BOXL

MKT CAP:$1M

Boxlight Corporation

Market Cap

$1M

Technology·Consumer Electronics·🇺🇸 United States·NASDAQ

Technology·Consumer Elec.·🇺🇸·NASDAQ

Stock Price

$1.06-$0.67 (-38.73%)

Apr 24, 2026

Company Details

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The compa...

CEO

Henry F. Nance

IPO Date

Nov 30, 2017

Website

boxlight.com

Key Metrics TTM

Revenue

$107M

-29.3% YoY

Net Income

-$31M

EPS (Diluted)

-$80.76

Free Cash Flow

-$543.0K

Revenue / Share

$184.87

Gross Margin

32.6%

Operating Margin

-25.3%

Net Margin

-28.9%

FCF Margin

-0.5%

P/S

0.0x

P/E

—

Earnings Reports

Q3 2025

Nov 14, 2025

$29M-19.2%EPS -$11.28

Q2 2025

Aug 13, 2025

$31M-19.9%EPS -$9.18

Q1 2025

May 14, 2025

$22M-39.5%EPS -$8.46

FY 2024

Mar 28, 2025

$136M-23.1%EPS -$75.54

Q4 2024

Mar 28, 2025

$24M-38.2%EPS -$51.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$44M	$9M	-$6M
Q1 22	$51M	$13M	-$3M
Q2 22	$60M	$17M	$881.0K
Q3 22	$69M	$21M	$6M
Q4 22	$43M	$14M	-$842.0K
Q1 23	$41M	$15M	-$180.0K
Q2 23	$47M	$18M	$2M
Q3 23	$50M	$18M	-$12M
Q4 23	$39M	$12M	-$17M
Q1 24	$37M	$11M	-$4M
Q2 24	$39M	$15M	$1M
Q3 24	$36M	$12M	-$859.0K
Q4 24	$24M	$7M	-$16M
Q1 25	$22M	$8M	-$3M
Q2 25	$31M	$11M	-$4M
Q3 25	$29M	$9M	-$4M

Valuation

Quarter	P/S	P/E
Q4 21	3.0x	—
Q1 22	2.4x	—
Q2 22	1.4x	—
Q3 22	1.2x	—
Q4 22	0.7x	—
Q1 23	0.9x	—
Q2 23	0.6x	—
Q3 23	0.6x	—
Q4 23	0.3x	—
Q1 24	0.2x	—
Q2 24	0.2x	—
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.2x	—
Q2 25	0.3x	—
Q3 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$11M	$11M
Q1 22	-$5M	-$6M
Q2 22	-$1M	-$2M
Q3 22	$7M	$7M
Q4 22	$690.0K	$544.0K
Q1 23	-$2M	-$2M
Q2 23	$2M	$2M
Q3 23	$8M	$8M
Q4 23	$3M	$2M
Q1 24	-$2M	-$2M
Q2 24	-$5M	-$5M
Q3 24	$5M	$5M
Q4 24	$2M	$1M
Q1 25	-$5M	-$5M
Q2 25	$2M	$2M
Q3 25	$1M	$1M

