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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro