NASDAQ$BOXL

Boxlight Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Revenue increased and net loss per share improved in the first quarter of 2022.

Boxlight Corporation reported a 51.4% increase in revenue to $50.6 million and an improved net loss per common share of $(0.07) for Q1 2022. The company ended the quarter with $43.0 million in backorders and expects Q2 2022 revenue of $54 million and adjusted EBITDA greater than $2 million.

  • Revenue increased by 51.4% to $50.6 million with 34% organic growth.
  • Customer orders increased by 34.0% to $64.0 million with 23% organic growth.
  • Net loss improved by $0.3 million to $(4.9) million.
  • Net loss per common share improved by $0.02 to $(0.07).

Headline financials

Total Revenue

$50.6M

Previous: $33.4M+51.4%
EPS (adj)

-$0.56

Previous: -$0.72+22.2%
Adjusted EBITDA

$1.2M

No prior period
Free Cash Flow

-$4.86M

Previous: -$5.22M+6.9%
Net Income

-$4.86M

Previous: -$5.17M+6.1%
Operating Income

-$3.45M

Previous: -$2.03M-69.8%
Gross Profit

$12.6M

Previous: $8.55M+47.5%
Cash & Equivalents

$11.3M

Previous: $10M+12.6%
Total Assets

$193M

Previous: $140M+38.2%
Stock-Based Comp

$1.14M

Previous: $677K+67.7%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$50.6M

Q1 2022+51.4%vs Q1 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Boxlight expects to deliver $54 million in revenue and greater than $2 million in Adjusted EBITDA for Q2 2022, and anticipates achieving full year guidance of $250 million in revenue and $26 million in Adjusted EBITDA.

Tailwinds

  • Expect Q2 2022 Revenue of $54 million
  • Expect Q2 2022 Adjusted EBITDA greater than $2 million
  • Expect Full Year 2022 Revenue of $250 million
  • Expect Full Year 2022 Adjusted EBITDA of $26 million

Headwinds

  • Supply chain challenges
  • Logistics challenges
  • Product delays
  • Increased freight costs

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 2022

Historical avgQ1 2022

-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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