BOXL
BOXL
Boxlight CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $29.34M ▼ | $12.48M ▼ | $-6.18M ▼ | -21.08% ▼ | $-11.28 ▼ | $-1.06M ▼ |
| Q2-2025 | $30.85M ▲ | $14.7M ▲ | $-4.72M ▼ | -15.3% ▼ | $-9.18 ▼ | $717K ▼ |
| Q1-2025 | $22.42M ▼ | $10.95M ▼ | $-3.24M ▲ | -14.46% ▲ | $-8.46 ▲ | $1.56M ▲ |
| Q4-2024 | $24M ▼ | $23.57M ▲ | $-16.71M ▼ | -69.62% ▼ | $-51.84 ▼ | $-2.51M ▼ |
| Q3-2024 | $36.29M | $13.11M | $-3.06M | -8.44% | $-10.32 | $1.55M |
What's going well?
The company managed to cut operating expenses by 15%, showing some cost discipline. R&D spending is steady, which could help future growth if new products succeed.
What's concerning?
Revenue is dropping, losses are getting bigger, and margins are shrinking. High interest costs and other expenses are making it hard for the company to get back to profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $11.81M ▲ | $99.59M ▲ | $90.54M ▼ | $9.05M ▲ |
| Q2-2025 | $7.61M ▼ | $99.2M ▼ | $91.32M ▼ | $7.88M ▲ |
| Q1-2025 | $8.08M ▲ | $108.7M ▼ | $124.51M ▼ | $-15.81M ▼ |
| Q4-2024 | $8.01M ▼ | $115.31M ▼ | $128.2M ▼ | $-12.9M ▼ |
| Q3-2024 | $10.49M | $141.4M | $134.85M | $6.54M |
What's financially strong about this company?
Cash increased by over 50% this quarter, and inventory levels are under control. Customers are prepaying more, which helps short-term cash flow.
What are the financial risks or weaknesses?
Debt is much higher than equity, and most of it is due soon. The company has a long history of losses, and liquidity is barely above minimum safe levels.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-6.18M ▼ | $1.29M ▼ | $1K ▲ | $2.43M ▲ | $4.2M ▲ | $1.29M ▼ |
| Q2-2025 | $-4.72M ▼ | $1.58M ▲ | $-32K ▲ | $-1.3M ▼ | $-469K ▼ | $1.55M ▲ |
| Q1-2025 | $-3.24M ▲ | $-4.68M ▼ | $-127K ▲ | $4.61M ▲ | $70K ▲ | $-4.81M ▼ |
| Q4-2024 | $-16.71M ▼ | $1.65M ▼ | $-227K ▼ | $-2.76M ▲ | $-2.49M ▼ | $1.42M ▼ |
| Q3-2024 | $-3.06M | $5.22M | $132K | $-2.96M | $2.98M | $5.35M |
What's strong about this company's cash flow?
The company is still generating positive cash from its core business and has improved its cash position this quarter. Inventory reduction and better working capital management provided a big cash boost.
What are the cash flow concerns?
BOXL is running losses and had to issue new shares for $5.47 million to cover its needs, diluting shareholders. The cash boost from working capital is likely a one-time event, and ongoing losses mean more funding will be needed.
Revenue by Products
| Product | Q2-2024 | Q3-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Product | $40.00M ▲ | $30.00M ▼ | $30.00M ▲ | $30.00M ▲ |
Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q3-2024 | Q4-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Europe Middle East And Africa Segment | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ |
Q3 2024 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Boxlight Corporation's financial evolution and strategic trajectory over the past five years.
Boxlight’s key strengths lie in its integrated ecosystem of displays, audio, software, and safety solutions tailored to education and corporate settings. It offers a one‑stop solution that can simplify technology management for schools, backed by professional development and strong channel relationships. The company has demonstrated an ability to grow revenue quickly in favorable periods and continues to invest in forward‑looking areas like AI‑assisted learning, campus safety, and STEM tools.
The primary risks are financial and operational. The company has a history of sizable losses, a shrinking balance‑sheet cushion, negative equity, and weakening liquidity, all of which signal elevated financial distress. Cash flows are volatile and often negative, and leverage remains high relative to its reduced asset base. On the commercial side, Boxlight faces intense competition, long and uncertain sales cycles in education, and rapid technology shifts that demand ongoing investment. Together, these factors create meaningful execution and solvency risk.
The outlook hinges on Boxlight’s ability to stabilize revenue, streamline its cost structure, and strengthen its balance sheet while still funding the innovation that underpins its competitive story. If the company can translate its ecosystem and safety‑focused offerings into steadier, higher‑margin sales, its position in the education technology market could improve. However, given current financial pressures, the path forward appears challenging and will likely require disciplined execution, careful capital management, and potentially strategic partnerships or balance‑sheet actions to support long‑term viability.
