NASDAQ$BOXL

Boxlight Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Boxlight's financial performance decreased compared to the prior year quarter, but profitability improved.

Boxlight reported a decrease in revenue by 18.6% year-over-year, totaling $41.2 million. However, the company improved its net loss per share to ($0.04) and increased adjusted EBITDA by $2.1 million to $3.3 million.

  • Revenue decreased by 18.6% to $41.2 million.
  • Net loss per share improved by $0.03 to ($0.04).
  • Adjusted EBITDA increased by $2.1 million to $3.3 million.
  • Gross profit margin improved to 36.8%.

Headline financials

Total Revenue

$41.2M

Previous: $50.6M-18.6%
EPS (adj)

-$0.32

Previous: -$0.56+42.9%
Adjusted EBITDA

$3.3M

Previous: $1.2M+175.0%
Gross profit margin

36.8%

No prior period
Free Cash Flow

-$2.92M

Previous: -$4.86M+39.8%
Net Income

-$2.92M

Previous: -$4.86M+39.8%
Operating Income

-$180K

Previous: -$3.45M+94.8%
Gross Profit

$15.1M

Previous: $12.6M+20.1%
Cash & Equivalents

$11.3M

Previous: $11.3M+0.1%
Total Assets

$180M

Previous: $193M-7.0%
Stock-Based Comp

$641K

Previous: $1.14M-43.5%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$41.2M

Q1 2023-18.6%vs Q1 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The company expects Q2 2023 Revenue of $50 million and Adjusted EBITDA of $4 million.

Tailwinds

  • Expect Q2 2023 Revenue of $50 million
  • Expect Q2 2023 Adjusted EBITDA of $4 million

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-3.5%

Avg return

Earnings day

-6.3%

Avg return

5 days after

-12.6%

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%
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%
Q4 2016
Q3 2017
Q2 2017
Q1 2017
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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