NASDAQ$BOXL

Boxlight Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Boxlight's revenue decreased due to softer industry demand, but customer order growth improved. Company experienced a net loss due to goodwill impairment charges.

Boxlight reported a decrease in revenue for Q3 2023 compared to the previous year, primarily due to softer industry demand. The company experienced a net loss, largely due to goodwill impairment charges, but saw improved customer order growth and an improved gross profit margin.

  • Revenue decreased by 28% to $49.7 million.
  • Customer orders increased 11% to $49.4 million.
  • Gross profit margin improved to 36.3%.
  • Net loss was $17.8 million.

Headline financials

Total Revenue

$49.7M

Previous: $68.7M-27.7%
EPS (adj)

-$0.51

Previous: $0.24-312.5%
Adjusted EBITDA

$4.9M

Previous: $9.9M-50.5%
Gross profit margin

36.3%

Previous: 30.6%+18.6%
Capital Expenditures

-$126K

Previous: -$960K+86.9%
Free Cash Flow

-$17.8M

Previous: $2.15M-927.5%
Net Income

-$17.8M

Previous: $3.11M-671.7%
Operating Income

-$11.6M

Previous: $6.46M-279.4%
Gross Profit

$18M

Previous: $21M-14.3%
Cash & Equivalents

$18.4M

Previous: $22M-16.1%
Total Assets

$180M

Previous: $214M-15.9%
R&D Expense

$979K

No prior period
Stock-Based Comp

$671K

Previous: $603K+11.3%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$49.7M

Q3 2023-27.7%vs Q3 2022
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 2023 revenue and adjusted EBITDA to remain flat with the prior year at $43 million and $3 million, respectively.

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 2023

Historical avgQ3 2023

-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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