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Stock impact report

Boxlight Reports First Quarter 2024 Financial Results

Boxlight Corporation - Class A (BOXL) 
Last boxlight corporation - class a earnings: 11/12 04:05 pm Check Earnings Report
Company Research Source: Business Wire
DULUTH, Ga.--(BUSINESS WIRE)--Boxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the “Company”), a leading provider of interactive technology solutions, today announced the Company’s financial results for the first quarter ended March 31, 2024.Financial and Operational Highlights:Revenue was $37.1 million for the quarter, a decrease of 9.9% from the prior year quarterGross profit margin in Q1'24 decreased by 230 basis points to 34.5% due to change in product mix from the prior year quarterNet loss was $7.1 million, compared to net loss of $2.9 million in the prior year quarterNet loss per basic and diluted common share was ($0.76), compared to ($0.35) net loss per basic and diluted common share in the prior year quarterAdjusted EBITDA decreased by $3.1 million to $0.2 million from the prior year quarterEnded the quarter with $11.8 million in cash, $46.6 million in working capital and $9.1 million in stockholders’ equityExpect Q2 2024 revenue of $43-$45 million and adjusted EBITDA Show less Read more
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