Boxlight Corp Stock Price, News & Analysis

Boxlight Corporation (Nasdaq: BOXL) reported strong financial results for Q3 2022, with revenue increasing by 12.7% to $68.7 million compared to Q3 2021. Net income rose to $3.1 million, or $0.03 per diluted share, an improvement from $0.01 per share last year. Adjusted EBITDA improved by $2.7 million to $9.9 million. The company also reported $22 million in cash and $62.3 million in working capital. However, customer orders decreased by 14.3%.

Boxlight Corporation (Nasdaq: BOXL) will hold its Third Quarter 2022 results conference call on November 9, 2022, at 4:30 p.m. Eastern Time. Investors can join via dial-in or webcast with a participant access code of 951260. For those unable to attend live, a replay will be available until November 23, 2023. Boxlight is a provider of interactive technology solutions focusing on enhancing engagement in educational and business environments, offering products under brands like Clevertouch, FrontRow, and Mimio.

Boxlight Corporation (Nasdaq: BOXL) has received multiple Tech & Learning Best for Back-to-School 2022 Awards, highlighting its leadership in the educational technology market. Six of Boxlight’s solutions were recognized, including CleverLive and MimioConnect, which demonstrate versatility and effectiveness in enhancing learning environments. The awards reflect the company’s commitment to innovation and technology integration in education, aiming to empower educators and improve student outcomes.

Boxlight Corporation (Nasdaq: BOXL) reported a 27.5% revenue increase for Q2 2022, reaching $59.6 million, driven by strong customer demand and recent acquisitions. Customer orders also grew by 6.8% to $81.2 million. While net income improved to $26,000, adjusted EBITDA declined to $5.2 million. The company ended the quarter with $56.2 million in backorders and projects Q3 revenue exceeding $70 million. Full-year 2022 revenue guidance remains at $250 million with adjusted EBITDA of $26 million.

Boxlight Corporation (Nasdaq: BOXL) will announce its Second Quarter 2022 results on August 11, 2022, at 4:30 p.m. ET. The conference call will cover revenue and Adjusted EBITDA performance, company progress, and future expectations. Investors can join via dial-in (1-877-545-0320 for domestic, 1-973-528-0002 for international) and access the conference call replay until August 25, 2022. CEO Michael Pope highlights strong performance and insights into the second half of the year. More details are available on the company's website.

Boxlight Corporation (Nasdaq: BOXL) has entered into a securities purchase agreement with an institutional investor for approximately $5.0 million in common stock and warrants. The offering involves selling 7,352,940 shares at $0.68 per share, with warrants exercisable after six months. The transaction is expected to close around July 26, 2022. This offering is registered under a previously declared effective shelf registration statement. Maxim Group LLC serves as the sole placement agent for the offering.

Boxlight Corporation (Nasdaq: BOXL) has received six Tech & Learning Best of Show Awards at ISTELive 22 for its innovative educational products, including the MimioPro 4 interactive display and CleverLive digital signage platform. These awards highlight Boxlight’s commitment to transforming teaching and learning through technology. The ISTELive conference showcases cutting-edge educational technology, with judges recognizing products for value and usability. Boxlight emphasizes the significance of these awards in affirming its role in advancing K-12 education worldwide.

Boxlight Corporation (Nasdaq: BOXL) has launched ATTENTION!, an integrated AV campus communication solution that enhances announcements and alerts through simultaneous audio and video delivery across school displays and speakers. This system utilizes FrontRow Conductor and CleverLive services, ensuring effective communication during critical events like lockdowns and emergencies. By simplifying AV management, ATTENTION! improves communication efficiency in schools, making it easier for administrators to reach students and staff. This innovation underscores Boxlight's commitment to advancing educational technology.

Boxlight Corporation (Nasdaq: BOXL) has launched a redesigned website aimed at enhancing user experience for partners, customers, and investors. The new site features improved navigation, user-friendly resources, and information on Boxlight's solutions from brands like Clevertouch and Mimio. This initiative follows the debut of new products, including MimioPro 4 and the IMPACT Max display. Boxlight aims to solidify its position in the interactive technology market, supported by recognition as the Overall EdTech Company of the Year by EdTech Breakthrough.