in interactive technology solutions, enhancing engagement in various business and educational environments.

Boxlight Corporation (Nasdaq: BOXL) has partnered with San Agustín de Bilbao Center for Higher Studies in Spain to integrate Clevertouch® IMPACT™ interactive touchscreen displays into its blended learning plan for the 2020-21 school year. The school aims to enhance student engagement through modern technology amidst safety concerns. José Luis Soler, the center's director, emphasizes the positive impacts of using interactive displays over traditional blackboards. This initiative reflects Boxlight's commitment to providing innovative educational solutions.

Boxlight Corporation (Nasdaq: BOXL) announced that the British Academy in London has chosen its Clevertouch UX Pro interactive touchscreen displays to enhance their workplace technology. This decision highlights the Academy's commitment to modernizing their tools with advanced features such as Super Glide Touch and integration capabilities for Zoom and Microsoft Teams. Boxlight's solutions aim to foster better engagement in educational and business settings.

Boxlight Corporation (Nasdaq: BOXL) has announced the launch of the Clevertouch Gallery in London, aiming to enhance in-person and virtual meeting experiences. The 2,500 square foot gallery is designed to support hybrid meetings, featuring the latest technology including interactive displays and an LED videowall. Mark Starkey, President of Boxlight and Clevertouch, emphasized that these investments reflect the company's growth ambitions across various sectors like Enterprise and Education. Clevertouch now has showrooms in multiple locations, including the USA and Europe.

Boxlight Corporation (Nasdaq: BOXL) successfully integrated Robo 3D printers into STEM education in Montana, enhancing student creativity and critical thinking skills. The initiative includes access to the MyStemKits curriculum for grades K-12, promoting hands-on learning. Shelley Emslie, a local teacher, reported significant student engagement and skill development through daily use of the technology. This case exemplifies Boxlight's commitment to innovative educational solutions that prepare students for a 3D world.

Boxlight Corporation (Nasdaq: BOXL) has launched Clevertouch Academy, a comprehensive resource hub targeting educators, trainers, and partners. The platform features five initial courses aimed at facilitating user adoption of Clevertouch technology, with more courses planned for the future. The initiative emphasizes the importance of professional development in enhancing operations and customer confidence. Designed by industry experts, the courses also offer AVIXA RU renewal points. President Mark Starkey highlights this as a step towards Boxlight's commitment to growth in the EdTech sector.

Boxlight Corporation (Nasdaq: BOXL) recently announced a podcast titled Understanding the New Federal Funding for Schools, featuring Dr. Don Gemeinhardt. The discussion centers on aiding schools in navigating grant applications, particularly under the $54 billion federal funding approved for education relief. This funding, through the ESSER, allows governors to allocate resources for addressing learning loss and improving infrastructure, including educational technology. Boxlight aims to support organizations in both purchasing technology and securing grants effectively.