NASDAQ$BOXL

Boxlight Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Revenue increased and net income improved for the third quarter of 2022.

Boxlight Corporation reported a 12.7% increase in revenue to $68.7 million and net income improved by $2.4 million to $3.1 million for the third quarter ended September 30, 2022.

  • Revenue increased by 12.7% to $68.7 million.
  • Net income per diluted common share improved by $0.02 to $0.03.
  • Adjusted EBITDA increased by $2.7 million to $9.9 million.
  • The company ended the quarter with $22.0 million in cash.

Headline financials

Total Revenue

$68.7M

Previous: $61M+12.7%
EPS (adj)

$0.24

Previous: $0.08+200.0%
Adjusted EBITDA

$9.9M

Previous: $7.2M+37.5%
Gross profit margin

30.6%

Previous: 25.9%+18.1%
Capital Expenditures

-$960K

Previous: $139K-790.6%
Free Cash Flow

$2.15M

Previous: $729K+194.2%
Net Income

$3.11M

Previous: $729K+325.9%
Operating Income

$6.46M

Previous: $3.51M+84.2%
Gross Profit

$21M

Previous: $15.8M+33.1%
Cash & Equivalents

$22M

Previous: $6.22M+252.8%
Total Assets

$214M

Previous: $174M+23.5%
Stock-Based Comp

$603K

Previous: $1.16M-48.1%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$68.7M

Q3 2022+12.7%vs Q3 2021
Beat estimate in 7 of 13 quarters(54%)
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 Q4 2022 revenue of $48 million and Adjusted EBITDA of $2 million. The company also expects Full Year 2022 revenue of $227 million and Adjusted EBITDA of $18 million.

Tailwinds

  • Expect Q4 2022 Revenue of $48 million
  • Expect Q4 2022 Adjusted EBITDA of $2 million
  • Expect Full Year 2022 Revenue of $227 million
  • Expect Full Year 2022 Adjusted EBITDA of $18 million

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 Q3 2022

Historical avgQ3 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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