Boxlight (BOXL) AI Stock Analysis

• Market Cap: $4.83M
• Dividend Yield: N/A
• Average Volume (3M): 14.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -30.79%
• EPS Growth: 43.48%
• Country: US
• Employees: 159
• Sector: Technology
• Sector Strength: 87
• Industry: Communication Equipment
• EPS (TTM): -1.26
• Shares Outstanding: 2,656,617
• 10 Day Avg. Volume: 6,835
• 30 Day Avg. Volume: 14,327
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 15.33
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 3.08
• Enterprise Value/Ebitda: -9.53
• 1Y Price Target: $1.50
• Price Target Upside: -17.58% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 41 Neutral
• Price Target: $1.50 ▼(-17.58% Downside)

Boxlight's overall stock score is primarily impacted by its weak financial performance and valuation metrics, which indicate significant operational and profitability challenges. Technical analysis suggests bearish momentum, further weighing on the stock's outlook. Corporate events provide a mixed view, with strategic support but compliance issues.

Positive Factors

Strategic Partnerships

Strategic partnerships expand market reach and bolster revenue streams, positioning Boxlight to capitalize on digital learning trends.

Shareholder Support

Shareholder approval of strategic proposals reflects confidence in management and supports future growth initiatives.

Leadership Changes

Experienced interim CFO can stabilize financial operations, providing strategic oversight during transition periods.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in market competitiveness and product demand, impacting long-term viability.

High Leverage

High leverage increases financial risk, limiting flexibility and potentially straining cash flow in adverse conditions.

Nasdaq Compliance Issues

Compliance issues with Nasdaq standards threaten market presence and capital-raising capabilities, impacting strategic operations.

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 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 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	113.56M	135.89M	176.72M	221.78M	185.18M	54.89M
Gross Profit	24.09M	46.94M	63.30M	64.87M	46.52M	9.87M
EBITDA	-7.78M	537.00K	-17.59M	15.37M	46.00K	-11.61M
Net Income	-28.05M	-28.34M	-39.16M	-3.74M	-13.80M	-16.15M
Balance Sheet
Total Assets	99.20M	115.31M	158.57M	195.40M	201.44M	140.40M
Cash, Cash Equivalents and Short-Term Investments	7.61M	8.01M	17.25M	14.59M	17.94M	13.46M
Total Debt	47.43M	45.59M	49.28M	48.98M	51.94M	24.65M
Total Liabilities	91.32M	128.20M	113.31M	114.99M	119.63M	66.66M
Stockholders Equity	28.51M	-12.90M	45.26M	80.40M	81.81M	73.74M
Cash Flow
Free Cash Flow	3.67M	-945.00K	10.26M	84.00K	-2.62M	-4.93M
Operating Cash Flow	3.77M	-439.00K	11.58M	1.19M	-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	-5.13M	41.15M	65.58M

Boxlight Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.82
• 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 Neutral. The current price of 1.82 is above the 20-day moving average (MA) of 1.77, below the 50-day MA of 2.00, and below the 200-day MA of 2.15, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 53.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BOXL.

Boxlight Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OCC	62 Neutral	$86.84M	―	-5.41%	―	12.67%	80.62%
Sector *	61 Neutral	$36.85B	12.13	-10.22%	1.85%	8.52%	-7.53%
AMPG	61 Neutral	$83.32M	―	-30.53%	―	58.04%	21.09%
MITQ	59 Neutral	$11.92M	―	-21.35%	―	-4.85%	43.93%
AIRG	50 Neutral	$48.92M	―	-21.97%	―	6.84%	49.74%
BOXL	41 Neutral	$4.83M	―	-126.41%	―	-30.79%	43.48%
CLRO	39 Underperform	$8.19M	―	-57.64%	―	-35.27%	-227.55%

Boxlight Corporate Events

Boxlight Appoints New Directors to Regain Compliance

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.

Boxlight Shareholders Approve Key Proposals at Annual Meeting

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.

Boxlight Appoints Brian D. Lane as Interim CFO

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.

Boxlight CFO Greg Wiggins Announces Resignation

On June 19, 2025, Greg Wiggins, the Chief Financial Officer of Boxlight Corporation, announced his resignation to pursue another opportunity. His departure, effective July 18, 2025, is not due to any disagreements with the company’s operations, policies, or practices.

Boxlight Director Resigns to Address Nasdaq Compliance

On June 16, 2025, James Mark Elliott, a non-executive director of Boxlight Corporation, resigned to help the company address its non-compliance with Nasdaq Rule 5605(b)(1), which mandates that a majority of the board be independent directors. His resignation was not due to any disagreement with the company’s operations or policies, and Boxlight plans to retain him as an advisor and potentially re-elect him once compliance is achieved.

Boxlight Faces Nasdaq Compliance Challenge After Resignations

On June 6, 2025, Charles P. Amos resigned as a director of Boxlight Corporation, following the earlier resignation of R. Wayne Jackson on May 23, 2025. These resignations have led to Boxlight’s noncompliance with Nasdaq rules regarding audit committee composition and board independence. The company has until November 19, 2025, to address these issues and is actively seeking qualified candidates to restore compliance.

Boxlight Director Resignation Affects Nasdaq Compliance

On May 23, 2025, R. Wayne Jackson resigned as a director of Boxlight Corporation for personal reasons, with no disagreements related to company operations. His departure left the company non-compliant with Nasdaq Rule 5605(c)(2)(A) regarding audit committee composition. Boxlight has until November 19, 2025, to address this by recruiting a qualified director, though success in this endeavor is not guaranteed.