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Boxlight Corp (BOXL)
NASDAQ:BOXL
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Boxlight (BOXL) AI Stock Analysis

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BOXL

Boxlight

(NASDAQ:BOXL)

Rating:41Neutral
Price Target:
$1.50
▼(-16.20% 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
Cost Management
Proactive and effective cost-cutting initiatives resulted in a 56% year-over-year decline in total operating expenses, helping offset demand challenges.
Investment Strategy
Management believes these recent investments in new product solutions and enhanced sales capabilities should position the company for additional market share gains and long-term growth.
New Product Launches
The company has consolidated brands, formed new selling partnerships, and launched new products, suggesting progress is being made.
Negative Factors
Market Challenges
The market continues to shrink after a short period of excessive EdTech spending, leading to a much lower appetite for K-12 to make additional orders.
Pricing Pressure
Management highlighted pricing pressure on interactive flat panels as the reason for its lower gross margin, which is expected to persist for the short to medium term.
Revenue Decline
Revenue has been slower to materialize as the company attempts to streamline operations during a challenging selling environment.

Boxlight (BOXL) vs. SPDR S&P 500 ETF (SPY)

Boxlight Business Overview & Revenue Model

Company DescriptionBoxlight 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 MoneyBoxlight 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 Earnings Call Summary

Earnings Call Date:Aug 13, 2025
(Q3-2024)
|
% Change Since: -21.83%|
Next Earnings Date:Nov 05, 2025
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.
Q3-2024 Updates
Positive Updates
Debt Repayment Achievement
Boxlight successfully repaid a $4 million bridge loan earlier than required, highlighting effective financial management.
Brand Restructuring for Market Expansion
Boxlight is restructuring its major product lines under three solution categories, aiming for market expansion and improved supply chain efficiency with the Clevertouch, FrontRow, and Mimio brands.
Product and Solution Expansion
Boxlight launched the upgraded IMPACT Max 2 interactive panel and announced new partnerships, such as Clevertouch Edge winning a Pro AV Best in Market Award for 2024 and achieving Cyber Essentials certification.
European Market Performance
Positive returns in European markets, with Germany and Belgium showing a 29% and 18% increase in Q3, respectively.
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.
Decreased Gross Profit Margin
Gross profit for Q3 2024 was $12.3 million with a margin of 33.8%, a decrease of 250 basis points from the previous year.
Net Loss Reported
The company reported a net loss of $3.1 million or $0.34 per share for Q3 2024.
IFPD Demand Softness in US
Interactive Flat Panel Display (IFPD) demand remains soft, particularly in the U.S., affecting revenue.
Non-Compliance with Credit Agreement
Boxlight was not in compliance with its senior leverage ratio covenant for Q3, requiring a waiver from lenders.
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
Boxlight faces significant financial challenges with declining revenue, consistent losses, high leverage, and negative cash flows. Despite slight improvements in stockholders' equity, the overall financial position remains risky.
Income Statement
40
Negative
Boxlight's revenue has significantly declined over the years, with a TTM (Trailing-Twelve-Months) revenue of $121.2 million down from $221.8 million in 2022. The company has been consistently unprofitable, with negative net income and EBIT margins, indicating challenges in managing operational costs effectively.
Balance Sheet
35
Negative
The company's balance sheet reveals high leverage, with a debt-to-equity ratio indicating significant reliance on debt financing. Stockholders' equity turned positive in the TTM, improving from a negative position in 2024, which shows slight improvement in financial health. However, the equity ratio remains low, suggesting limited financial stability.
Cash Flow
30
Negative
Boxlight's cash flow is worrying, with negative operating and free cash flows in the TTM period, signaling insufficient cash generation to cover expenses. The operating cash flow to net income ratio is also negative, indicating inefficiencies in turning operations into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue113.56M135.89M176.72M221.78M185.18M54.89M
Gross Profit24.09M46.94M63.30M64.87M46.52M9.87M
EBITDA-7.78M537.00K-17.59M15.37M46.00K-11.61M
Net Income-28.05M-28.34M-39.16M-3.74M-13.80M-16.15M
Balance Sheet
Total Assets99.20M115.31M158.57M195.40M201.44M140.40M
Cash, Cash Equivalents and Short-Term Investments7.61M8.01M17.25M14.59M17.94M13.46M
Total Debt47.43M45.59M49.28M48.98M51.94M24.65M
Total Liabilities91.32M128.20M113.31M114.99M119.63M66.66M
Stockholders Equity28.51M-12.90M45.26M80.40M81.81M73.74M
Cash Flow
Free Cash Flow3.67M-945.00K10.26M84.00K-2.62M-4.93M
Operating Cash Flow3.77M-439.00K11.58M1.19M-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-5.13M41.15M65.58M

Boxlight Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.79
Price Trends
50DMA
2.01
Negative
100DMA
1.80
Negative
200DMA
2.20
Negative
Market Momentum
MACD
-0.08
Positive
RSI
41.30
Neutral
STOCH
22.07
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 1.79 is below the 20-day moving average (MA) of 1.99, below the 50-day MA of 2.01, and below the 200-day MA of 2.20, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 41.30 is Neutral, neither overbought nor oversold. The STOCH value of 22.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$34.98B7.37-10.82%1.91%8.82%-8.66%
61
Neutral
$43.77M-14.60%5.77%29.54%
60
Neutral
$63.37M-30.53%58.04%21.09%
59
Neutral
$6.96M-21.35%-4.85%43.93%
53
Neutral
$50.71M-21.97%6.84%49.74%
41
Neutral
$4.65M-126.41%-30.79%43.48%
39
Underperform
$6.92M-57.64%-35.27%-227.55%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BOXL
Boxlight
1.79
-0.52
-22.51%
CLRO
Clearone Communications
4.17
-4.17
-50.00%
OCC
Optical Cable
5.65
2.87
103.24%
AIRG
Airgain
4.33
-3.32
-43.40%
AMPG
AmpliTech Group
3.21
2.36
277.65%
MITQ
Moving iMage Technologies
0.71
0.09
14.52%

Boxlight Corporate Events

Delistings and Listing ChangesExecutive/Board ChangesRegulatory Filings and Compliance
Boxlight Appoints New Directors to Regain Compliance
Neutral
Aug 14, 2025

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.

Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Boxlight Shareholders Approve Key Proposals at Annual Meeting
Positive
Aug 12, 2025

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.

Executive/Board Changes
Boxlight Appoints Brian D. Lane as Interim CFO
Neutral
Jul 28, 2025

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.

Executive/Board Changes
Boxlight CFO Greg Wiggins Announces Resignation
Neutral
Jun 25, 2025

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.

Executive/Board ChangesRegulatory Filings and Compliance
Boxlight Director Resigns to Address Nasdaq Compliance
Neutral
Jun 23, 2025

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.

Executive/Board ChangesRegulatory Filings and Compliance
Boxlight Faces Nasdaq Compliance Challenge After Resignations
Negative
Jun 12, 2025

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.

Executive/Board ChangesRegulatory Filings and Compliance
Boxlight Director Resignation Affects Nasdaq Compliance
Negative
May 30, 2025

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.

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.Date of analysis: Aug 20, 2025