NASDAQ$BOXL
Boxlight Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported record revenue driven by the acquisition of Sahara and increased demand.
Boxlight Corporation reported a record quarter with a 497% increase in revenue compared to Q2 2020. The company's revenue reached $46.8 million, with a gross profit of $12.8 million. The net loss was $(2.2) million, and Adjusted EBITDA was $5.4 million.
- Revenue increased by 497% to $46.8 million compared to Q2 2020.
- Gross profit reached $12.8 million, with a gross profit margin of 27.5%.
- Adjusted EBITDA was $5.4 million, compared to $0.0 million in Q2 2020.
- Net loss was $(2.2) million, impacted by a $2.2M expense from UK deferred tax liabilities remeasurement.
Headline financials
Revenue & EPS history
Boxlight · Revenue · Quarterly
$46.8M
Revenue by segment
Boxlight · $22.4M total across 2 segments · Q1 2026
- Product revenue$20.6M—91.6%
- Service revenue$1.88M—8.4%
Forward guidance
The company expects to report Q3 with revenue of $60 million, Adjusted EBITDA greater than $7 million and positive Net Income.
Tailwinds
- Expects Q3 revenue of $60 million
- Anticipates Adjusted EBITDA greater than $7 million in Q3
- Projects positive Net Income for Q3
- Entering seasonally strongest quarter
- Fulfilling commitment to rapid growth and improved profitability
Headwinds
- Increased freight and customs costs due to supply chain challenges are anticipated to continue throughout 2021.
- Gross margins have been adversely impacted by approximately four percentage points due to increased freight and customs costs caused by supply chain challenges associated with the effects of the Covid-19 pandemic
- UK deferred tax liabilities required remeasurement in the quarter to book an expense of $2.2M, following a change to the UK income tax rate in June 2021.
- Finance Bill 2021 (“the Bill”) provides for an increase in the UK statutory tax rate to 25% (from 19%) for taxpayers with profits over £250K beginning April 1, 2023.
- Net loss of $(2.2) million for the three months ended June 30, 2021 as compared to a net loss of $(1.4) million for the three months ended June 30, 2020.
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 Q2 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
| Quarter | Report date | Reaction (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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