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 completed the first phase of a significant contract with a large Texas school district, installing 615 Clevertouch interactive touchscreen displays across 40 campuses. This initiative serves 25,000 students and 2,500 faculty members, generating approximately $5 million in revenue over three years. A second order of 1,200 touchscreens is anticipated in 2021, with a total of 3,000 units projected by early 2022. Boxlight aims to enhance educational environments through innovative technology solutions.
Boxlight Corporation (Nasdaq: BOXL) announced over $1.75 million in Clevertouch orders for Q4 from ASI Solutions, a leading Australian ICT company recognized as the #1 Fastest Growing Private Australian Company in 2020. This partnership, established 18 months ago, has resulted in substantial growth for both companies, with Clevertouch becoming the top seller of Interactive Flat Panels in Australia. The demand for Clevertouch solutions is expected to continue into 2021, bolstered by planned innovations.
Boxlight Corporation (Nasdaq: BOXL) has successfully implemented Clevertouch UX Pro displays at NA College in the UK, enhancing their blended learning approach. The technology facilitates seamless engagement for students and educators alike, supporting features like handwritten script transfer and QR code access to lessons. Lisa Emmerson, Digital Learning Manager at NA College, emphasized the importance of this technology in providing an immersive learning experience. Follow-up training sessions for tutors have also been effective in ensuring smooth usage of the displays.
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Boxlight Corporation (Nasdaq: BOXL) has received three awards from THE Journal’s Best New EdTech Product Awards. The awards recognize Boxlight’s MimioConnect® Blended Learning Platform for Best Remote and Distance Learning Program, while its MyStemKits Virtual STEM Kits secured two awards for Best Robotics System/Curriculum and Best STEM/STEAM Program/Curriculum. These accolades highlight Boxlight’s innovative solutions in response to evolving educational needs, emphasizing flexibility and engagement in hybrid learning environments.
Boxlight Corporation (Nasdaq: BOXL) has announced the appointment of Dr. Don Gemeinhardt as Director of Strategic Funding and Grants. Dr. Gemeinhardt will focus on identifying funding opportunities for schools and districts, particularly in education technology and STEM solutions. His expertise aims to assist school districts, which often lack the resources to pursue grants for professional development and technology needs. Boxlight highlights the availability of various federal and state grants, including those related to Covid-19, to support educational advancements.
Boxlight Corporation (Nasdaq: BOXL) has appointed Mark Starkey as President, who will focus on global sales and operations. Starkey's experience includes leading Sahara Presentation Systems, enhancing Boxlight's market position in EMEA after its acquisition in September 2020. Boxlight expects combined revenue exceeding $27 million with positive Adjusted EBITDA for Q4 2020. CEO Michael Pope expressed confidence in Starkey's leadership to drive revenue growth and profitability, positioning the company to capitalize on interactive technology opportunities in education and corporate sectors.
Boxlight Corporation (Nasdaq: BOXL) reported a 16% decrease in Q3 2020 revenues to $9.5 million, with customer orders up 37% to $9.3 million. Gross profit fell to 21.4%, while operating expenses decreased by 18% to $3.8 million. The net loss surged by 792% to $4.2 million, and EPS loss rose to $(0.10). Despite challenges from COVID-19, management anticipates revenues exceeding $27 million in Q4. Notable events included a GBP 63 million acquisition of Sahara Presentation Systems and a $22 million investment from The Lind Partners.
Boxlight Corporation (Nasdaq: BOXL) will hold its Third Quarter 2020 financial results conference call on November 16, 2020, at 4:30 p.m. ET. Investors can participate by dialing 1-888-567-1603 for domestic calls or 1-862-298-0702 for international calls. A replay will be available until November 30, 2020. Boxlight is recognized for its interactive technology solutions, enhancing engagement in business and education. The company emphasizes its growth strategies and product developments, though future results remain uncertain due to market competition and operational risks.