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Boxlight Corp (BOXL)
NASDAQ:BOXL
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Boxlight (BOXL) AI Stock Analysis

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BOXL

Boxlight

(NASDAQ:BOXL)

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Underperform 40 (OpenAI - 4o)
Rating:40Underperform
Price Target:
$1.50
▼(-10.71% Downside)
Boxlight's overall stock score reflects significant financial and technical challenges. The company's financial performance is the most critical factor, with declining revenues, high leverage, and liquidity issues. Technical analysis indicates bearish momentum, while valuation metrics highlight ongoing losses and lack of income potential. Without positive earnings call insights or corporate events, the stock remains a high-risk investment.
Positive Factors
Regained Nasdaq Compliance
Regaining compliance with Nasdaq listing standards is crucial for Boxlight's credibility and access to capital markets, supporting long-term financial stability.
Partnerships and Market Reach
Strategic partnerships expand Boxlight's market presence and drive revenue growth by leveraging collaborative opportunities in the education sector.
Demand for Digital Learning Tools
Increased demand for digital learning solutions positions Boxlight to capitalize on evolving educational trends, supporting sustainable revenue growth.
Negative Factors
Declining Revenues
Declining revenues indicate challenges in maintaining market share and competitiveness, necessitating strategic changes to reverse negative trends.
High Leverage
High leverage increases financial risk and limits flexibility, potentially impacting Boxlight's ability to invest in growth and innovation.
Negative Cash Flow Growth
Negative cash flow growth highlights liquidity challenges, affecting Boxlight's capacity to fund operations and invest in strategic initiatives.

Boxlight (BOXL) vs. SPDR S&P 500 ETF (SPY)

Boxlight Business Overview & Revenue Model

Company DescriptionBoxlight (BOXL) is a leading provider of interactive technology solutions that cater primarily to the education sector. The company specializes in the design, development, and distribution of a range of products, including interactive displays, projectors, and software that enhance teaching and learning experiences. Boxlight's solutions aim to foster engagement and collaboration in classrooms, making it an essential player in the integration of technology in education.
How the Company Makes MoneyBoxlight generates revenue through multiple streams, primarily through the sale of hardware products such as interactive displays and projectors, along with associated software solutions. The company also earns income from service contracts, including installation, technical support, and training services for educators and institutions. Significant partnerships with educational institutions and technology providers enhance Boxlight's market reach and contribute to its earnings. Additionally, the growing demand for digital learning tools in the wake of increased remote education has bolstered Boxlight's sales, allowing the company to capitalize on evolving market trends.

