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Boxlight
(NASDAQ:BOXL)
Boxlight (BOXL) vs. SPDR S&P 500 ETF (SPY)
Boxlight Business Overview & Revenue Model
Boxlight Earnings Call Summary
Boxlight Financial Statement Overview
| 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
Boxlight Risk Analysis
Boxlight Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | $67.84M | -7.59 | -27.13% | ― | 93.47% | 37.19% | |
51 Neutral | $48.19M | -7.79 | -19.65% | ― | -1.53% | 55.08% | |
49 Neutral | $7.16M | -15.90 | -7.48% | ― | -1.49% | 76.04% | |
44 Neutral | $12.60M | -0.41 | -75.61% | ― | -42.90% | -427.39% | |
42 Neutral | $36.90M | -21.93 | -6.86% | ― | 9.55% | 65.17% | |
37 Underperform | $1.62M | -0.02 | -139.93% | ― | -29.26% | 14.40% |
Boxlight Corporate Events
On December 18, 2025, Boxlight Corporation entered into an Eleventh Amendment to its existing credit agreement with Whitehawk Finance, covering approximately $32.2 million of indebtedness and expected to become effective by January 31, 2026. The amendment extends the loan maturity from December 31, 2025 to April 1, 2027, suspends mandatory quarterly amortization payments on the initial term loan until June 30, 2026, adjusts interest rate definitions, replaces a senior leverage ratio covenant with a minimum consolidated adjusted EBITDA test starting in the first quarter of 2026, tightens cash balance requirements, adds governance and oversight covenants, modifies mandatory prepayment rules tied to capital raises, and allows limited over-advances, collectively providing short- to medium-term liquidity relief while increasing operational and financial discipline for creditors and shareholders. In a parallel move to advance its strategic priorities and restore a majority-independent board under NASDAQ rules, Boxlight’s board initiated a leadership transition under which Chief Executive Officer and director Dale Strang will step down effective February 17, 2026, with his departure treated as a termination without cause and accompanied by contractual severance, COBRA contributions, and potential LTIP payments, ensuring an orderly handover of responsibilities for management and governance stakeholders.
The most recent analyst rating on (BOXL) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.
On December 19, 2025, Boxlight Corporation announced that its board had approved a 1-for-6 reverse stock split of its Class A common stock, effective at 5:00 p.m. Eastern Time on December 22, 2025, with trading on a split-adjusted basis on Nasdaq under the existing ticker “BOXL” beginning December 23, 2025. The move, which does not require stockholder approval under Nevada law, is designed to lift the company’s share price above $1 and help maintain compliance with Nasdaq’s minimum bid requirement, reducing authorized Class A shares from 25 million to about 4.17 million while leaving preferred and Class B share authorizations unchanged; fractional shares will be rounded up, existing ownership percentages will remain largely intact, and all equity awards, warrants and convertible preferred stock will be proportionally adjusted, signaling a technical capital-structure action with implications for liquidity, listing status and investor perception but limited immediate impact on control or rights of current shareholders.
The most recent analyst rating on (BOXL) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.
On December 11, 2025, Rudolph Crew resigned as a director of Boxlight Corporation for personal reasons, with no disagreements on company matters. His departure left the company non-compliant with Nasdaq Rule 5605(b)(1), which mandates a majority of independent directors on the board. Boxlight has until June 9, 2026, to address this non-compliance.
The most recent analyst rating on (BOXL) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.
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.
The most recent analyst rating on (BOXL) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.
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.
The most recent analyst rating on (BOXL) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.
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.
The most recent analyst rating on (BOXL) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Boxlight stock, see the BOXL Stock Forecast page.
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.
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.
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.