Boxlight Corp - BOXL STOCK NEWS

Boxlight (Nasdaq: BOXL) won 8 Best of Show awards at the ISTE Live 24 conference in Denver, Colorado, for its innovative educational technology solutions. The award-winning products include the UNITY AV management system, Robo E4 and E4 Pro 3D printers, Xploris STEAM solution, Clevertouch IMPACT Lux and Max interactive flat panels, MimioPro 4 interactive display, MimioWall LED displays, and Mimio DS Series digital displays. These products integrate cutting-edge technology to enhance classroom engagement, efficiency, and safety, ensuring a comprehensive learning environment for students and educators.

Boxlight (Nasdaq: BOXL) has launched FrontRow UNITY at ISTELive 2024 in Denver, CO. UNITY is an innovative solution that combines classroom audio, campus communication, and emergency notifications into a single device. It features technologies like OptiVoice+, PrivaSee, Solo, PrioriTeach+, and Adapto+ to offer clear sound and comprehensive communication capabilities. UNITY is user-friendly, easy to install, and integrates seamlessly with existing infrastructure, making it cost-effective. It supports various communication needs, from classroom instructions to campus-wide emergency alerts, and can be managed remotely via FrontRow Rollout app.

Boxlight (Nasdaq: BOXL) is showcasing its latest education technology solutions at ISTELive 2024, held from June 24-26 in Denver, CO. The company introduces FrontRow UNITY, an all-in-one device for classroom communication, campus communication, and emergency notifications. Also debuting are TimeSign—a multi-functional digital display—and Xploris, a compact STEAM education tool for K-5 students comprising five built-in sensors. Boxlight emphasizes its commitment to improving safety, communication, and STEM education through innovative products. An exclusive pricing offer for MimioWall is available at the event.

Boxlight has appointed Dale Strang as its permanent Chief Executive Officer (CEO). Strang had been serving as interim CEO since January 2024. The Board of Directors unanimously voted for this decision, citing the positive direction and progress the company has made under his leadership. Strang, who has over 35 years of experience in consumer technology, media, and entertainment, has been a director at Boxlight since 2017 and has served on several committees, including as chair of the compensation committee. The company believes Strang is well-positioned to lead Boxlight towards capturing opportunities in the fast-moving market.

Boxlight (Nasdaq: BOXL) has won the Education Hardware Innovation Award for its MimioPro G interactive display in the 2024 EdTech Breakthrough Awards Program. The MimioPro G, designed for modern classrooms, integrates with various educational tools and offers access to the Google PlayStore. It features advanced security, 50 touchpoints, and antibacterial glass. The investment includes complimentary training for teachers to earn Google certification, enhancing professional development. This award highlights Boxlight’s commitment to innovative educational technology and empowering teachers.

Boxlight (Nasdaq: BOXL) awarded Clayton County Public Schools (CCPS) as Education Technology Implementation District of the Year. This recognition highlights the successful 8+ year partnership between Boxlight and CCPS to modernize classrooms using Boxlight interactive displays, software, and teacher training. The collaboration has led to increased student engagement and teacher enthusiasm for technology. The award was presented on May 7, 2024, acknowledging CCPS's dedication to leveraging educational technology to improve learning outcomes and educator effectiveness.

Boxlight (Nasdaq: BOXL) has been ranked as one of the World’s Top EdTech Companies of 2024 by TIME Magazine, coming in at #28 globally and #9 in the U.S. The selection process evaluated various factors like financial strength, industry impact, product quality, and intellectual property portfolio value. Boxlight is dedicated to providing innovative technology solutions for learning institutions worldwide.

Boxlight reported its financial results for the first quarter of 2024, with revenue at $37.1 million, a 9.9% decrease from the prior year. The company's gross profit margin decreased to 34.5%, with a net loss of $7.1 million. Adjusted EBITDA decreased to $0.2 million. Boxlight ended the quarter with $11.8 million in cash and $46.6 million in working capital. Management highlighted cost-cutting measures and market stabilization, aiming for future growth.