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BOXL

Boxlight Corporation

BOXL

Boxlight Corporation NASDAQ
$0.91 0.31% (+0.00)

Market Cap $2.56 M
52w High $10.65
52w Low $0.73
Dividend Yield 0%
P/E -0.07
Volume 26.28K
Outstanding Shares 2.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $29.337M $12.479M $-6.184M -21.079% $-1.88 $-1.065M
Q2-2025 $30.852M $14.702M $-4.719M -15.296% $-1.53 $717K
Q1-2025 $22.423M $10.951M $-3.243M -14.463% $-1.41 $1.557M
Q4-2024 $23.996M $23.574M $-16.707M -69.624% $-8.64 $-2.512M
Q3-2024 $36.289M $13.111M $-3.061M -8.435% $-1.72 $1.552M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $11.812M $99.59M $90.544M $9.046M
Q2-2025 $7.608M $99.201M $91.321M $7.88M
Q1-2025 $8.077M $108.696M $124.511M $-15.815M
Q4-2024 $8.007M $115.305M $128.201M $-12.896M
Q3-2024 $10.493M $141.395M $134.853M $6.542M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-6.184M $1.292M $1K $2.427M $4.204M $1.293M
Q2-2025 $-4.719M $1.58M $-32K $-1.3M $-469K $1.548M
Q1-2025 $-3.243M $-4.68M $-127K $4.608M $70K $-4.807M
Q4-2024 $-16.707M $1.65M $-227K $-2.764M $-2.486M $1.423M
Q3-2024 $-3.061M $5.22M $132K $-2.963M $2.979M $5.352M

Revenue by Products

Product Q2-2024Q3-2024Q2-2025Q3-2025
Product
Product
$40.00M $30.00M $30.00M $30.00M
Service
Service
$0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been small and has actually slipped over the last couple of years, suggesting the business is not yet scaling meaningfully. Gross profit exists, so the products appear to have some pricing power, but operating costs eat up that margin, leading to recurring operating and net losses. A brief brush with break-even a few years ago has not been sustained, and recent results show losses widening again. The very large negative earnings per share figures are also influenced by repeated reverse stock splits and equity dilution, not just business performance.


Balance Sheet

Balance Sheet The balance sheet has weakened over time. Total assets have been drifting down, cash reserves are thin, and debt has stayed roughly the same in absolute terms, which makes it feel heavier as the company shrinks. Equity has swung from positive to negative, meaning Boxlight now has a stockholders’ deficit, a clear sign of financial strain and limited cushion against future setbacks. The recent reverse splits also point to ongoing pressure on the company’s market value and capital structure.


Cash Flow

Cash Flow Cash generation is very modest. Operating cash flow has hovered around break-even, with only a slight positive patch, and free cash flow mirrors that pattern because capital spending is minimal. This means the business is not burning cash aggressively, but it also is not producing the kind of steady cash needed to comfortably reduce debt or build reserves. As a result, Boxlight likely remains dependent on external financing or improved profitability to strengthen its financial position.


Competitive Edge

Competitive Edge Boxlight competes in a crowded education technology market against larger, well-funded rivals. Its main edge is a tightly integrated ecosystem of displays, audio, software, and safety tools that can cover an entire school campus, which creates switching costs once a district is fully onboarded. Professional development and training deepen relationships and make customers more “sticky.” Still, the company’s small size, financial weakness, and exposure to school budget cycles leave it vulnerable to price competition, longer sales cycles, and aggressive moves by bigger players.


Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. Boxlight has invested in Google-certified interactive displays, AI-enabled classroom tools, campus-wide safety and communication systems, and STEM/robotics offerings, all designed to work together. Its ATTENTION! safety ecosystem and Google EDLA-certified displays give it some distinctive hooks, and patents around screen sharing and related tech add a layer of protection. The key uncertainty is whether these innovations can be translated into sustained growth and margin improvement fast enough to offset the company’s financial pressures.


Summary

Boxlight combines a compelling education technology vision with a fragile financial base. On the positive side, it offers an integrated hardware–software–services ecosystem, strong alignment with Google-based schools, differentiated safety solutions, and tailored teacher training, all of which can foster long-term customer relationships and high switching costs. On the risk side, revenue has stalled, losses have persisted, the balance sheet has deteriorated into a deficit position, and repeated reverse splits signal ongoing equity stress. The company’s future hinges on converting its product and innovation strengths into durable growth and clear profitability while repairing its capital structure and maintaining access to funding.