NASDAQ$BOXL

Boxlight Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Boxlight Corporation reported a decrease in revenue and an increase in net loss for Q1 2025, primarily due to lower sales volume and changes in working capital management.

Boxlight Corporation experienced a significant decrease in revenue and an increase in net loss for the three months ended March 31, 2025, compared to the same period in 2024. The company's net loss was $3.243 million, and total revenues were $22.423 million. The decrease in revenue was primarily due to lower sales volume across all markets and competitive industry pricing.

  • Total revenues decreased by 39.5% to $22.423 million in Q1 2025 from $37.093 million in Q1 2024.
  • Net loss for Q1 2025 was $3.243 million, an improvement from a net loss of $7.089 million in Q1 2024.
  • Gross profit margin increased to 35.9% in Q1 2025 from 34.5% in Q1 2024, driven by product mix differences.
  • The company reported a negative Adjusted EBITDA of $25 thousand in Q1 2025, compared to a positive Adjusted EBITDA of $179 thousand in Q1 2024.

Headline financials

Total Revenue

$22.4M

Previous: $37.1M-39.5%
EPS (adj)

-$1.41

Previous: -$0.76-85.5%
Net Income

-$3.24M

Previous: -$7.09M+54.3%
Operating Income

-$2.91M

Previous: -$3.61M+19.3%
Gross Profit

$8.04M

Previous: $12.8M-37.2%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$22.4M

Q1 2025-39.5%vs Q1 2024
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's ability to continue as a going concern is dependent on achieving positive cash flow from operations, obtaining waivers or other relief under the Credit Agreement for future non-compliance, or refinancing its Credit Agreement on more favorable terms. The company is actively working to refinance its debt.

Tailwinds

  • Actively working to refinance existing debt with new lenders.
  • Good working relationship with current banking partner.
  • Implemented or initiated appropriate plans regarding refinancing procedures.
  • Company's strategic plan aims to improve financial flexibility and reduce cost of capital.
  • Initiatives to reduce operating expenses across all cost groups.

Headwinds

  • Substantial doubt about the ability to continue as a going concern within one year.
  • Non-compliance with Senior Leverage Ratio financial covenant and borrowing base covenant.
  • Term Loan of $39.6 million matures on December 31, 2025, requiring refinancing within nine months.
  • No assurance that the Company's compliance plan will be accepted by Nasdaq or that compliance with Rule 5550(b) will be achieved.
  • Uncertainty surrounding global supply chains, markets, and conflicts may reduce access to funding and increase cost of capital.

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 2025

Historical avgQ1 2025

-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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