NASDAQ$BOXL

Boxlight Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Boxlight's financial performance improved, marked by record customer orders and outperforming revenue and earnings guidance.

Boxlight Corporation reported a significant increase in revenue for Q4 2020, primarily due to the acquisition of Sahara. Revenue increased by 437% compared to Q4 2019. The company reported a net loss of $(8.6) million, and Adjusted EBITDA was income of $0.4 million, compared to a loss of $(2.6) million for the three months ended December 31, 2019.

  • Revenues for Q4 2020 were $31.9 million, a 437% increase compared to $5.9 million in Q4 2019.
  • Gross profit for Q4 2020 was $3.6 million, compared to $1.0 million in Q4 2019.
  • Net loss for Q4 2020 was $(8.6) million, compared to $(2.9) million in Q4 2019.
  • Adjusted EBITDA for Q4 2020 was income of $0.4 million, compared to a loss of $(2.6) million in Q4 2019.

Headline financials

Total Revenue

$31.9M

No prior period
EPS (adj)

$0.08

No prior period
Net Income

-$8.6M

No prior period
Operating Income

-$7.5M

No prior period
Gross Profit

$3.6M

No prior period
Cash & Equivalents

$13.5M

No prior period
Total Assets

$140M

No prior period
Stock-Based Comp

$762K

No prior period

Revenue & EPS history

Boxlight · Revenue · Quarterly

$31.9M

Q4 2020
Beat estimate in 7 of 12 quarters(58%)
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 revenue greater than $28 million and positive Adjusted EBITDA for the first quarter.

Tailwinds

  • Increased demand for solutions in 2021.
  • Expects to report the first quarter with revenue greater than $28 million.
  • Expects positive Adjusted EBITDA for the first quarter.
  • Benefiting from a robust and growing market for interactive hardware and software solutions.
  • Executing on strategy to take market share by providing superior solutions and unsurpassed customer support.

Headwinds

  • Challenging disruptions to how we interact and communicate in both education and business settings.
  • First quarter is seasonally slow.
  • First quarter has historically accounted for less than 20% of annual sales.

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 Q4 2020

Historical avgQ4 2020

-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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