Boxlight (BOXL) AI Stock Analysis

• Market Cap: $7.60M
• Dividend Yield: N/A
• Average Volume (3M): 9.31M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: -29.26%
• EPS Growth: 14.40%
• Country: US
• Employees: 159
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -1.88
• Shares Outstanding: 5,711,239
• 10 Day Avg. Volume: 251,466
• 30 Day Avg. Volume: 9,314,629
• PEG Ratio: <0.01
• Price to Book (P/B): -0.33
• Price to Sales (P/S): 0.03
• P/FCF Ratio: -4.55
• Enterprise Value/Market Cap: 9.76
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 2.14
• Enterprise Value/Ebitda: -56.89
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: $1.00 ▲(23.46% Upside)

Boxlight's overall stock score is heavily impacted by its poor financial performance and valuation, both scoring at the lowest end of the scale. Technical analysis also indicates bearish trends, contributing to the low score. While corporate events show some positive strategic moves, the financial challenges overshadow these developments.

Positive Factors

Strategic Partnerships

Partnerships expand geographic reach and customer segments, providing a durable competitive advantage in accessing diverse markets.

Revenue Streams

Diverse revenue streams from products and services provide stability and potential growth opportunities in the education sector.

Industry Focus

Focus on education technology positions Boxlight to benefit from increasing digital adoption in educational environments.

Negative Factors

Declining Revenue

Ongoing revenue decline and negative margins indicate challenges in maintaining market share and profitability.

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting long-term financial health.

Negative Cash Flow

Poor cash generation limits operational support and increases reliance on external financing, affecting sustainability.

Boxlight Business Overview & Revenue Model

Company Description

Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems under the Mimio and Clevertouch brands. It also offers MimioStudio Interactive Instructional software that enables the creation, editing, and presentation of interactive instructional lessons and activities; MimioMobile, a software accessory for MimioStudio; Oktopus Instructional and Whiteboarding software that enables the creation, editing, and presentation of interactive instructional lessons and activities; Notes+, a software accessory for use with Oktopus software; and GameZones and MimioInteract, which are multi-student interactive gaming software. In addition, the company provides MimioClarity, a classroom audio solution; Mimio MyBot system that bridges the gap between learning about robotics in the classroom and the application of robotics; Robo3D printers; MyStemKits, which offers standards-driven lesson plans for grades K-12 math and science teachers; MimioView document camera; MimioVote, a student assessment system; and MimioPad, a wireless pen tablet, as well as peripherals and accessories, such as amplified speaker systems, mobile carts, installation accessories, and wall-mount accessories for interactive and standard projectors, and LED flat panels. Further, it offers classroom training, professional development, and educator certification services. The company was formerly known as Logical Choice Corporation. Boxlight Corporation was founded in 1985 and is headquartered in Lawrenceville, Georgia.

How the Company Makes Money

Boxlight generates revenue through multiple streams, primarily from the sale of its educational technology products, including interactive displays and software solutions. The company also earns money through service contracts, installation, and training services, which are often bundled with hardware sales to provide a complete solution for educational institutions. Strategic partnerships with distributors and resellers enhance Boxlight's market reach, allowing the company to tap into various geographic regions and customer segments. Additionally, Boxlight benefits from grants and funding opportunities available for educational technology initiatives, which can further support its revenue growth.

Boxlight Financial Statement Overview

Summary

Boxlight faces significant financial challenges across all statements. The income statement shows declining revenue and negative margins, while the balance sheet highlights high leverage and low equity. Cash flow issues further exacerbate the situation, with negative cash flows and poor cash generation. Strategic initiatives are needed to improve profitability, reduce debt, and enhance cash flow stability.

Income Statement

Boxlight's income statement reveals significant challenges, with declining revenue and negative profit margins. The TTM data shows a revenue decline of 6.12% and a net profit margin of -24.70%, indicating ongoing profitability issues. The gross profit margin has decreased from 34.54% in 2024 to 21.21% in TTM, reflecting reduced efficiency in managing production costs. Overall, the income statement suggests a need for strategic improvements to reverse the negative trends.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio of 1.66 in TTM, suggesting significant leverage and potential financial risk. The equity ratio is low, with stockholders' equity making up a small portion of total assets. Return on equity is positive at 10.47% in TTM, but this is primarily due to negative equity in previous periods. The company needs to address its leverage to improve financial stability.

