NASDAQ$BOXL

Boxlight Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and year ended December 31, 2022.

Boxlight's Q4 2022 revenues decreased by 2.7% to $42.8 million compared to the prior year period, but increased by 7% on a constant currency basis. Gross profit margin improved by 1,240 basis points, leading to an increase in Adjusted EBITDA of $5 million over the same quarter last year. The company ended the year with a strong balance sheet, including $14.6 million in cash and positive cash flows from operations for the full year 2022.

  • Q4 2022 revenues were $42.8 million, a 2.7% decrease compared to Q4 2021, but a 7% increase on a constant currency basis.
  • Gross profit margin improved by 1,240 basis points compared to the same quarter last year.
  • Adjusted EBITDA increased by $5 million compared to the same quarter last year.
  • The company ended the year with $14.6 million in cash, $58.2 million in inventory, and $62.8 million in working capital.

Headline financials

Total Revenue

$42.8M

Previous: $44M-2.7%
EPS (adj)

-$0.24

Previous: -$0.88+72.7%
Net Income

-$2M

Previous: -$7.1M+71.8%
Operating Income

-$900K

Previous: -$2.57M+65.0%
Gross Profit

$14.4M

Previous: $9.3M+54.8%
Cash & Equivalents

$14.6M

Previous: $17.9M-18.4%
Total Assets

$196M

Previous: $201M-2.8%
Stock-Based Comp

$648K

Previous: $1.04M-37.7%

Revenue & EPS history

Boxlight · Revenue · Quarterly

$42.8M

Q4 2022-2.7%vs Q4 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

No forward guidance provided in the transcript.

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 2022

Historical avgQ4 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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