NASDAQ$BOXL

Boxlight Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a record quarter with substantial revenue increase due to strategic acquisitions and market expansion.

Boxlight Corporation reported a significant increase in revenue for Q1 2021, driven by the acquisition of Sahara and growth in the education sector. The company achieved record customer orders and Adjusted EBITDA, but also reported a net loss due to increased operating expenses and other income expenses.

  • Completed a record quarter with $47.7 million in customer orders.
  • Reported $33.4 million in revenues, a 484% increase compared to Q1 2020.
  • Achieved $1.6 million in Adjusted EBITDA.
  • Benefited from market expansion in the education sector due to return to in-class learning and increased technology budgets.

Headline financials

Total Revenue

$33.4M

Previous: $5.72M+484.0%
EPS (adj)

-$0.72

Previous: -$0.64-12.5%
Capital Expenditures

-$46K

No prior period
Free Cash Flow

-$5.22M

Previous: -$1.95M-167.5%
Net Income

-$5.17M

Previous: -$1.95M-165.1%
Operating Income

-$2.03M

Previous: -$2.66M+23.6%
Gross Profit

$8.55M

Previous: $1.59M+437.5%
Cash & Equivalents

$10M

Previous: $613K+1531.8%
Total Assets

$140M

Previous: $19.3M+625.3%
Stock-Based Comp

$677K

No prior period

Revenue & EPS history

Boxlight · Revenue · Quarterly

$33.4M

Q1 2021+484%vs Q1 2020
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Boxlight · $22.4M total across 2 segments · Q1 2026

  • Product revenue
    $20.6M
  • Service revenue
    $1.88M

Forward guidance

Boxlight anticipates continued growth in Q2 2021, projecting revenue of $39 million and Adjusted EBITDA of at least $1 million.

Tailwinds

  • Optimistic on the second quarter.
  • Expect to report revenue of $39 million.
  • Expect at least $1 million in Adjusted EBITDA.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-3.5%

Avg return

Earnings day

-6.3%

Avg return

5 days after

-0.1%

Avg return

30 days after

36%

12 / 33 earnings

Positive

+19.4%

Q1 2025

Best reaction

-29.9%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.0%-13.8%+400.0%
Q4 2025+5.8%-2.5%-27.5%
Q3 2025-12.9%-19.6%-41.4%
Q2 2025-7.3%-14.8%-12.9%
Q1 2025+19.4%-1.7%+1.2%
Q4 2024+15.6%-11.9%+7.5%
Q3 2024-8.7%-21.6%-21.8%
Q2 2024-6.8%-6.7%-13.1%
Q1 2024+4.8%+2.9%+17.3%
Q4 2023-19.8%-20.6%-35.2%
Q3 2023-26.7%-23.3%-36.6%
Q2 2023-4.0%-0.9%-13.2%
Q1 2023-8.2%-14.8%-15.3%
Q4 2022-12.9%-23.2%-25.5%
Q3 2022-13.3%-1.2%-33.6%
Q2 2022+13.0%+16.0%+0.9%
Q1 2022+12.8%+19.7%-14.7%
Q4 2021+9.7%-7.6%-5.9%
Q3 2021-15.6%-23.5%-39.5%
Q2 2021+14.9%+12.8%+23.1%
Q1 2021-0.4%+2.7%+13.0%
Q4 2020+5.8%+7.0%-23.4%
Q3 2020-14.3%-12.5%-1.2%
Q2 2020-4.6%-6.0%-33.2%
Q1 2020+2.3%+90.8%+12.3%
Q3 2019-2.9%-5.7%-26.9%
Q2 2019-1.5%-4.1%-16.2%
Q1 2019-7.0%-10.4%-21.0%
Q4 2018+8.8%-2.0%+30.6%
Q3 2018-29.9%-36.4%-45.4%
Q2 2018-19.8%-23.2%-37.6%
Q1 2018-16.6%-38.6%-50.9%
Q4 2017+7.4%-12.1%+82.8%
Q3 2017
Q4 2016
Q2 2017
Q3 2016
Q1 2017
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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