Cash Flow

Cash flow analysis shows negative operating and free cash flows in TTM, with a free cash flow growth rate of -111.42%. The operating cash flow to net income ratio is low at 0.06, indicating poor cash generation relative to net income. The company must enhance its cash flow management to support operations and reduce reliance on external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	106.61M	135.89M	176.72M	221.78M	185.18M	54.89M
Gross Profit	34.71M	46.94M	63.30M	64.87M	46.52M	9.87M
EBITDA	-1.30M	537.00K	-17.59M	15.36M	65.00K	-11.55M
Net Income	-30.85M	-28.34M	-39.16M	-3.74M	-13.80M	-16.15M
Balance Sheet
Total Assets	99.59M	115.31M	158.57M	195.40M	201.44M	139.95M
Cash, Cash Equivalents and Short-Term Investments	11.81M	8.01M	17.25M	14.59M	17.94M	13.46M
Total Debt	44.48M	45.59M	49.28M	48.98M	51.94M	24.65M
Total Liabilities	90.54M	128.20M	113.31M	143.50M	148.13M	95.48M
Stockholders Equity	9.05M	-12.90M	45.26M	51.89M	53.30M	44.47M
Cash Flow
Free Cash Flow	-543.00K	-945.00K	10.26M	84.00K	-2.62M	-4.93M
Operating Cash Flow	-158.00K	-439.00K	11.58M	1.19M	-2.33M	-4.66M
Investing Cash Flow	-385.00K	-506.00K	-1.32M	-1.21M	-34.01M	-45.32M
Financing Cash Flow	2.97M	-7.14M	-8.01M	-5.13M	41.15M	65.58M

Boxlight Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.81 is below the 20-day moving average (MA) of 0.94, below the 50-day MA of 1.50, and below the 200-day MA of 1.74, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 35.14 is Neutral, neither overbought nor oversold. The STOCH value of 55.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOXL.

Boxlight Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MITQ	59 Neutral	$7.65M	―	-7.48%	―	-1.49%	76.04%
OCC	54 Neutral	$71.41M	―	-5.41%	―	12.67%	80.62%
AMPG	52 Neutral	$68.52M	-6.49	-27.13%	―	93.47%	37.19%
AIRG	51 Neutral	$49.16M	-7.04	-19.65%	―	-1.53%	55.08%
CLRO	41 Neutral	$8.97M	-0.74	-75.61%	―	-42.90%	-427.39%
BOXL	38 Underperform	$7.60M	-0.10	-139.93%	―	-29.26%	14.40%

Boxlight Corporate Events

Boxlight Faces Financial Challenges with New Agreement

On December 2, 2025, Boxlight Corporation entered into a Forbearance Agreement and Tenth Amendment to its Credit Agreement with Whitehawk Finance LLC. The amendment addresses the company’s current indebtedness of approximately $32.2 million, which matures on December 31, 2025. Despite obtaining waivers for past noncompliance issues, Boxlight is not expected to repay the debt by the maturity date, posing a risk of insolvency and potential loss for common stockholders. The amendment includes various terms such as voluntary prepayment of loans, interest rate adjustments, and borrowing base reductions, with significant implications for the company’s financial stability and future operations.

Boxlight Amends Inventory Finance Agreement with J.J. Astor

Boxlight Corporation has amended its Inventory Finance Agreement with J.J. Astor, increasing the financing limit to $9 million for purchasing finished goods inventory. This amendment allows Boxlight to convert debt into common stock, potentially impacting its financial structure and market positioning.

Boxlight Reports Q3 2025 Financial Results Amid Challenges

On November 6, 2025, Boxlight Corporation reported its financial results for the third quarter ending September 30, 2025. The company experienced a 19.2% decrease in revenue compared to the prior year, with a net loss of $6.2 million. The decline was attributed to lower sales volume and increased tariffs, affecting gross profit margins. Despite these challenges, Boxlight launched new products and regained compliance with Nasdaq listing requirements. The company remains optimistic about future opportunities in the interactive technology market, particularly in education and corporate segments.

Boxlight Enters Sales Agreement for Stock Offering

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.

Boxlight Appoints Ryan Zeek as New CFO

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.

Boxlight Regains Nasdaq Compliance with Strategic Moves

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.

Boxlight Regains Compliance with Nasdaq Listing Standards

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.

Boxlight Converts Series C Preferred Stock

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.

Boxlight Announces $4 Million Stock Offering

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.