Boxlight reports Q1 EPS ($1.41) vs ($3.81) last year

Reports Q1 revenue $22.4M, down 39.5% year-over-year. “Boxlight (BOXL) is strategically focusing on operational efficiency and expanding our commercial ecosystem ahead of the next spending cycle,” said Dale Strang, Chief Executive Officer. “Our entire industry is dealing with near-term demand challenges due in large part to government upheaval and related budgetary uncertainty, while changes in global trade policies continue to impact component costs. Thankfully, due to our diverse mix of audio, video and software solutions in conjunction with a geographically distributed revenue base, Boxlight is better positioned than others in the industry. Our diversified offerings, multinational supply chain, and strong installed base of customers give us a solid foundation for growth as the industry evolves in the coming months.”