Boxlight Corp Stock Price, News & Analysis

Boxlight (Nasdaq: BOXL) has announced a 1-for-5 reverse stock split of its Class A common stock, effective February 14, 2025, at 5:01 p.m. Eastern Time. The stock will begin trading on a split-adjusted basis on February 18, 2025, under the same symbol 'BOXL'.

The reverse split aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. Every 5 shares will be consolidated into one share, reducing the total authorized shares from 18,750,000 to 3,750,000. The par value remains at $0.0001 per share.

Proportionate adjustments will be made to equity awards, warrants, and convertible preferred stock. No fractional shares will be issued, with fractions being rounded up. VStock Transfer, will serve as the transfer agent, and stockholders are not required to take any action.

Boxlight (BOXL) reported Q3 2024 financial results with revenue of $36.3 million, down 26.9% year-over-year. Gross profit margin decreased to 33.8% from 36.3%. The company posted a net loss of $3.1 million ($0.34 per share), improved from a $17.8 million loss in Q3 2023. Adjusted EBITDA was $2.2 million, down $2.7 million from last year.

The company ended Q3 with $10.5 million in cash, $45.8 million in working capital, and $38.8 million in debt. Notable developments include launching the IMPACT Max 2 interactive panel and unifying worldwide display brand as Clevertouch by Boxlight. The company was not in compliance with credit agreement covenants and is finalizing an amendment for waiver.

Boxlight (Nasdaq: BOXL) has scheduled its Third Quarter 2024 earnings conference call for Wednesday, November 13, 2024, at 4:30 p.m. Eastern Time. The interactive technology solutions provider will host the call with dial-in options available for both domestic (1-888-506-0062) and international (1-973-528-0011) participants using access code 971820. A webcast will be available, and a replay of the call can be accessed until November 27, 2024, using dedicated replay numbers.

Boxlight (Nasdaq: BOXL), a provider of interactive technology solutions, announced its Q2 2024 financial results. Revenue decreased by 18.1% to $38.5 million compared to the prior year, with a net loss of $1.5 million, up from $0.8 million. The gross profit margin slightly decreased to 37.7% from 37.9%. Adjusted EBITDA dropped to $3.7 million from $5.4 million. The company ended the quarter with $7.5 million in cash and $46.7 million in working capital. New products launched include UNITY, TimeSign, and STEM Robo 3D, aimed at enhancing classroom technology. Boxlight continues to reduce expenses and anticipates future growth despite challenging market conditions.

Boxlight (Nasdaq: BOXL), a leading provider of interactive technology solutions, has announced its upcoming Second Quarter 2024 earnings conference call. The call is scheduled for Wednesday, August 7, 2024, at 4:30 p.m. Eastern Time. Investors and interested parties can participate via phone or webcast. For those unable to attend live, a replay will be available until August 21, 2024. This event provides an opportunity for stakeholders to gain insights into Boxlight's financial performance and future outlook.

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.