Boxlight +7 on Q2 beats; filing questions financial ability to continue [Seeking Alpha]
Boxlight Corporation - Class A (BOXL)
Last boxlight corporation - class a earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
globenewswire.com/news-release/2017/11/28/1207174/0/en/boxlight-corporation-announces-closing-of-initial-public-offering-of-1-000-000-shares-of-class-a-common-stock-at-7-00-per-share.html
Company Research
Source: Seeking Alpha
Boxlight (NASDAQ: BOXL ) shares premarket to $5.25 after Q2 results that beat estimates with a 62% Y/Y revenue growth. The quarterly report discusses the company’s financial troubles and its ability to continue. Under a “Going Concern” note in the filing , Boxlight says the company had accumulated a deficit of about $17.4M and a working capital deficient of $2.1M as of June 30. During the six months prior to that date, net loss totaled $5.4M and net cash used in operations was $2.3M. Key quote: “These factors raise substantial doubt regarding the Company’s ability to continue as a going concern within one year after the issuance date of these financial statements.” Boxlight is trying to obtain operational funds form public or private sales of equity, debt securities, or from a bank or other loans. Previously: Boxlight +15% after delaying Q2 report until tomorrow (Aug. 15) Previously: Boxlight beats by $0
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High impacting Boxlight Corporation - Class A news events
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BOXL
News
- Boxlight Co. (NASDAQ: BOXL) had its price target lowered by analysts at Alliance Global Partners from $4.50 to $2.50. They now have a "buy" rating on the stock.MarketBeat
- Boxlight Co. (NASDAQ: BOXL) had its price target lowered by analysts at HC Wainwright from $3.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
- Boxlight Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Boxlight Reports Fourth Quarter and Full Year 2023 Financial ResultsBusiness Wire
- Boxlight to Hold Fourth Quarter and Full Year 2023 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
BOXL
Earnings
- 3/13/24 - Miss
BOXL
Sec Filings
- 3/29/24 - Form 4
- 3/14/24 - Form 10-K
- 3/13/24 - Form 8-K
- BOXL's page on the SEC website