Boxlight Corporation (BOXL) Earnings
Boxlight Corporation is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-3.36. BOXL has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise -127.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 15, 2026 | $-6.51 | $-2.25 | +65.4% | $22M | +0.1% |
| Nov 14, 2025 | $-7.26 | $-11.28 | -55.4% | $29M | +22.3% |
| Aug 13, 2025 | $-0.24 | $-1.53 | -537.5% | $31M | -15.0% |
| May 14, 2025 | $-2.36 | $-1.95 | +17.4% | $22M | +11.9% |
| Mar 28, 2025 | $-2.82 | $-8.35 | -196.1% | $24M | -20.2% |
| Mar 13, 2024 | $-3.30 | $-3.15 | +4.5% | $39M | +14.1% |
| Mar 15, 2023 | $-2.40 | $-1.20 | +50.0% | $43M | -10.9% |
| Nov 9, 2022 | $0.80 | $1.20 | +50.0% | $69M | +24.0% |
| Aug 11, 2022 | $-0.07 | $-1.20 | -1614.3% | $60M | +10.4% |
| May 12, 2022 | $-2.80 | $-2.80 | +0.0% | $51M | +14.9% |
| Mar 17, 2022 | $-3.60 | $-4.40 | -22.2% | $44M | +9.5% |
| Nov 10, 2021 | $1.80 | $0.40 | -77.8% | $61M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2024 · November 13, 2024
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Brand simplification: Major product lines to be organized under 3 solution categories (Clevertouch for IFPD/display, FrontRow for audio/communication, Mimio/EOS for STEM); rollout in first half of 2025. - Product launches: New IMPACT Max 2 interactive panel; Clevertouch Edge won Pro AV Best in Market Award 2024; achieved Cyber Essentials certification; FrontRow UNITY and FrontRow TimeSign products shipped. - Market performance: EMEA has stronger IFPD demand, e.g., Germany and Belgium Q3 returns up 29% and 18% respectively; Americas IFPD demand soft. - Cost alignment: Targeting annual operating expense run rate of $12 - $13 million per quarter, expecting to achieve by end of 2024; repaid $4 million bridge loan; current term loan balance $39.3 million.
Guidance
- Anticipate industry recovery starting next year, with signs already in EMEA pockets. - Bullish on long-term outlook due to core K-12 interactive classrooms market and adjacent growth areas like higher ed and enterprise. - Aim to meet profitability targets despite persistent revenue headwinds.
Segment performance
Revenues for Q3 2024 were $36.3 million, a 26.9% decrease from $49.7 million in Q3 2023. EMEA revenues comprised approximately 49% ($18 million) of total revenues, Americas revenues totaled approximately 48% ($17 million), and other markets 3%. Flat panel displays comprised approximately 72% of total revenues, audio solutions 12%, with the balance from device accessories, software, professional services, and STEM solutions. Gross profit for Q3 2024 was $12.3 million vs. $18 million in the prior year period, with a gross profit margin of 33.8%, a decrease of 250 basis points due to competitive pricing pressures and sales mix changes between IFPD and audio products.
Risks & headwinds
- Industry demand softness, especially in U.S. IFPD market. - Market volatility leading to quarter-to-quarter performance fluctuations. - Risks associated with development and introduction of new products/services. - Marketing and other business development initiative risks. - Competition risk. - Potential non-compliance with senior credit agreement.
Analyst Q&A
Q: As you consolidate to one brand, Clevertouch, what is the impact on exclusive channel partner agreements and market share?
A: Addressed exclusivity provisions with partners amicably; Clevertouch has worldwide brand equity translating well, and customers can choose Mimio or Clevertouch products with same support.
Q: What attributes the U.S. market shrinking quickly?
A: Period of heavy spending packed into a few years led to hangover of budget availability; devices lasting longer than anticipated.
Q: What makes you bullish in face of multiyear weakening demand trends?
A: History of the business with experience in market ups and downs; signs of EMEA market recovery starting, and conversations of partners indicating clarity for next year.
Q: Are you not in compliance with senior credit agreement?
A: $4 million bridge loan repaid, working on finalizing waiver for senior leverage ratio covenant non-compliance, expecting to obtain it.
Q: Thoughts on U.S. tariffs impact?
A: Suppliers and company have been coordinating backup plans to mitigate impact; likely to be more local and state-driven.
Q: Perspective on enterprise and higher ed verticals?
A: Large opportunity in hybrid workplaces; building dealer and sales relationships, and having product matching enterprise needs more exactly now.