Boxlight Earnings Call Summary

Earnings Call Date:Aug 13, 2025
(Q3-2024)
|
% Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Negative
The earnings call presented a mixed view, with Boxlight emphasizing strategic achievements such as debt repayment and global brand restructuring. However, these were overshadowed by significant revenue declines, reduced profit margins, and enduring market softness, especially in the U.S. Despite these challenges, the company remains optimistic about long-term opportunities in education and enterprise markets.
Q3-2024 Updates
Positive Updates
Debt Repayment Achievement
Boxlight successfully repaid a $4 million bridge loan earlier than required, highlighting effective financial management.
Brand Restructuring for Market Expansion
Boxlight is restructuring its major product lines under three solution categories, aiming for market expansion and improved supply chain efficiency with the Clevertouch, FrontRow, and Mimio brands.
Product and Solution Expansion
Boxlight launched the upgraded IMPACT Max 2 interactive panel and announced new partnerships, such as Clevertouch Edge winning a Pro AV Best in Market Award for 2024 and achieving Cyber Essentials certification.
European Market Performance
Positive returns in European markets, with Germany and Belgium showing a 29% and 18% increase in Q3, respectively.
Negative Updates
Significant Revenue Decline
Revenues for Q3 2024 were $36.3 million, a 26.9% decrease compared to $49.7 million in Q3 2023.
Decreased Gross Profit Margin
Gross profit for Q3 2024 was $12.3 million with a margin of 33.8%, a decrease of 250 basis points from the previous year.
Net Loss Reported
The company reported a net loss of $3.1 million or $0.34 per share for Q3 2024.
IFPD Demand Softness in US
Interactive Flat Panel Display (IFPD) demand remains soft, particularly in the U.S., affecting revenue.
Non-Compliance with Credit Agreement
Boxlight was not in compliance with its senior leverage ratio covenant for Q3, requiring a waiver from lenders.
Company Guidance
During the Boxlight Corporation's Q3 2024 earnings call, the company provided detailed guidance on various strategic and financial metrics. The primary focus was on streamlining operations by simplifying its brand structure into three solution categories: Clevertouch for IFPD and display products, FrontRow for audio and communication solutions, and Mimio and EOS for STEM solutions, all under the "By Boxlight" umbrella. This restructuring aims to enhance operational efficiencies, resulting in expected operating expenses of $12 to $13 million per quarter by year-end, despite the industry's ongoing revenue headwinds. The company reported a 26.9% revenue decrease to $36.3 million compared to Q3 2023, with a gross profit margin decrease of 250 basis points to 33.8%. Furthermore, Boxlight repaid a $4 million bridge loan and emphasized its commitment to meeting profitability targets despite challenging market conditions, particularly in the U.S., where IFPD demand remains soft. However, the company expressed optimism about market recovery, especially in EMEA, where revenues in Germany and Belgium increased by 29% and 18%, respectively.

Boxlight Financial Statement Overview

Summary
Boxlight faces substantial financial challenges across all key areas. The income statement shows declining revenues and persistent losses, while the balance sheet reveals high leverage and negative equity returns. Cash flow metrics further underscore liquidity issues. The company needs strategic interventions to enhance revenue growth, improve profitability, and stabilize its financial position.
Income Statement
35
Negative
Boxlight's income statement reveals significant challenges. The company has experienced declining revenues with a negative revenue growth rate of -6.32% in the TTM period. Profitability metrics are concerning, with a negative net profit margin of -20.46% and EBIT margin of -13.23%. The gross profit margin has decreased to 33.10% from previous periods. These figures indicate ongoing operational difficulties and a need for strategic improvements to reverse the negative trends.
Balance Sheet
40
Negative
The balance sheet shows a high debt-to-equity ratio of 3.77, indicating significant leverage and potential financial risk. The return on equity is negative at -234.39%, reflecting poor profitability relative to shareholder equity. The equity ratio stands at 28.75%, suggesting moderate reliance on equity financing. Overall, the balance sheet highlights financial instability and the need for improved capital management.
Cash Flow
30
Negative
Cash flow analysis indicates a challenging situation for Boxlight. The free cash flow growth rate is significantly negative at -211.74%, and the operating cash flow to net income ratio is -0.04, suggesting inefficiencies in converting income into cash. The free cash flow to net income ratio is slightly positive at 1.04, indicating some ability to generate cash relative to net losses. However, overall cash flow performance is weak, requiring attention to improve liquidity.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue113.56M135.89M176.72M221.78M185.18M54.89M
Gross Profit24.09M46.94M63.30M64.87M46.52M9.87M
EBITDA-7.78M537.00K-17.59M15.37M46.00K-11.61M
Net Income-28.05M-28.34M-39.16M-3.74M-13.80M-16.15M
Balance Sheet
Total Assets99.20M115.31M158.57M195.40M201.44M140.40M
Cash, Cash Equivalents and Short-Term Investments7.61M8.01M17.25M14.59M17.94M13.46M
Total Debt47.43M45.59M49.28M48.98M51.94M24.65M
Total Liabilities91.32M128.20M113.31M114.99M119.63M66.66M
Stockholders Equity28.51M-12.90M45.26M80.40M81.81M73.74M
Cash Flow
Free Cash Flow3.67M-945.00K10.26M84.00K-2.62M-4.93M
Operating Cash Flow3.77M-439.00K11.58M1.19M-2.33M-4.66M
Investing Cash Flow-254.00K-506.00K-1.32M-1.21M-34.01M-45.32M
Financing Cash Flow-2.42M-7.14M-8.01M-5.13M41.15M65.58M