Capital Expenditures

Quarter	CapEx
Q4 21	$146.0K
Q1 22	$526.0K
Q2 22	$133.0K
Q3 22	$301.0K
Q4 22	$146.0K
Q1 23	$81.0K
Q2 23	$19.0K
Q3 23	$126.0K
Q4 23	$1M
Q1 24	$394.0K
Q2 24	$17.0K
Q3 24	$132.0K
Q4 24	$227.0K
Q1 25	$127.0K
Q2 25	$32.0K
Q3 25	$1.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+38.1%	+26.0%
Q1 22	+51.4%	+52.5%
Q2 22	+27.5%	+30.0%
Q3 22	+12.7%	+8.3%
Q4 22	-2.7%	-12.0%
Q1 23	-18.6%	-23.5%
Q2 23	-21.1%	-23.4%
Q3 23	-27.7%	-1.6%
Q4 23	-9.3%	+26.9%
Q1 24	-9.9%	-1.6%
Q2 24	-18.1%	-17.1%
Q3 24	-26.9%	-39.4%
Q4 24	-38.2%	-27.4%
Q1 25	-39.5%	-37.8%
Q2 25	-19.9%	-6.8%
Q3 25	-19.2%	-10.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$1M	2.4%
Q1 22	$1M	2.2%
Q2 22	$927.0K	1.6%
Q3 22	$603.0K	0.9%
Q4 22	$648.0K	1.5%
Q1 23	$641.0K	1.6%
Q2 23	$511.0K	1.1%
Q3 23	$671.0K	1.4%
Q4 23	$1M	3.4%
Q1 24	$549.0K	1.5%
Q2 24	$243.0K	0.6%
Q3 24	$441.0K	1.2%
Q4 24	$156.0K	0.7%
Q1 25	$169.0K	0.8%
Q2 25	$179.0K	0.6%
Q3 25	$111.0K	0.4%

OpEx Breakdown

Quarter	R&D	G&A
Q4 21	$516.0K	$14M
Q1 22	$613.0K	$15M
Q2 22	$649.0K	$15M
Q3 22	$604.0K	$14M
Q4 22	$617.0K	$15M
Q1 23	$597.0K	$15M
Q2 23	$525.0K	$15M
Q3 23	$979.0K	$15M
Q4 23	$1M	$16M
Q1 24	$1M	$15M
Q2 24	$985.0K	$12M
Q3 24	$1M	$12M
Q4 24	$948.0K	$23M
Q1 25	$912.0K	$10M
Q2 25	$1M	$14M
Q3 25	$1M	$9M

Revenue Segments

Quarter	Hardware	Professional services	Software	Product	Service
Q3 23	$47M	$45.0K	$733.0K	—	—
Q1 24	—	—	—	$34M	$3M
Q2 24	—	—	—	$36M	$3M
Q3 24	—	—	—	$34M	$2M
Q2 25	—	—	—	$28M	$3M
Q3 25	—	—	—	$27M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$11M	$0	$11M
Q2 22	$12M	$0	$12M
Q3 22	$22M	$0	$22M
Q4 22	$15M	$0	$15M
Q1 23	$11M	$0	$11M
Q2 23	$16M	$0	$16M
Q3 23	$18M	$0	$18M
Q4 23	$17M	$0	$17M
Q1 24	$12M	$0	$12M
Q2 24	$8M	$0	$8M
Q3 24	$10M	$0	$10M
Q4 24	$8M	$0	$8M
Q1 25	$8M	$0	$8M
Q2 25	$8M	$0	$8M
Q3 25	$12M	$0	$12M
Q4 25	$9M	$0	$9M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	259K	-3.8%	+27.8%
Q1 22	273K	+5.1%	+18.6%
Q2 22	274K	+0.6%	+13.7%
Q3 22	373K	+36.1%	+38.4%
Q4 22	311K	-16.6%	+20.1%
Q1 23	300K	-3.5%	+10.2%
Q2 23	313K	+4.1%	+14.1%
Q3 23	316K	+1.1%	-15.3%
Q4 23	323K	+2.3%	+3.9%
Q1 24	324K	+0.1%	+7.8%
Q2 24	326K	+0.8%	+4.3%
Q3 24	327K	+0.4%	+3.6%
Q4 24	328K	+0.3%	+1.5%
Q1 25	422K	+28.3%	+30.2%
Q2 25	549K	+30.3%	+68.4%
Q3 25	577K	+5.0%	+76.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$3M	16
Q1 22	$3M	16
Q2 22	$4M	16
Q3 22	$4M	16
Q4 22	$3M	16
Q1 23	$3M	16
Q2 23	$3M	16
Q3 23	$3M	16
Q4 23	$2M	16
Q1 24	$2M	16
Q2 24	$2M	16
Q3 24	$2M	16
Q4 24	$1M	16
Q1 25	$1M	16
Q2 25	$2M	16
Q3 25	$2M	16

Revenue / Employee