Boxlight Corp (BOXL)
NASDAQ:BOXL
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Boxlight
(NASDAQ:BOXL)
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Rating:40Underperform
Price Target:
$0.73
▲(5.36% Upside)
Action:Downgraded
Date:05/16/26
The score is primarily weighed down by weak financial performance (ongoing losses, negative equity, and cash burn) and a bearish technical setup (price below key moving averages with negative MACD). Valuation is also unfavorable because losses make the P/E unhelpful and there is no dividend support, while the Nasdaq listing compliance notice adds incremental downside risk.
Positive Factors
Product and Revenue Mix
Boxlight’s business combines hardware, classroom software/platforms and installation/support services. That diversified mix creates cross‑sell opportunities, supports recurring software/service revenue potential and raises customer switching costs, improving revenue resilience over months.
Negative Factors
Negative Equity
Stockholders’ equity below zero signals an impaired capital base and reduces financial flexibility. Negative equity complicates raising capital, distorts leverage metrics, and increases creditor and covenant risk, making sustained investment or recovery harder without external financing or material profit improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Product and Revenue Mix
Boxlight’s business combines hardware, classroom software/platforms and installation/support services. That diversified mix creates cross‑sell opportunities, supports recurring software/service revenue potential and raises customer switching costs, improving revenue resilience over months.
Read all positive factors
Boxlight (BOXL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.63M
Dividend YieldN/A
Average Volume (3M)9.31M
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth-9.86%
EPS Growth60.61%
CountryUS
Employees159
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-33.53
Shares Outstanding4,001,707
10 Day Avg. Volume251,466
30 Day Avg. Volume9,314,629
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.85
Price to Sales (P/S)0.00982
P/FCF Ratio-0.31
Enterprise Value/Market Cap9.67
Enterprise Value/Revenue0.32
Enterprise Value/Gross Profit1.17
Enterprise Value/Ebitda-4.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-17.37
Revenue Forecast (FY)$110.00M
Boxlight Business Overview & Revenue Model
Company Description
Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company prov...
How the Company Makes Money
Boxlight makes money primarily by selling education-focused hardware and software used in classrooms and meeting spaces. Key revenue streams include: (1) product sales of interactive displays and related classroom hardware (e.g., interactive flat ...
Boxlight Earnings Call Summary
Earnings Call Date:Nov 13, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
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.Positive Updates
Debt Repayment Achievement
Boxlight successfully repaid a $4 million bridge loan earlier than required, highlighting effective financial management.
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.
Read all updates
Q3-2024 Updates
Positive
Negative
Debt Repayment Achievement
Boxlight successfully repaid a $4 million bridge loan earlier than required, highlighting effective financial management.
Read all positive updates
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
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
15
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 109.25M | 135.89M | 176.72M | 221.78M | 185.18M |
| Gross Profit | 33.63M | 46.94M | 63.30M | 64.87M | 46.52M |
| EBITDA | -4.42M | 537.00K | -17.59M | 15.36M | 65.00K |
| Net Income | -23.81M | -28.34M | -39.16M | -3.74M | -13.80M |
Balance Sheet | |||||
| Total Assets | 97.54M | 115.31M | 158.57M | 195.40M | 201.44M |
| Cash, Cash Equivalents and Short-Term Investments | 9.37M | 8.01M | 17.25M | 14.59M | 17.94M |
| Total Debt | 41.54M | 45.59M | 49.28M | 48.98M | 51.94M |
| Total Liabilities | 96.29M | 128.20M | 113.31M | 143.50M | 148.13M |
| Stockholders Equity | 1.25M | -12.90M | 45.26M | 51.89M | 53.30M |
Cash Flow | |||||
| Free Cash Flow | -3.44M | -945.00K | 10.26M | 84.00K | -2.62M |
| Operating Cash Flow | -3.33M | -439.00K | 11.58M | 1.19M | -2.33M |
| Investing Cash Flow | -102.00K | -506.00K | -1.32M | -1.21M | -34.01M |
| Financing Cash Flow | 3.39M | -7.14M | -8.01M | -5.13M | 41.15M |
Boxlight Technical Analysis
Neutral
0.69
Price Trends
1.04
Negative
1.23
Negative
4.94
Negative
Market Momentum
-0.04
Negative
47.80
Neutral
89.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOXL, the sentiment is Neutral. The current price of 0.69 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 1.04, and below the 200-day MA of 4.94, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 47.80 is Neutral, neither overbought nor oversold. The STOCH value of 89.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
UnderperformOutperform
Sector (61)
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 | $127.20M | -18.22 | -17.50% | ― | 149.18% | 54.90% | |
55 Neutral | $138.21M | -186.44 | -3.58% | ― | 9.13% | 81.23% | |
54 Neutral | $93.67M | -13.42 | -23.40% | ― | -12.17% | 18.82% | |
51 Neutral | $6.06M | -38.64 | -7.48% | ― | 0.23% | 86.90% | |
41 Neutral | $8.62M | -0.32 | -157.60% | ― | -80.99% | -113.71% | |
40 Underperform | $3.63M | -0.02 | -139.93% | ― | -9.86% | 60.61% |
* Technology Sector Average
BOXL
Boxlight
0.91
-9.59
-91.37%
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Boxlight Corporate Events
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Boxlight Faces Nasdaq Notice Over Listing Compliance Shortfall
Negative
Apr 23, 2026
On April 20, 2026, Boxlight Corporation disclosed that Nasdaq had notified the company its stockholders’ equity, reported at $1,255,000 in its Form 10-K for the year ended December 31, 2025, fell short of the $2,500,000 minimum required for ...
Private Placements and FinancingRegulatory Filings and Compliance
Boxlight Amends Financing Deal, Converts Debt to Equity
Neutral
Apr 7, 2026
On April 1, 2026, Boxlight Corporation amended an existing inventory finance agreement with Utah-based J.J. Astor Co., converting $556,200 of outstanding debt into 600,000 shares of common stock at a price of $0.927 per share. Under the amended t...
Executive/Board ChangesRegulatory Filings and Compliance
Boxlight CEO Resigns, Board Regains Nasdaq Compliance
Neutral
Feb 23, 2026
Boxlight Corporation announced that its Chief Executive Officer and Director, Dale Strang, has resigned from both roles, altering the composition of the company’s leadership and board. As a result of Strang’s departure from the board, ...
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.