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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% | |
59 Neutral | $7.01M | -16.08 | -7.48% | ― | -1.49% | 76.04% | |
58 Neutral | $62.53M | -5.95 | -27.13% | ― | 93.47% | 37.19% | |
51 Neutral | $47.83M | -7.81 | -19.65% | ― | -1.53% | 55.08% | |
46 Neutral | $11.66M | -0.39 | -75.61% | ― | -42.90% | -427.39% | |
42 Neutral | $41.16M | -23.41 | -6.86% | ― | 9.55% | 65.17% | |
37 Underperform | $18.51M | -0.03 | -139.93% | ― | -29.26% | 14.40% |
Boxlight Corporate Events
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.
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.
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 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.
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.
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 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.
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 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.
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.
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.