Boxlight Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.68
Price Trends
50DMA
2.01
Negative
100DMA
2.01
Negative
200DMA
2.12
Negative
Market Momentum
MACD
-0.14
Positive
RSI
42.04
Neutral
STOCH
18.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOXL, the sentiment is Negative. The current price of 1.68 is below the 20-day moving average (MA) of 2.02, below the 50-day MA of 2.01, and below the 200-day MA of 2.12, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 42.04 is Neutral, neither overbought nor oversold. The STOCH value of 18.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOXL.

Boxlight Risk Analysis

Boxlight disclosed 43 risk factors in its most recent earnings report. Boxlight reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Boxlight Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$37.18B12.37-10.20%1.83%8.50%-7.62%
$9.24M-17.94%-9.89%27.28%
$69.63M-5.41%12.67%80.62%
$69.95M-30.53%58.04%21.09%
$49.04M-7.02-21.97%6.84%49.74%
$8.77M-0.72-57.64%-35.27%-227.55%
$9.59M-0.13-126.41%-30.79%43.48%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BOXL
Boxlight
1.68
-0.60
-26.32%
CLRO
Clearone Communications
5.06
-3.64
-41.84%
OCC
Optical Cable
7.85
5.54
239.83%
AIRG
Airgain
4.12
-5.55
-57.39%
AMPG
AmpliTech Group
3.40
2.38
233.33%
MITQ
Moving iMage Technologies
0.93
0.25
36.76%

Boxlight Corporate Events

Private Placements and Financing
Boxlight Enters Sales Agreement for Stock Offering
Neutral
Oct 16, 2025

On October 16, 2025, Boxlight Corporation entered into a sales agreement with A.G.P./Alliance Global Partners to issue and sell up to $4.8 million of its Class A Common Stock through an ‘at the market offering’ program. This agreement allows Boxlight to raise capital by selling shares at market prices, with the agent receiving a 3% commission on gross proceeds. The offering will terminate upon reaching the $4.8 million cap, the expiration of the registration statement, or mutual termination of the agreement.

The most recent analyst rating on (BOXL) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Executive/Board Changes
Boxlight Appoints Ryan Zeek as New CFO
Positive
Oct 14, 2025

Boxlight Corporation has appointed Ryan Zeek as its new Chief Financial Officer effective October 8, 2025. Zeek brings a wealth of experience from his previous roles at Incident IQ and Crawford & Company, and holds a strong academic background in accountancy. His appointment includes a comprehensive employment agreement with a base salary, performance-based bonus, and participation in equity incentive and employee benefit plans. This strategic appointment is expected to enhance Boxlight’s financial leadership and operational efficiency.

The most recent analyst rating on (BOXL) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Boxlight Regains Nasdaq Compliance with Strategic Moves
Positive
Oct 14, 2025

On October 8, 2025, Boxlight Corporation announced it had regained compliance with Nasdaq’s listing standards, including requirements for stockholders’ equity, independent directors, and audit committee composition. This compliance was achieved through strategic financial maneuvers, such as increasing authorized shares, raising funds through stock offerings, and modifying stock terms. The company had previously reported on August 14, 2025, its compliance with board composition rules and on October 3, 2025, its compliance with audit committee standards. These developments are crucial for maintaining its Nasdaq listing, impacting its market position and stakeholder confidence.

The most recent analyst rating on (BOXL) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Boxlight Regains Compliance with Nasdaq Listing Standards
Positive
Oct 3, 2025

Boxlight Corporation has successfully regained compliance with Nasdaq’s listing standards, particularly the Equity Rule, by increasing its stockholders’ equity to at least $2.5 million. This was achieved through several strategic financial maneuvers, including a stock offering, warrant exercises, and modifications to its preferred stock terms. Additionally, the company has ensured compliance with other Nasdaq rules by appointing independent directors and enhancing its audit committee’s financial expertise. These actions collectively position Boxlight favorably within the market, although it awaits formal confirmation from Nasdaq regarding its compliance status.

