NASDAQ$BOXL
Boxlight Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strongest quarter to date with positive net income and EPS.
Boxlight Corporation reported a tremendous Q3 2021, exceeding guidance with $61 million in revenue, $7.2 million in Adjusted EBITDA, and positive net income and earnings per share for the first time. The company has delivered positive Adjusted EBITDA and above-market revenue growth for five consecutive quarters.
- Q3 2021 revenue reached $61 million, a 544% increase compared to Q3 2020.
- The company reported a net income of $729 thousand for Q3 2021, compared to a net loss of $(4.2) million in Q3 2020.
- Adjusted EBITDA for Q3 2021 was $7.2 million, compared to a loss of $(0.8) million in Q3 2020.
- The company forecasts $40 million in revenue for Q4 2021, representing 26% growth over Q4 2020.
Headline financials
Revenue & EPS history
Boxlight · Revenue · Quarterly
$61M
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
Boxlight expects to deliver $40 million in revenue for the fourth quarter, representing 26% growth over the same quarter last year. For the full year 2022, the company is forecasting $230 million in revenue representing approximately 27% growth over 2021 guidance, and greater than 10% Adjusted EBITDA.
Tailwinds
- Expected revenue of $40 million for Q4 2021, a 26% increase year-over-year.
- Forecasted revenue of $230 million for full year 2022, a 27% increase over 2021 guidance.
- Expected Adjusted EBITDA greater than 10% for full year 2022.
- Double-digit growth is seen globally.
- Improved balance sheet including $32 million working capital and $55 million net assets.
Headwinds
- Gross margins have been adversely impacted by increased freight and customs costs due to supply chain challenges.
- Additional pressure on margin has been seen on the cost of manufacturing as a result of component shortages.
- Supply chain challenges are anticipated to continue for the remainder of 2021.
- Component shortages have had an adverse impact of approximately 5% in the quarter.
- Total comprehensive loss was $(1.3) 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 Q3 2021
-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
| Quarter | Report date | Reaction (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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