About Boxlight Corporation
https://boxlight.comBoxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $29.34M ▼ | $12.48M ▼ | $-6.18M ▼ | -21.08% ▼ | $-11.28 ▼ | $-1.06M ▼ |
| Q2-2025 | $30.85M ▲ | $14.7M ▲ | $-4.72M ▼ | -15.3% ▼ | $-9.18 ▼ | $717K ▼ |
| Q1-2025 | $22.42M ▼ | $10.95M ▼ | $-3.24M ▲ | -14.46% ▲ | $-8.46 ▲ | $1.56M ▲ |
| Q4-2024 | $24M ▼ | $23.57M ▲ | $-16.71M ▼ | -69.62% ▼ | $-51.84 ▼ | $-2.51M ▼ |
| Q3-2024 | $36.29M | $13.11M | $-3.06M | -8.44% | $-10.32 | $1.55M |
What's going well?
The company managed to cut operating expenses by 15%, showing some cost discipline. R&D spending is steady, which could help future growth if new products succeed.
What's concerning?
Revenue is dropping, losses are getting bigger, and margins are shrinking. High interest costs and other expenses are making it hard for the company to get back to profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $11.81M ▲ | $99.59M ▲ | $90.54M ▼ | $9.05M ▲ |
| Q2-2025 | $7.61M ▼ | $99.2M ▼ | $91.32M ▼ | $7.88M ▲ |
| Q1-2025 | $8.08M ▲ | $108.7M ▼ | $124.51M ▼ | $-15.81M ▼ |
| Q4-2024 | $8.01M ▼ | $115.31M ▼ | $128.2M ▼ | $-12.9M ▼ |
| Q3-2024 | $10.49M | $141.4M | $134.85M | $6.54M |
What's financially strong about this company?
Cash increased by over 50% this quarter, and inventory levels are under control. Customers are prepaying more, which helps short-term cash flow.
What are the financial risks or weaknesses?
Debt is much higher than equity, and most of it is due soon. The company has a long history of losses, and liquidity is barely above minimum safe levels.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-6.18M ▼ | $1.29M ▼ | $1K ▲ | $2.43M ▲ | $4.2M ▲ | $1.29M ▼ |
| Q2-2025 | $-4.72M ▼ | $1.58M ▲ | $-32K ▲ | $-1.3M ▼ | $-469K ▼ | $1.55M ▲ |
| Q1-2025 | $-3.24M ▲ | $-4.68M ▼ | $-127K ▲ | $4.61M ▲ | $70K ▲ | $-4.81M ▼ |
| Q4-2024 | $-16.71M ▼ | $1.65M ▼ | $-227K ▼ | $-2.76M ▲ | $-2.49M ▼ | $1.42M ▼ |
| Q3-2024 | $-3.06M | $5.22M | $132K | $-2.96M | $2.98M | $5.35M |
What's strong about this company's cash flow?
The company is still generating positive cash from its core business and has improved its cash position this quarter. Inventory reduction and better working capital management provided a big cash boost.
What are the cash flow concerns?
BOXL is running losses and had to issue new shares for $5.47 million to cover its needs, diluting shareholders. The cash boost from working capital is likely a one-time event, and ongoing losses mean more funding will be needed.
Revenue by Products
| Product | Q2-2024 | Q3-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Product | $40.00M ▲ | $30.00M ▼ | $30.00M ▲ | $30.00M ▲ |
Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q3-2024 | Q4-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Europe Middle East And Africa Segment | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ |
Q3 2024 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Boxlight Corporation's financial evolution and strategic trajectory over the past five years.
Boxlight’s key strengths lie in its integrated ecosystem of displays, audio, software, and safety solutions tailored to education and corporate settings. It offers a one‑stop solution that can simplify technology management for schools, backed by professional development and strong channel relationships. The company has demonstrated an ability to grow revenue quickly in favorable periods and continues to invest in forward‑looking areas like AI‑assisted learning, campus safety, and STEM tools.
The primary risks are financial and operational. The company has a history of sizable losses, a shrinking balance‑sheet cushion, negative equity, and weakening liquidity, all of which signal elevated financial distress. Cash flows are volatile and often negative, and leverage remains high relative to its reduced asset base. On the commercial side, Boxlight faces intense competition, long and uncertain sales cycles in education, and rapid technology shifts that demand ongoing investment. Together, these factors create meaningful execution and solvency risk.
The outlook hinges on Boxlight’s ability to stabilize revenue, streamline its cost structure, and strengthen its balance sheet while still funding the innovation that underpins its competitive story. If the company can translate its ecosystem and safety‑focused offerings into steadier, higher‑margin sales, its position in the education technology market could improve. However, given current financial pressures, the path forward appears challenging and will likely require disciplined execution, careful capital management, and potentially strategic partnerships or balance‑sheet actions to support long‑term viability.

CEO
Dale W. Strang
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-12-23 | Reverse | 1:6 |
| 2025-02-18 | Reverse | 1:5 |
ETFs Holding This Stock
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Ratings Snapshot
Rating : C
Most Recent Analyst Grades
Grade Summary
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Price Target
Institutional Ownership
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