The most recent analyst rating on (BOXL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Stock BuybackPrivate Placements and Financing
Boxlight Converts Series C Preferred Stock
Neutral
Oct 3, 2025

On October 1, 2025, Boxlight Corporation entered into an agreement to convert all outstanding shares of its Series C Preferred Stock into Class A Common Stock and amend the terms of its Series B Preferred Stock. The amendments include eliminating the conversion and redemption rights of Series B holders and adjusting the dividend accrual rates over the next few years. The company also committed to using a portion of future equity offerings to redeem or repurchase Series B Stock, subject to certain conditions.

The most recent analyst rating on (BOXL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Boxlight Announces $4 Million Stock Offering
Neutral
Sep 25, 2025

On September 23, 2025, Boxlight Corporation announced a registered direct offering of 1,333,333 shares of common stock at $3.00 per share, resulting in gross proceeds of approximately $4 million. The offering closed on September 24, 2025, and the proceeds are intended for working capital and debt reduction. The company has agreed to certain restrictions on issuing additional shares for a period following the offering, and directors and officers are under lock-up agreements for 45 days post-closing. This move is part of Boxlight’s strategy to stabilize its financial position amidst challenges such as potential Nasdaq delisting due to noncompliance with equity requirements.

The most recent analyst rating on (BOXL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and Compliance
Boxlight Appoints New Directors to Regain Compliance
Neutral
Aug 14, 2025

Boxlight Corporation announced the appointment of Carine Clark and Peter Fittin as independent directors, effective August 9, 2025, with terms expiring at the 2026 annual meeting. James Mark Elliott was also elected as a non-executive director on August 14, 2025, after previously resigning in June to help the company address non-compliance with Nasdaq’s majority-independent board requirement. These appointments are part of Boxlight’s efforts to regain compliance with Nasdaq listing standards, following the resignation of directors earlier in the year that led to non-compliance issues. The company has until November 19, 2025, to address other compliance matters, including audit committee requirements and financial listing standards, which could impact its stock market presence and capital-raising abilities.

The most recent analyst rating on (BOXL) stock is a Buy with a $6.25 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Boxlight Reports Q2 2025 Financial Results and Outlook
Aug 14, 2025

Boxlight Corporation is a prominent provider of interactive technology solutions, specializing in enhancing engagement and communication across business and education sectors with its suite of interactive displays, collaboration software, and audio solutions.

Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Boxlight Shareholders Approve Key Proposals at Annual Meeting
Positive
Aug 12, 2025

On August 8, 2025, Boxlight Corporation held its annual meeting of shareholders where four key proposals were considered. These included the election of directors, ratification of independent auditors, approval of executive compensation, and an amendment to increase authorized shares of Class A common stock. The shareholders elected four directors, ratified the appointment of FORVIS MAZARS, LLP as auditors, approved executive compensation, and agreed to increase the number of authorized shares from 3,750,000 to 25,000,000. These decisions are likely to impact Boxlight’s operational and strategic direction, reflecting shareholder support for the company’s current management and future growth plans.

The most recent analyst rating on (BOXL) stock is a Buy with a $6.25 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Executive/Board Changes
Boxlight Appoints Brian D. Lane as Interim CFO
Neutral
Jul 28, 2025

Boxlight Corporation appointed Brian D. Lane as the Interim Chief Financial Officer effective July 22, 2025. Mr. Lane, a seasoned financial executive with a background in various industries, will continue his employment with SeatonHill Partners, a strategic CFO services firm, while serving Boxlight. Under the terms of the engagement, Boxlight will pay SeatonHill for Mr. Lane’s services without directly compensating him, ensuring continuity in financial leadership during this interim period.

The most recent analyst rating on (BOXL) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 22, 2025