NASDAQ$BOXL

Boxlight Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Boxlight reported mixed results for Q4 2021 with increased revenue but an adjusted EBITDA loss due to one-time costs and supply chain issues.

Boxlight reported a 38.1% increase in revenue to $44 million for Q4 2021. However, the company experienced a net loss of $7.1 million and an adjusted EBITDA loss of $2.0 million primarily due to one-time costs associated with the FrontRow acquisition and related financing, as well as high supply chain and logistics expenses.

  • Revenue increased by 38.1% to $44.0 million.
  • Customer orders increased by 25.0% to 41.5 million.
  • Gross profit margin improved by 100 basis points to 21.2%.
  • Net loss improved by $1.4 million to $(7.1) million.

Headline financials

Total Revenue

$44M

Previous: $31.9M+38.1%
EPS (adj)

-$0.88

Previous: $0.08-1200.0%
Gross profit margin

21.2%

No prior period
Net Income

-$7.1M

Previous: -$8.6M+17.4%
Operating Income

-$2.57M

Previous: -$7.5M+65.7%
Gross Profit

$9.3M

Previous: $3.6M+158.3%
Cash & Equivalents

$17.9M

Previous: $13.5M+32.6%
Total Assets

$201M

Previous: $140M+43.4%
Stock-Based Comp

$1.04M

Previous: $762K+36.5%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$44M

Q4 2021+38.1%vs Q4 2020
Beat estimate in 10 of 15 quarters(67%)
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 Q1 2022 revenue of $44 million and adjusted EBITDA of $2 million and full year 2022 revenue of $250 million and adjusted EBITDA of $26 million.

Tailwinds

  • Expect Q1 2022 Revenue of $44 million
  • Expect Q1 2022 Adjusted EBITDA of $2 million
  • Expect Full Year 2022 Revenue of $250 million
  • Expect Full Year 2022 Adjusted EBITDA of $26 million
  • Experiencing stronger than expected customer orders

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 Q4 2021

Historical avgQ4 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

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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